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Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian.

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Presentation on theme: "Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian."— Presentation transcript:

1 Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian o Capitalism

2 Economics Capitalism o Right to private property o Right to business ownership o Right to freedom of competition o Right to freedom of choice Free Market Supply Demand Supply and Demand Curves Equilibrium Point Market Price

3 Economics Perfect competition o commodity Monopolistic competition Oligopolistic Competition Monopoly Inequality Socialism Communism Mixed economies o Free-market o Command

4 Economics o Economic Indicators o GDP o Unemployment Rate o Underemployment o Price Index o Inflation o Disinflation o Deflation o Stagflation o CPI o Core inflation o PPI

5 Services o Disinflation o Deflation o Stagflation o CPI o Core inflation o PPI Services o 70% of US economy

6 Economics o Business Cycle o Boom o Recession o Depression o Recovery o Fiscal Policy o National Debt o Monetary Policy o Interest Rates

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