Economics

1
Syllabus
Bishop Lynch
2
(No Transcript)
3
.
TO
ECONOMICS
The science of scarcity
4
Economics Text
5
Weights for Tests, Quizzes, Homework

• Tests are 75 of grade
• Quizzes Homework are 25
• 1st Nine Weeks equals 40 of grade.
• 2nd Nine Weeks equals 40 of grade.
• Final Exam counts 20 of grade.

6
Economics Test Schedule

• Test 1 Basic Economic Concepts Ch. 1 and 2

Opportunity Cost 2nd choice
PPC
Resource Market
A
F
B
Circular Flow
Capital Goods
D
C
Product Market
Choices
Consumer Goods
Test 3 Supply Demand
Test 2Demand
S2
D1
D2
S
D
S1
P2
2.30
Im mad.
S3
1.30
E
P1
D3
1.00
P3
Q1
Q3
Q2
Q1
Q3
Q2
7
Economics Test Schedule
Test 4 Global Trade
Absolute Advantage can produce more or produce
quicker and Comparative Advantage can be
produced at a lower opportunity cost
What determines the strength of a currency?
1. Increase in taste 2. Increase in In. rates 3.
Decrease in PL 4. Decrease in income
1. Decrease in taste 2. Decrease in In. rates 3.
Increase in PL 4. Increase in income
Strong Dollar
Weak Dollar
Test 5 GDP, NIA, Bus. Cy., Inflation,
Unemployment
Peak
Peak
Expansion
Expansion
Contraction
Trough
8
Test Schedule
Test 6 Money, Banking, Mon. Creation Fed
This is the hard test.

• Test 7 Business Organizations

Money Creation
Sole Proprietorships
Partnerships
Corporations
Franchises
Test 8 Market Structures competition
TXU Electric
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
Test 9 Taxes, Deficits the Debt
Test 10 Final comprehensive
9
The End