Chapter 1 Ten Principles of Economics课件.ppt

A Lecture Presentation in PowerPoint to Accompany;Ten Principles of Economics;;Economy. . . ;A household and an economy face many decisions:;Society and Scarce Resources:;Scarcity . . .;Economics;Economists study. . . ;Ten Principles of Economics;Ten Principles of Economics;Ten Principles of Economics;1. People face tradeoffs.;1. People face tradeoffs.;1. People face tradeoffs.;2. The cost of something is what you give up to get it.;2. The cost of something is what you give up to get it.;3. Rational people think at the margin.;4. People respond to incentives.;LA Laker basketball star Kobe Bryant chose to skip college and go straight to the NBA from high school when offered a $10 million contract.;5. Trade can make everyone better off.;6. Markets are usually a good way to organize economic activity.;6. Markets are usually a good way to organize economic activity.;6. Markets are usually a good way to organize economic activity.;7. Governments can sometimes improve market outcomes.;7. Governments can sometimes improve market outcomes.;7. Governments can sometimes improve market outcomes.;7. Governments can sometimes improve market outcomes.;8. The standard of living depends on a country’s production.;8. The standard of living depends on a country’s production.;8. The standard of living depends on a country’s production.;9. Prices rise when the government prints too much money.;10. Society faces a short-run tradeoff between inflation and unemployment.;Summary;Summary;Summary;结 束