Masalah ekonomi.ppt

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    2 - 1Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    The

    Economi"in#

    Pro$lem%C & ' P T E (

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    2 - 2Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    T&E F)U*'T+) )F

    EC))M+CS

    SOCIETY HAS VIRTUALLY

    UNLIMITED WANTS...

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    2 - 3Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    BUT LIMITED OR SCARCE

    PRODUCTIVE RESOURCES!

    SOCIETY HAS VIRTUALLY

    UNLIMITED WANTS...

    T&E F)U*'T+) )F

    EC))M+CS

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    2 - 4Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    G))*S SE(-+CES P()-+*E...

    UTILITY

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    2 - 5Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    LUXURIES

    G))*S SE(-+CES P()-+*E...

    UTILITY

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    Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PROPERTY RESOURCES

    LAND

    SC'(CE (ES)U(CES

    ECONOMIC RESOURCES

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    Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PROPERTY RESOURCES

    LAND

    CAPITAL

    SC'(CE (ES)U(CES

    ECONOMIC RESOURCES

    Notes...

    INVESTMENT

    FINANCIALCAPITAL

    REALCAPITAL

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    2 - 10Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PROPERTY RESOURCES

    LAND

    CAPITAL

    HUMAN RESOURCES

    SC'(CE (ES)U(CES

    ECONOMIC RESOURCES

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    2 - 11Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PROPERTY RESOURCES

    LAND

    CAPITAL

    HUMAN RESOURCESLABOR

    SC'(CE (ES)U(CES

    ECONOMIC RESOURCES

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    2 - 12Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PROPERTY RESOURCES

    LAND

    CAPITAL

    HUMAN RESOURCESLABOR

    ENTREPRENEURIAL ABILITY

    SC'(CE (ES)U(CES

    ECONOMIC RESOURCES

    A/K/AFactors

    Of

    Pro!ct"o#

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    2 - 13Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    ET(EP(EEU(+'/

    '0+/+T1

    Ta2es The +nitiative

    Ma2es Policy *ecisions

    +nnovator

    The (is2 0earer

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    2 - 14Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    (ES)U(CE P'1METS

    RENTAL

    INCOME

    INTERESTINCOME

    WAGES

    PROFIT &

    LOSS

    PROPERTY RESOURCES

    LAND

    CAPITAL

    HUMAN RESOURCES

    LABOR

    ENTREPRENEUR

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    2 - 15Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Productive Efficiency

    Full Employment

    Full Production

    'llocative Efficiency

    EC))M+CS EFF+C+EC1

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    2 - 16Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    P()*UCT+) P)SS+0+/+T+ES

    Assumes...Efficiency

    Fi!ed (esources

    Fi!ed Technolo#yTwo Products

    for exam

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    2 - 17Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    P()*UCT+) P)SS+0+/+T+ES

    Assumes...Efficiency

    Fi!ed (esources

    Fi!ed Technolo#yTwo Products

    for exam

    P+33'

    A Consumer Good

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    2 - 18Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    P()*UCT+) P)SS+0+/+T+ES

    Assumes...Efficiency

    Fi!ed (esources

    Fi!ed Technolo#yTwo Products

    for exam

    ()0)

    T'(MS

    A Capital Good

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    2 - 1Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Using all o o" "eso"#es$ toget so%e &i''a$ (e %st gi)e

    & so%e "o*ot a"%s!

    for example

    What if we could only p$%&%%% Ro'ot Ar(s

    o"

    )%%&%%% P"**as

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 20Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 21Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    graphical form

    Ro'

    ots

    0t1o!s

    a#s2

    P"**as 01!#r3 t1o!sa#s2

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 22Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    graphical form

    Ro'

    ots

    0t1o!s

    a#s2

    P"**as 01!#r3 t1o!sa#s2

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 23Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    graphical form

    Ro'

    ots

    0t1o!s

    a#s2

    P"**as 01!#r3 t1o!sa#s2

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 24Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    graphical form

    Ro'

    ots

    0t1o!s

    a#s2

    P"**as 01!#r3 t1o!sa#s2

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 25Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    graphical form

    Ro'

    ots

    0t1o!s

    a#s2

    P"**as 01!#r3 t1o!sa#s2

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 26Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    PI++A % $ , - )+in ,n-"e- t,osan-s

    Ro'ots $% ) %+in t,osan-s

    in table form

    graphical form

    Ro'

    ots

    0t1o!s

    a#s2

    P"**as 01!#r3 t1o!sa#s2

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 27Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment and

    Efficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    At an/ &oint in ti%e$

    a ll0e%&lo/%ent$ ll0&"o-#tion e#ono%/

    %st sa#"ii#e so%e o&"o-#t1to o*tain

    %o"e o &"o-#t Y.

    P()*UCT+) P)SS+0+/+T+ES

    Limited Resourca limited output.

