'Circular flow model' diaporamas de présentation

C hapter 1

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U nit overview

U nit overview. W hat is Economics?. Introduction to Economics 1.0. A Riddle to start off your course You may not know it yet, but you are beginning a science class. Yes, Economics is a science, and just like other sciences, it deals with a fundamental problem of nature.

573 views • 48 slides

U nit overview

U nit overview. W hat is Economics?. Introduction to Economics 1.0. A Riddle to start off your course You may not know it yet, but you are beginning a science class. Yes, Economics is a science, and just like other sciences, it deals with a fundamental problem of nature.

754 views • 48 slides

Ch. 5 : MEASURING GDP AND ECONOMIC GROWTH

Ch. 5 : MEASURING GDP AND ECONOMIC GROWTH. Define GDP Circular flow model Relationship between aggregate expenditure and aggregate income. Measurement of real GDP and the GDP deflator Real GDP as a measure of economic growth and the limitations of our measure. Gross Domestic Product .

950 views • 45 slides

THE CIRCULAR FLOW MODEL

THE CIRCULAR FLOW MODEL. Complicating the Model. 1. Goods and services flow from a. firms to households via the factor market b. firms to households via the product market c . households to firms via the government d. households to firms via the factor market

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The Market System and Circular Flow

The Market System and Circular Flow. Chapter 2. Economic Systems. Economic System A particular set of institutional arrangements and a coordinating mechanism to respond to the economizing problem . Economic Systems. Differ in 2 Ways Who owns the Factors of Production

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Chapter 1 What is economics?

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Sponge:

Sponge:. 1)As a factor of production, physical capital includes which of the following? A. tools, equipment, and factories B. forests and mineral deposits C. factory workers and factories D. managers, tools, and equipment 2) The three basic economic questions are ____.

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Economic Systems

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U.S. and Global Economies

2. U.S. and Global Economies. CHECKPOINTS. Checkpoint 2.3. Checkpoint 2.1. Checkpoint 2.2. Clicker version. Clicker version. Clicker version. Problem 1. Problem 1. Problem 1. Clicker version. Problem 2. Problem 2. Clicker version. Problem 2. Problem 3. Clicker version.

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The Dismal Science as We Know It

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INTERDEPENDENCE & THE CIRCULAR FLOW MODEL

INTERDEPENDENCE & THE CIRCULAR FLOW MODEL. What are the 3 major sectors of the economy?. Households Businesses Government. What are the 4 Productive Resources?. Land (natural resources) Labor (human resources) Capital (Tools, equipment, buildings) Entrepreneurship (New business

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Chapter 18, Lesson 2

Chapter 18, Lesson 2. Economic Flow and Economic Growth. The Circular Flow Model. A model is a graph or diagram used to explain something. The circular flow model shows how resources, good and services, and money flow between businesses and customers.

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Circular Flow of Economic Activity

Circular Flow of Economic Activity. Georgia Standard . SSEMI1 The student will describe how households, businesses, and governments are interdependent and interact through flows of goods, services, and money.

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Business Cycle & Circular Flow Model

Business Cycle & Circular Flow Model. RECOVERY. PRODUCTION INCREASES PEOPLE GO BACK TO WORK SPENDING INCREASES DEMAND STIMULATES PRODUCTION BUSINESSES MAY START TO INNOVATE A NEW PRODUCTS PROFITS INCREASE, BUSINESS GROWS, ECONOMIC ACTIVITY SOARS. PROSPERITY. LOW UNEMPLOYMENT

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Circular Flow Model

Circular Flow Model. Economists use the circular flow diagram to illustrate the basic mechanics of an economy and to illustrate the basic function of markets. Money flows in one direction while goods, services, and the factors of production flow in the opposite direction. .

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Definitions

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The Fundamental Economic Problem

The Fundamental Economic Problem. What is Economics?. Economics is the study of how we make decisions in a world where resources are limited. It is sometimes called the science of decision making. Needs vs. Wants.

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The Circular Flow

The Circular Flow. The simple circular flow model of the economy is designed to have us understand the basic operations of the economy. 8. Markets for factors of production (resources). 5. 1. 2. Households. Businesses. 4. 3. Markets for good and services. 7. 6.

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The Circular Flow

The Circular Flow. The simple circular flow model of the economy is designed to have us understand the basic operations of the economy. 8. Markets for factors of production. 5. 1. 2. Households. Businesses. 4. 3. Markets for good and services. 7. 6. The simple circular flow.

377 views • 9 slides