I want to talk to you about a four-letter word:

Intro To Economics

Needs:

In Economics:Need = there are no other substitutes.

Your list of Needs

Want = everything else that you desire. a way of communicating a “need”

basics for survival

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I want to talk about a four-letter word thatbegins with the letter

Welcome To

What's FREE On The Internet!

Tell me what is

It doesn’t cost anyone, anything!

Intro To Economics

Needs:

In Economics:Need = there are no other substitutes.

Your list of Needs

Want = everything else that you desire. a way of communicating a “need”

basics for survival

Writ

e Thi

s Dow

n

Intro To Economics

In Economics:Need = there are no other substitutes.

Want = everything else that you desire. a way of communicating a “need”

basics for survival

Writ

e Thi

s Dow

n

Free = it doesn’t cost anything to anyone i.e. sunshine

$80

Intro To Economics

In Economics:Need = there are no other substitutes.

Want = everything else that you desire. a way of communicating a “need”

basics for survival

Writ

e Thi

s Dow

n

Free = it doesn’t cost anything to anyone i.e. sunshine

Gratuitous = when someone decides to givean item without charging you

Economics is the study of how individualsand societies, experiencing virtually limitlesswants, choose to allocate their scarce resources to satisfy their wants.

What is ECONOMICS?

WantsUnlimited

>Availability

ofResources

Limited

Scarcity means:

Economics Scarcity=

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http://www.brocktoon.net/img/ronald_reagan.jpg

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http://www.frbsf.org/federalreserve/people/officers/yellen.jpg

Janet L. YellenPresidentFederal Reserve Bank of San Francisco

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http://SRE.gob.mx

Carlos Salinas de Gortari 1988 -1994

Former Presidents of Mexico

Ernesto Zedillo 1994 - 2000

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http://www.whatsyourmotto.com/images/scott-adams-with-dilbert.jpg

Prime MinistersIndia South Korea

Former

Iceland Russia

Canada Turkey Netherlands Ukraine

Former

EconomistsRun

The World

From: Wall Street Journal, January 4, 2005

Top Degrees in DemandThe list of employers'10 most sought-after majors has changed little from past surveys, continuing to favor students with specific business skills, rather than a liberal-arts background. The top degrees in demand at the bachelor's level are:

1. Accounting2. Electrical engineering3. Mechanical engineering4. Business administration/management5. Economics/finance6. Computer science7. Computer engineering8. Marketing/marketing management9. Chemical engineering10. Information sciences and systems

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