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Economics

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Planet Money Podcast Summaries

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Brian Tessler AP Economics Teacher August 30, 2012 ?Planet Money? Summaries Episode 382: The Cool Kids Don?t Want to Go Public (June 26th) I learned that young entrepreneurs are trending towards selling their companies rather than going public, which is hurting the economy. In the past, the public?s ability to buy shares in a company led to a more balanced distribution of wealth, as opposed one man or corporation purchasing a company and keeping it private. I would like to know if business owners are leaning towards selling their company because it is an easier and quicker way to gain profit. This affects the factor market because it is leading to less companies being bought and sold on the public stock market.

Economics Unit 1 Notes

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AP Economics

Economics for Dummies Written by: Nathan Roberts, Ena Silva, Melissa Atwood and Tamara Hatch Editor: Nathan Roberts Artwork by: Ena Silva Preface "Economics for Dummies" began as a quarter project for Mr. Bremer's Econmics class. The project was meant to be an economics handbook for the common-sense person. The four group members were Nathan Roberts, Ena Silva, Melissa Atwood, and Tammy Hatch. Table of Contents I. Introduction II. The Science of Economics 1. Scarcity 2. Opportunity Costs 3. The four questions 4. Characteristics of a Market Economy 5. The Factors of Production 6. Circular Flow 7. The Invisible Hand 8. The Law of Demand 9. The Law of Supply 10. Equilibrium Price 11. Clarification

Econ CHapter 1

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Thu Ngo Per.3 Econ Ch.1 1,3,4,7,8,9,10 a. The principle touched upon in this scenario is that people will seek to exploit opportunities to benefit themselves. b. The principle would be that resources are scarce. This is because I would only have a limited amount of resources, in this case money. Another would be opportunity costs for I would have to give up buying something to purchase another. c. By setting up a website, the student union is touching upon the principle of markets fostering efficiency. The website allows people to sell or provide buyers with a product. This is an efficient use of resources, for it the students were to simply give the items away, the recipient may not need it.

CH. 2 econ outline

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outline chapter 2

A model in econ -a simplified rep to understand real situations use to study effect of once chance with others same other things equal assumption all other factors stay same hard to create small scale and program thought experiment is most usful real life hypothetical ? cashier lanes models PPF Simp econ pruduce two goods Illustrate efficiency No make better without worse off No produce more without produce less of another Opp cost increase When small amount, use well suited resources Start using more less suited so have to use more, which means less another Econ growth Grow ability to produce goods Comparative Comparative advantage Lower op cost in production than others As long as diff opp cost, there are comp adv Abs advantage

lj'ou'

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food was a huge thing for society because that is what they need everyday to survive, plus without food most of the population would drop in number and eventually disappear.
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food was a huge thing for society because that is what they need everyday to survive, plus without food most of the population would drop in number and eventually disappear.

Corridor Chart

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Economics
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Corridor Cost for Building of Corridor (in millions of dollars) Cost for Maintenance per Year (in millions of dollars) Pacific North-West 1,631 65.24 California 2,800 112 Chicago Hub Network 10,500 420 South Central 3,479 139.16 Gulf Coast 3,577 143.08 Florida 2,268 90.72 Keystone 1,221.5 48.86 Empire 2,250.5 90.02 Northern New England 140 68.46 South East Corridor 1,680 67.2
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MicroEconomy Chapter 5

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Micro Economy

Text transcription of Chapter 5 ? Elasticity and Its Application Welcome to the Chapter 5 Lecture on Elasticity and Its Application. We are going to start the quantitative portion of the course in chapter 5. The math in this chapter is not complicated, but it is important that you use the correct formulas when doing the calculations.

Micro Economy Chapter 4

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Microeconomics

Text transcription of Chapter 4 ? The Market Forces of Supply and Demand Welcome to the Chapter 4 Lecture on the Market Forces of Supply and Demand. This is the longest chapter for Unit 1, with the most material. We will use the concepts of supply and demand throughout the rest of the semester. It is very important that you understand these concepts now; otherwise future chapters will be very confusing.

AP Economics Quiz over Ch. 1

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Name: Period: Date: AP ECONOMICS CH. 1 QUIZ An example of causation fallacy is: Other things equal Post Hoc Fallacy Ceteris Paribus The idea that ?the role of economic theorizing is to systematically arrange facts, interpret them, and generalize from them? is the basic concept of: Theoretical Economics Analytical Economics Normative Economics Please list the three steps for creating policies in Policy Economics How many types of market economies are there? 2 4 6 All of the following are considered accepted American economic goals EXCEPT? Economic growth Full unemployment Economic efficiency True or False Macroeconomics concerns the study of specifics like the current price of tea in China.

Capitalism vs. Communism

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Economics
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Capitalism vs. Communism

Communism first came around when Friedrich and Engels published the "Communist Maniphesto" in 1848. They believed that this sort of system will create equality among all people, will close the gap between the rich and the poor, and will create a society in which everyone will pool their resources together in order to share the same resources for everyone to use. The first communist country was Russia, when in 1917; Vladimir Lenin and his supporters uprooted Czar Nicholas II from power and put forth the ideas of communism into practice, into the governmental system. Now the only pro that I can think for communism is I believe that it is a perfect governmental system, were this world a perfect world without greedy, ambitious, inhabitants.

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