tailieunhanh - Lecture Macroeconomics - Chapter 2: The economic problem:scarcity, wants, and choices

In this chapter you will learn: The foundation of economics, the nature of economic efficiency, how to achieve economic growth, the two general types of economic systems society can choose to co-ordinate production & consumption decisions, what the circular flow model is. | The Economic Problem: Scarcity, Wants, and Choices Chapter 2 SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn The foundation of economics The nature of economic efficiency How to achieve economic growth The two general types of economic systems society can choose to co-ordinate production & consumption decisions What the circular flow model is Chapter 2 Topics The Foundation of Economics Getting the Most From Available Resources Unemployment, Growth & the Future Economic Systems The Circular Flow Model The Foundation of Economics Society has virtually unlimited wants The Foundation of Economics Society has virtually unlimited wants But resources are limited or scarce UNLIMITED WANTS Goods & services provide utility Desire for a particular good can be satisfied, but not desire for goods in general RESOURCE CATEGORIES Property Resources RESOURCE CATEGORIES Property Resources Land RESOURCE CATEGORIES Property Resources Land Capital RESOURCE CATEGORIES . | The Economic Problem: Scarcity, Wants, and Choices Chapter 2 SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn The foundation of economics The nature of economic efficiency How to achieve economic growth The two general types of economic systems society can choose to co-ordinate production & consumption decisions What the circular flow model is Chapter 2 Topics The Foundation of Economics Getting the Most From Available Resources Unemployment, Growth & the Future Economic Systems The Circular Flow Model The Foundation of Economics Society has virtually unlimited wants The Foundation of Economics Society has virtually unlimited wants But resources are limited or scarce UNLIMITED WANTS Goods & services provide utility Desire for a particular good can be satisfied, but not desire for goods in general RESOURCE CATEGORIES Property Resources RESOURCE CATEGORIES Property Resources Land RESOURCE CATEGORIES Property Resources Land Capital RESOURCE CATEGORIES Property Resources Land Capital Notes INVESTMENT FINANCIAL CAPITAL REAL CAPITAL RESOURCE CATEGORIES Property Resources Land Capital Human Resources Labour RESOURCE CATEGORIES Property Resources Land Capital Human Resources Labour Entrepreneurial Ability ENTREPRENEURIAL ABILITY takes initiative makes policy decisions source of innovation bears the risk PROPERTY RESOURCES HUMAN RESOURCES ENTREPRENEUR PROFIT & LOSS LAND RENT CAPITAL INTEREST WAGES LABOUR Resource Payments Relative Scarcity resources are scarce or limited in supply ultimate constraints on production Chapter 2 Topics The Foundation of Economics Getting the Most From Available Resources Unemployment, Growth & the Future Economic Systems The Circular Flow Model Definition of Economics Social science concerned with using scarce resources to attain maximum fulfillment of society’s unlimited wants Doing the best with what we have Getting the Most from Available Resources Full employment: using available resources Full .

• Kinh tế học
• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Economic problem
• Foundation of economics
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
• publication
• transmitted
• electronic
• mechanical
• photocopy
• Individual markets
• Market equilibrium
• Market system
• Canadian economy
• Global economy
• International trade
• Measuring domestic output
• Income approach
• Economic growth
• Business cycle
• Aggregate expenditures model
• Equilibrium GDP
• Aggregate demand
• Aggregate supply
• Fiscal policy
• Legislative mandates
• Public debt
• Budget philosophies
• Canadian financial system
• Functions of money
• Balance sheet
• Chartered bank
• Monetary policy
• Bank of Canada
• New economy
• Trade barriers
• Exchange rates
• Balance of payments
• Economic models
• Functional notation