What is Economics?
Economic Choices
Scarcity
Scarcity
WHAT to produce?
HOW to produce?
For WHOM to produce?
Using Economic Models
Economic Models
Economic Models
Micro and Macro Economics
Making Economic Decisions
Trade-Offs
Opportunity Cost
Measures of Cost
Measures of Cost
Cost-Benefit Analysis
Being an Economically Smart Citizen
Understanding Your Role in the Economy
Understanding Your Role in the Economy
Understanding Your Role in the Economy
Understanding Your Role in the Economy
Making Wise Choices
The American Economy
Economic Resources
Producing Goods and Services
Factors of Production
Factors of Production
Factors of Production
Factors of Production
Factors of Production
Gross Domestic Product (GDP)
Gross Domestic Product (GDP)
Economic Activity and Productivity
The Circular Flow of Economic Activity
The Consumer Sector
The Business Sector
The Government Sector
The Foreign Sector
Productivity and Economic Growth
Productivity and Economic Growth
Productivity and Economic Growth
Productivity and Economic Growth
Capitalism and Free Enterprise
Features of Capitalism
Features of Capitalism: Markets
Features of Capitalism: Economic Freedom
Features of Capitalism: Private Property Rights
Features of Capitalism: Competition
Features of Capitalism: The Profit Motive
Features of Capitalism: Voluntary Exchange
Spread of Capitalism
Adam Smith and Capitalism