Ib chapter2

2-1 Economics and Decision Making 2-2 Basics of Economics 2-3 Economic Systems 2-4 Achieving Economic Development 2-5 Resources Satisfy Needs ENGLAND GERMANY FRANCE DENMARK SWEDEN PORTUGAL International Business Chapter 2 Our Global Economy [P.26-55]

A dual economy happens in must countries, it represents extreme levels of economic development. International Business Chapter 2

[object Object],[object Object],International Business Chapter 2-1 Economics & Decision Making Goals

[object Object],[object Object],The Basic Economic Problem Economics & Scarcity Concepts International Business Chapter 2-1

[object Object],[object Object],Making Economic Decisions International Business Chapter 2-1

Every time we decide how to use the time, money or energy we’re making an economic decision Time Energy $$ International Business Chapter 2-1 Economics & Decision Making Explained

What do I need or want. How can I have that. What are the advantages or disadvantages in each case. Based on #3 what is the best option. Do what have to be done Did it solve the problem? International Business Chapter 2-1 The Decision-Making Process

[object Object],[object Object],http://www.slideshare.net/lntrullin/supply-and-demand-1184484 International Business Chapter 2-2 Basics of Economics Price Inflation Key Words

[object Object],[object Object],[object Object],International Business Chapter 2-2 Price-Setting Activities CONCEPTS

Market Price Is Set by Supply and Demand Amount of Stuffed Animals Price per animal

Market Price Is Set by Supply and Demand $ $$$$ International Business Chapter 2-2 Price-Setting Activities

Market Price Is Set by Supply and Demand Product Price International Business Chapter 2-2 Price-Setting Activities D S $100 $80 $60 $40 $20 $10 $0 0 20 40 80 160 320

[object Object],[object Object],[object Object],International Business Chapter 2-2 Changing Prices

[object Object],[object Object],International Business Chapter 2-3 Economic Systems Economic Systems Goals

International Business Chapter 2-3 Economic Resources Satisfy Needs Capital Resources Human Resources Natural Resources Production Factors

[object Object],[object Object],International Business Chapter 2-3 Economic Resources Satisfy Needs Natural Resources Concept

[object Object],[object Object],Human Resources Concept International Business Chapter 2-3 Economic Resources Satisfy Needs

[object Object],[object Object],Capital Resources Concept International Business Chapter 2-3 Economic Resources Satisfy Needs

[object Object],[object Object],[object Object],[object Object],International Business Chapter 2-3 Economic Resources Satisfy Needs Economic Systems Types of

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],International Business Chapter 2-3 Economic Resources Satisfy Needs Economic Systems Types of

[object Object],[object Object],International Business Chapter 2-4 Achieving Economic Development Goals Technology Agricultural Dependency Literacy Development Factors

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Less- Developed Country Developing Country Industrialized Country International Business Chapter 2-4 Levels of Economic Development

[object Object],[object Object],Resources Satisfy Needs Goals International Business Chapter 2-5 The Economics of Foreign Trade

a country can produce a good or service at a lower cost than other countries exists when a country can produce a good or service with more efficiency than other countries. International Business Chapter 2-5 The Economics of Foreign Trade Absolut Advantage Comparative Advantage

[object Object],[object Object],[object Object],International Business Chapter 2-5 Measuring Economic Progress Measure of Production Key words Measures the output of goods produce in the country Measures the total value of all goods and services produced by the resources of a country

[object Object],[object Object],[object Object],[object Object],International Business Chapter 2-5 Measuring Economic Progress International Trade Activity Key words The differences between exports and imports The value of the money in relation to other currencies The amount of money the country owes to other countries

[object Object],[object Object],[object Object],International Business Chapter 2-5 Measuring Economic Progress International Trade Activity Key words Help consumers to make buying decisions. This measures inflation. Indicator of a country situation. No work, no money, no buying…

Homework Read the Newspaper!!!!!!! Find an article that involves International Business Get ready to talk about it next class…

Quiz One page. Write your name. Elaborate: How International Business affects you

Ib chapter2

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