Slide 1Vocabulary Adam Smith- Father of capitalism. He argued his beliefs in his book “The Wealth of Nations” Karl Marx- Father of communism. Advocated the violent…
Slide 1 0 CHAPTER 25 PRODUCTION AND GROWTH Education Govt can increase productivity by promoting education–investment in human capital (H). public schools, subsidized…
Slide 1 CHAPTER 11 Money and Banking Slide 2 Section 1: The Evolution of Money Main Idea: money is any substance that functions as a medium of exchange, a measure of value,…
Slide 1 L.E.Q.: What are the different economic systems? Step One: Students will understand the three major types of economic systems. Slide 2 Traditional Economy A traditional…
MACROECONOMIC ENVIRONMENT 1. INTRODUCTION What Is Macroeconomics? Macroeconomics is the study of the behavior of the economy as a whole and the policy measures that the government…
Slide 1 Slide 2 Economics: The study of how people choose to use resources based on wants vs. needs and Benefit vs. Cost Wants Everyone has wants. The most basic are food,…
Learning Objectives Realize how the Federal Open Market Committee chooses an economic target and a policy lever to reach that target Understand the mechanics of the federal…
Malaysia 2015 - 2010: Macroeconomic issues Tim Fipps, November 2013 1 TABLE OF CONTENT 1. Introduction ....................................................................................................................…