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world economics

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jordan hadlock

on 16 December 2016

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Transcript of world economics

World Economics
Jordan Hadlock
Government- Communist State
Head of State- President
Head of Government- President
Economy- Command
GDP- $128.5 Billion
Currency- Cuban Pesos
Exchange Rate- 18.43
Cuba- North America
Government- Federal Presidential Republic
Head of State- President
Head of Government- President
Economy- Mixed
GDP- $3.192 Trillion
Currency- Reals(BRL)
Exchange Rate- 3.3315


Brazil - South America
Government- Presidential Republic
Head of State- President
Head of Government- Prime Minister
Economy- Mixed
GDP- $1.048 Trillion
Currency- Egyptian Pound
Exchange Rate- 7.7133
Egypt - Africa
Government- Federal Parliamentary Republic
Head of State- President
Head of Government- Chancellor
Economy- Mixed
GDP- $3.841 Trillion
Currency- Euros
Exchange Rate- 0.885
Germany - Europe
Japan - Asia
Government- Parliamentary Constitutional Monarchy
Head of State- Emperor
Head of Government- Prime Minister
Economy- Free Market
GDP- $4.83 Trillion
Currency- Yen(JPY)
Exchange Rate- 121.02
Marketplace
A marketplace is a place or situation in which an exchange of goods or services takes place, such as stores, shops, or stock exchanges.
This is a marketplace because there are people who are purchasing goods or services at the booths.
Resources
Resources are a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or business in order to function effectively.
these images represent some of the resources people may use to produce and sell their products.
Table of Contents
Cuba
Cuba pictures
Brazil
Brazil pictures
Egypt
Egypt pictures
Germany
Germany pictures
Japan
Japan pictures
Marketplace
Resources
Scarcity
Choice
Opportunity Cost
Price
Supply and Demand
Incentives
Production
Gross Domestic Product (GDP)
Consumption
Profit
Monopoly
Capitalism
Fiscal Policy
Monetary Policy
Inflation
Federal Reserve
Roles of the Federal Reserve
Tools of the Federal Reserve
Scarcity
Choice
Opportunity Cost
Price
Supply and Demand
Incentives
Production
Gross Domestic Product (GDP)
Consumption
Profit
Monopoly
Capitalism
Fiscal Policy
Monetary Policy
Inflation
Federal Reserve(FED)
Roles of the Federal Reserve
Tools of the Federal Reserve
Scarcity is the state of being short or low on supply(shortage).
This image represents scarcity because there is not enough tomatoes for everyone

Choice is the act of selecting or making a decision when faced with multiple possibilities.
In this image everyone is making a choice of which direction to go. Most people choose one direction but you are free to make any choice you want, so don't follow the crowd.
Opportunity cost is the loss of potential gain from other alternates when one alternate is chosen.
This picture shows that John chose to study giving up a good night's rest.
Price is how much money ,or other payment, that is required to get a good or service.
This image represents the price rising by the arrow pointing up a line of coins slowly increasing in amount.
Supply is the amount of goods or services available.
Demand is how much consumers are willing to buy.
Supply and demand are always in a constant battle, but one isn't more powerful than the other so they keep the economy stable and in balance.
Incentives are things that motivate one to do something.
The dog's incentive is the bone dangling in front of him. It is motivation to keep running toward the treat.
Production is the act of making or manufacturing a product.
This assembly line represents production because it is the best way to quickly manufacture products. Every person has their own individual job making it easy to produce large amounts of things very fast
The GDP is the total amount of goods produced and services provided in a country during one year.
This pie chart shows what a GDP would be based off. This country provided mostly business, manufacturing, and government services that year.
Consumption is the using up of a resource.
This map shows that the United States consumes the most wood. The US also consumes most of any other resources.
Profit is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
This bag represents the money you earn after all expenses.
A monopoly is the exclusive possession or control of the supply or trade of a product or service.
The dinosaur represents a entrepreneur who has become a monopoly owner. Now he is over powered and will crush his competition.
Capitalism is an economic and political system in which a country's trade and ownership are controlled by private owners for profit, rather than by state.
This image shows if the trade is owned by the rich than the poor will never be able to prosper. They will forever work and struggle.
Fiscal Policy is how the government adjusts it's spending levels and tax rates to monitor and influence the nation's economy.
This image represents Fiscal policy because the system of Fiscal Policy doesn't give away money, just changes how much they get.
Monetary Policy is the process by which the central bank controls the money supply .
With monetary policy the bank is always doing their best to keep the money flowing at a steady rate, much like a facet leaking drips of water.
Inflation is a general increase of prices and fall in the purchasing value of money.
This shows how the inflation of money changes. The inflation may eat up the money quicker one day than the next.
The FED is the central banking system of the United States.
The FED is always fighting unemployment and inflation to keep the economy steady and balanced.
serves as the government's bank
serves as the citizen's bank
regulates the banks
makes loans to banks
controls the money supply
Discount rates
Reserve requirements
Open market operations
Making loans is one of the five roles of the federal reserve.
A discount rate is the interest rate reserve banks charge banks for short-term loans.
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