BUS110 Chap 2 - Understanding How Economics Affects Business

The MAJOR BRANCHES of ECONOMICS * What Is Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG1 * 2-

RESOURCE DEVELOPMENT * ,[object Object],[object Object],What Is Economics? LG1 * 2-

THOMAS MALTHUS and the DISMAL SCIENCE * The Secret to Creating a Wealthy Economy ,[object Object],[object Object],[object Object],LG1 * 2-

ADAM SMITH the FATHER of ECONOMICS * Adam Smith & the Creation of Wealth ,[object Object],[object Object],[object Object],[object Object],LG1 * 2-

ADAM SMITH the FATHER of ECONOMICS ,[object Object]

Three Economic Systems 2- Communism Socialism Capitalism Mixed High Control Little Control Government

CAPITALISM * * Understanding Free-Market Capitalism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG2 2-

Free-Market Capitalism Rights 2- ,[object Object],[object Object],[object Object],[object Object]

SOCIALISM * * Understanding Socialism ,[object Object],[object Object],[object Object],[object Object],[object Object],LG3 2-

COMMUNISM * * Understanding Communism ,[object Object],[object Object],[object Object],[object Object],LG3 2-

Where is This? ,[object Object],[object Object],2-

MIXED ECONOMIES * * The Trend Toward Mixed Economies ,[object Object],[object Object],[object Object],LG4 2-

GROSS DOMESTIC PRODUCT * * Gross Domestic Product ,[object Object],[object Object],[object Object],[object Object],[object Object],LG5 2-

US GROSS DOMESTIC PRODUCT Recession

PRODUCTIVITY * * Productivity in the United States ,[object Object],[object Object],LG5 2-

BUSINESS CYCLES * * The Business Cycle ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG5 2-

FISCAL POLICY * * Stabilizing the Economy Through Fiscal Policy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG6 2-

MONETARY POLICY * * Using Monetary Policy to Keep the Economy Growing ,[object Object],[object Object],[object Object],[object Object],[object Object],LG6 2-

BUS110 Chap 2 - Understanding How Economics Affects Business

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BUS110 Chap 2 - Understanding How Economics Affects Business

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