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    2 - 28Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    4

    44

    Ro'

    ots0t1o!sa#s2

    P"**as 01!#r3 t1o!sa#s2

    $)$-$,$$$%567)

    -,$

    $ , - ) 7 6 5

    A B

    C

    D

    E

    8

    Attaina*le

    *tInei#ient

    Unattaina*le

    Attaina*le

    2 Ei#ient

    P()*UCT+) P)SS+0+/+T+ES

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=analogies2-2
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    2 - 2Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    4

    4

    Ro'

    ots0t1o!sa#s2

    P"**as 01!#r3 t1o!sa#s2

    $)$-$,$$$%567)

    -,$

    $ , - ) 7 6 5

    A B

    C

    D

    E

    8

    Attaina*le

    *tInei#ient

    Unattaina*le

    Attaina*le

    2 Ei#ient

    P()*UCT+) P)SS+0+/+T+ES

    Not3s...

    T,e a%ont o ot,e"

    &"o-#ts t,at %st *eo"gone o" sa#"ii#e- to

    o*tain 3 nit o a s&e#ii#

    &"o-#t is #alle- t,e

    o&&o"tnit/ #osto t,atgoo-.

    LAW O4 INCREASIN5

    OPPORTUNITY COSTS

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-3http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-3
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    2 - 30Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    44

    44

    Ro'

    ots

    Ro'

    ots0t1o!sa#s2

    0t1o!sa#s2

    P"**asP"**as 01!#r3 t1o!sa#s201!#r3 t1o!sa#s2

    $)$)$-$-

    $,$,

    $$$$

    $%$%

    55

    66

    77

    ))

    --,,

    $$

    $ , - ) 7 6 5$ , - ) 7 6 5

    A B

    C

    D

    E

    8

    Attaina*le

    *tInei#ient

    Unattaina*leUnattaina*le

    Attaina*leAttaina*le

    2 Ei#ient2 Ei#ient

    P()*UCT+) P)SS+0+/+T+ES

    Not3s...LAW O4 INCREASIN5

    OPPORTUNITY COSTSA g"a&, o t,e &"o-#tion

    &ossi*ilities #")e (ill *eCONCAVE0 *o(e- ot "o%

    t,e o"igin.

    E#ono%i# "eso"#es a"enot #o%&letel/ a-a&t0

    a*le to ot,e" ses.

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    2 - 31Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

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    Slide

    End

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    P

    4Mar9"#

    a:B3#3f"t;

    Cost

    4!a#t"t< of P"**as

    =$7

    $%

    7

    $ , -

    P()*UCT+) P)SS+0+/+T+ES

    MC

    MB

    Allocative Efficiency: MB=MC

    MB>MC

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    2 - 32Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    4

    4

    Ro'

    ots0t1o!sa#s2

    P"**as 01!#r3 t1o!sa#s2

    $)$-$,$$$%567)

    -,$

    $ , - ) 7 6 5

    U

    Une%&lo/%ent 2Un-e"e%&lo/%ent

    S,o(n */ Point U

    Mo"e o eit,e" o"

    *ot, is &ossi*le

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 33Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

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    4

    4

    Ro'

    ots0t1o!sa#s2

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    -,$

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    U

    Une%&lo/%ent 2Un-e"e%&lo/%ent

    S,o(n */ Point U

    Mo"e o eit,e" o"

    *ot, is &ossi*le

    P()*UCT+) P)SS+0+/+T+ES

    Not3s...E#ono%i# 5"o(t,

    T13 a'":"t< to ?ro!c3

    a :ar93r tota: o!t?!t @a r"91tar s1"ft oft13 ?ro!ct"o#?oss"'":"t"3s c!rv3

    ca!s3 '

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    2 - 34Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    4

    4

    Ro'

    ots0t1o!sa#s2

    P"**as 01!#r3 t1o!sa#s2

    $)$-$,$$$%567)

    -,$

    $ , - ) 7 6 5

    U

    Une%&lo/%ent 2Un-e"e%&lo/%ent

    S,o(n */ Point U

    Mo"e o eit,e" o"

    *ot, is &ossi*le

    P()*UCT+) P)SS+0+/+T+ES

    Not3s...E#ono%i# 5"o(t,$ @ I#cr3as3s "#

    r3so!rc3s @

    , @ B3tt3r r3so!rc3!a:"t< @

    - T3c1#o:o9"ca:ava#c3s

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    2 - 35Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    EconomicGrowth

    4

    4

    Ro'

    ots0t1o!sa#s2

    P"**as 01!#r3 t1o!sa#s2

    $)$-$,$$$%567)

    -,$

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    A

    B

    C

    D

    E

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 36Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Two Examples ofEconomic GrowthFAVORINPRESENT OODS

    5oo-s o" t,e P"esent5oo-so

    "t,e4!t!"e

    5oo-so

    "t,e4!t!"e CURRENT

    CURVE

    4UTURE

    CURVE

    CONSUMPTION

    P()*UCT+) P)SS+0+/+T+ES

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    2 - 37Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Two Examples ofEconomic GrowthFAVORINPRESENT OODS

