Jim Charkins
1: What is Economics
Economics: a method for deciding how to use scarce resources to achieve goals Principle #1: People choose; there is no such choice as a...
top of page
Resources
Jim Charkins
2: Human Capital
Human Capital: The combination of skills, knowledge, experience and personal qualities that help to achieve goals Principle 3: Skills,...
36 views
Jim Charkins
3: Benefit Cost Analysis
Making Informed Decisions: a skill for life Principle #1: People choose; there is no such choice as a free choice. Objectives: Identify...
41 views
Jim Charkins
4: Thinking at the Margin
Principle 4: People usually decide at the margin (Give a little; get a little) Objectives: Distinguish total decisions from marginal...
26 views
mrgf32
5a: Incentives, Property Rights, Resources
Principle #5: People respond to incentives: there are often unintended consequences. Objectives: Identify the incentives and...
33 views
Jim Charkins
5b: Incentives: Perverse Incentives, Unintended Consequences
Principle #5: People respond to incentives; there are often unintended consequences Objectives: State and give examples of the Law of...
43 views
Jim Charkins
6a: Two Principles of Exchange
Principle #4: Voluntary and informed exchange benefits the traders. Objectives: Give examples of two principles of exchange Why do you...
17 views
Jim Charkins
6b: Specialization in Production
Principle #4: Voluntary and informed exchange benefits the traders Objectives: Identify the tradeoff between efficiency and...
10 views
Jim Charkins
6c: Money facilitates exchange by reducing transaction costs.
Principle 4: Voluntary and informed exchange benefits the traders. Objectives: Define mutual coincidence of wants Define and give...
12 views
Jim Charkins
7a: The Market System
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives. Objectives: Define a...
11 views
Jim Charkins
7b: Buyers and Sellers come together
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives. Objectives: State and...
10 views
Jim Charkins
7c: Relative Price and Relative Scarcity
Principle #6: Markets work well with competition, the rule of law, information, incentives, and property rights. Objectives: Recognize...
5 views
Jim Charkins
8a: Determinants of Demand and Supply
Principle 6 Markets work well with competition, the rule of law, information, incentives, and property rights Objectives List some events...
5 views
Jim Charkins
8b: Moving Markets
Principle #6: Markets work well with competition, the rule of law, information, incentives, and property rights. Objective: Determine the...
9 views
Jim Charkins
8c: Marginal Market Incentives
Learning Objective Provide examples of marginal pricing that influences the use of scarce resources Why you want to learn this This...
4 views
Jim Charkins
8d: Missing Markets
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives Standards: 12.2 Students...
7 views
Jim Charkins
8e: Price Floors and Ceilings
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives Principle 7: Public...
12 views
Jim Charkins
9a: Labor Markets – Make Yourself Scarce
Principle 3: Skills, knowledge, experience and personal qualities (human capital) influence the ability to achieve goals. Principle 6:...
6 views
Jim Charkins
9b: Credit Markets
Principle 6: Markets work well with competition, the rule of law, information, incentives, and property rights. Principle 8: Fiscal and...
4 views
Jim Charkins
9c: Compound Interest
Save early and save often. You work hard for your money; shouldn’t your money work for you? Principle #3: People usually decide at the...
4 views
bottom of page