'Circular flow' presentation slideshows

Do Now.

Do Now.

1.36k views • 109 slides

Economic Analysis for Business

Economic Analysis for Business. Chapter 12 The Basic Keynesian Macroeconomic Model. Aim in studying macroeconomics. what causes the level of output to deviate from its highest potential level attempts to explain why unemployment exists attempts to explain why inflation occurs

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Pump Primer

Pump Primer. Identify the two questions that help determine whether an economy is capitalistic or socialistic. Unit II: Economics of the Nation. Chapter 5: What Is the Economic Problem? Chapter 6: Economic Systems. Objectives. Identify the economic problem

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Gross Domestic Product

Gross Domestic Product . GDP Defined GDP or gross domestic product is the market value of all final goods and services produced in a country in a given time period. This definition has four parts: Market value Final goods and services Produced within a country In a given time period.

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Introduction to Economics Mr. Prashant

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FUNDAMENTALS OF ECONOMICS

The Assignment Help website has a cohesive, easy to navigate design. Assignmenthelp.net is truly valuable for students of all grade levels across abundant fields of study.

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Economic Systems

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The Market System and the Circular Flow

The Market System and the Circular Flow. 2. Economic Systems. Set of institutional arrangements Coordinating mechanism Differences in systems exist by: Who owns the factors of production What method is used to motivate, coordinate, and direct economic activity. LO1. The Command System.

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Fundamental Economic Problem

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The Circular Flow of Economic Activity

The Circular Flow of Economic Activity. Consumers. Consumers play 3 roles in the economy Consumer -- user of goods and services. Free to choose. Can spend now for immediate wants or save for future consumption. Worker -- producer of goods and services. Earner of income.

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Basic Economic Concepts

Basic Economic Concepts. Economics has its own vocabulary. Fortunately, most economic terms are widely used and will already be familiar. I. Needs and Wants. A need is a basic requirement for survival. A want is a means of expressing a need. . II. Products.

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The Market System and Circular Flow

The Market System and Circular Flow. ECO 2013 Chapter 2 Prof. Maria Mari 2007. Economic Systems. A particular set of institutional arrangements and a coordinating mechanism to respond to the economizing problems. Determines. What goods are produced? How they are produced? Who gets them?

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The American Economy

The American Economy. By Salma Hussein. Introduction.

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Leaders in finance, accounting and business advice

Circular Flow of Income. Leaders in finance, accounting and business advice. Business Systems. Circular Flow of Income. Y = Income C = Consumption Expenditure S = Savings I = Investment T = Taxation G = Government Expenditure M = Imports X = Exports.

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Circular Flow & GDP

Circular Flow & GDP. How the U.S. Economy works. Branches of Economics. Microeconomics --studies economic behavior & decision making of small units: individuals, families, businesses Macroeconomics --studies economic behavior & decision making of entire economies.

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Introduction to Microeconomics

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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.

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Macroeconomic Questions

Macroeconomic Questions. Why does output fluctuate? What determines economic growth? Why do we have unemployment, and why is unemployment a problem? Why do we have inflation, and why is inflation a problem? Which governmental policy affects output, growth, unemployment, and inflation?

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