    FAVORINFUTURE OODS

    5oo-s o" t,e P"esent

    5oo-so

    "t,e4!t!"e CURRENT

    CURVE

    4UTURE

    CURVE

    CONSUMPTION

    5oo-s o" t,e P"esent5oo-so

    "t,e4!t!"e

    4UTURE

    CURVE

    CONSUMPTION

    CURRENT

    CURVE

    P()*UCT+) P)SS+0+/+T+ES

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-4
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    2 - 38Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Applications... Une%&lo/%ent an-P"o-#ti)e Inei#ien#/

    P()*UCT+) P)SS+0+/+T+ES

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-4
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    2 - 3Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Applications... Une%&lo/%ent an-P"o-#ti)e Inei#ien#/

    T"a-eos an-

    O&&o"tnit/ Costs

    P()*UCT+) P)SS+0+/+T+ES

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-4
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    2 - 40Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    Applications... Une%&lo/%ent an-P"o-#ti)e Inei#ien#/

    T"a-eos an-

    O&&o"tnit/ Costs

    S,its an- t,e P"o-#tionPossi*ilities C")e

    P()*UCT+) P)SS+0+/+T+ES

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-4
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    2 - 41Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    EC))M+C S1STEMS

    THE MAR6ET SYSTEMP"e Ca&italis%

    Laisse'0ai"e

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-4
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    2 - 42Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    EC))M+C S1STEMS

    THE MAR6ET SYSTEMP"e Ca&italis%

    Laisse'0ai"e

    THE COMMAND SYSTEM

    So#ialis%Co%%nis%

    C+(CU/'( F/)4 M)*E/

    http://www.mhhe.com/cgi-bin/mcbrue15.pl?url=origin2-4
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    2 - 43Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    C+(CU/'( F/)4 M)*E/

    BUSINESSES OUSEOLDS

    RESOURCEMARKET

    PRODUCTMARKET

    C+(CU/'( F/)4 M)*E/

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    2 - 44Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    BUSINESSES OUSEOLDS

    RESOURCEMARKET

    RESOURCES INPUTS

    PRODUCTMARKET

    C+(CU/'( F/)4 M)*E/

    C+(CU/'( F/)4 M)*E/

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    2 - 45Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    BUSINESSES OUSEOLDS

    RESOURCEMARKET

    RESOURCES INPUTS

    = COSTS = INCOMES

    OODS ;OODS ;SERVICESSERVICES

    OODS ;OODS ;SERVICESSERVICES

    PRODUCTMARKET

    C+(CU/'( F/)4 M)*E/

    C+(CU/'( F/)4 M)*E/

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    2 - 46Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    BUSINESSES OUSEOLDS

    RESOURCEMARKET

    RESOURCES INPUTS

    = COSTS = INCOMES

    PRODUCTMARKET

    OODS ;SERVICES

    OODS ;SERVICES

    C+(CU/'( F/)4 M)*E/

    C+(CU/'( F/)4 M)*E/

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    2 - 47Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    BUSINESSES OUSEOLDS

    RESOURCEMARKET

    RESOURCES INPUTS

    = COSTS = INCOMES

    PRODUCTMARKET

    OODS ;SERVICES

    OODS ;SERVICES

    = CONSUMPTION= REVENUE

    C+(CU/'( F/)4 M)*E/

    C+(CU/'( F/)4 M)*E/

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    2 - 48Copyright McGraw-Hill/Irwin, 2002

    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    C+(CU/'( F/)4 M)*E/

    BUSINESSES OUSEOLDS

    RESOURCEMARKET

    RESOURCES INPUTS

    = COSTS = INCOMES

    PRODUCTMARKET

    OODS ;SERVICES

    OODS ;SERVICES

    = CONSUMPTION= REVENUE

    Chapter

    Conclusions

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    economizing problem

    utility

    economic resourceslan

    capital

    in!estment

    laborentrepreneurial ability

    "actors o" prouction

    "ull employment"ull prouctionproucti!e e""iciencyallocati!e e""iciencyconsumer gooscapital goos

    prouction possibilities table

    prouction possibilities cur!e

    opportunity costla# o" increasing opportunity

    costs

    economic gro#t$

    economic system

    mar%et system

    capitalism

    comman system

    resource mar%et

    prouct mar%et

    circular "lo# moel

    Copyright McGraw-Hill/Irwin, 2002 BACK END

    http://var/www/apps/conversion/tmp/scratch_1/%23Slide%2076http://var/www/apps/conversion/tmp/scratch_1/%23Slide%2076
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    The Foundation

    of Economics

    Employment andEfficiency

    Unemployment,

    Growth, and th

    e Future

    Economic Syst

    ems

    The Circular F

    low Model

    Key Terms

    Previous

    Slide

    e!t

    Slide

    End

    Show

    INDIVIDUAL MARKETS

    DEMAND 2 SUPPLY

    C,a&te" 7

    Coming Soon