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Microeconomics

Transcript: Price Floor (Pf) It is a way of finding revenue to the Government. It is quite different from both Price Ceiling and Price Floor. Taxes are made for maximizing the quality of living of the population. Price floor is the minimum price of any particular product. It is usually occurs because sometimes there are too high competition in the market. This leads to a price war, and when the price is too low, it is not good for both buyers and sellers. Microeconomics Example: If we are studying about the price of Pork, the Shifters are something that can change the price of the pork. They can be Income, Price of Chicken, Price of Meet or Economy of the country etc. One of the Shifters can tell us whether a particular thing is a Normal or Inferior Goods That Shifter is "Income" If the sign in front of Income in the equation is "+", then it is a Normal Goods. But if the sign is "-", the it is an Inferior Goods. Price Ceiling is a maximum price for any particular product. It is usually used with important products such as Petrol. It occurs when a price of any particular thing is too high and people are unable to buy the product so the Government tries to help people by controlling the price. The Government usually fix the problem by creating three policies, which include: 1. Price Ceiling (Pc) 2. Price Floor (Pf) 3. Taxes (T) Shifters Anything that can change the demand and supply of any particular thing. It is usually related to what we are focusing at. Taxes When there are changes in prices, there can be problems among consumers. There can be both Surplus or Shortage. This means that some of the consumers will not get benefits from the product. Microeconomics There are some Shifters that exists in almost every equation. These Shifters are Constant, Price, and Income. This is a Picture of Demand and Supply graph. We can see that the Demand and Supply will always go to opposite direction. Likewise, so do the Price and Quantity. Shifter can be both Simple or Multi. This will lead to the Regression Functions Later. I really want what is the best for you naaa. I think this presentation can be very helpful for you naaa. I cannot type Thai in here, but either English or Thai, I make this presentation because I love you naaa :) I hope you will like my presentation that I made just for you naaa Ruk Pink mak mak naaaa :) Review for my "Special Person" :) Government Solutions Conclusion Price Ceiling (Pc) Law of Demand- The law that say when the Price goes up, the Quantity goes down, and when the Price goes down, the Quantity goes up. It is a study of how the outer factors can affect what we buy everyday. The study will focus on the demand and supply of the things we buy.

Microeconomics

Transcript: Microeconomics Microeconomics is the economic behavior and decision making by individuals and small business. A group of people or small business making a decision. You have to put things together to make up one big picture.

MICROECONOMICS

Transcript: WHO GETS THE GOODS AND SERVICE DEPENDS ON THE INCOMES THAT PEOPLE EARN. WHAT HOW FOR WHOM ECONOMIC QUESTION : SCARCITY OUR INABILITY TO SATISFY ALL OUR WANTS. GOOD AND SERVICE ARE THE OBJECT THAT PEOPLE VALUE AND PRODUCE TO SATISFY HUMAN WANTS MACROECONOMICS THE CHOICES THAT INDIVIDUALS, BUSINESS, GOVERNMENT AND ENTIRE SOCITIES MAKE AS THEY COPE COPE WITH SCARCITY. ECONOMICS ECONOMIC QUESTIONS : FOR WHOM MICROECONOMICS WHAT THE STUDY OF THE PERFORMANCE OF THE NATIONAL AND GLOBAL ECONOMIES. THE STUDY OF CHOICES THAT INDIVIDUAL AND BUSINESS MAKE THOSE CHOICES INTERACT IN MARKETS AND THE INFLUENCES OF GOVERNMENT. HOW GOOD AND SERVICE ARE PRODUCED BY USING PRODUCTIVE RESOURCES WHICH IS FACTORS OF PRODUCTION.

Microeconomics

Transcript: Period 5 Hugely variable and constantly affected by changes in the global and national climates Ensures your future financial security Circumstances change Savings and checkings accounts are available for individual usage Treasury CDs Ms. Dove STOCKS Securites are bought, sold, and tracked on the stock exchange Personal Finance SAVINGS The use of income to allow for future benefits May 2013 Diversification: investing in different areas/fields to keep your money safe Low to high-risk options available Personal finance is a necessary part of living independently. There are a lot of investment options that span both local and global scales, and the more risks you take the higher an impact you can have on the country's economy. The pooling of various investors' money The sum is invested into different areas to allow for diversification Income not intended for immediate consumption Janine Gong US Savings Junk INVESTMENTS IMPACT Contracts to receive the original amount + interest after a set period of time. Measured with a stock index (ex: Dow Jones Industrial Average) MUTUAL FUNDS high risk, high reward system Microeconomics Certificates of Deposit A bank's version of a bond The lender accrues interest over a set period of time Very low risk BONDS Municipal Managed professionally

PowerPoint Game Templates

Transcript: Example of a Jeopardy Template By: Laken Feeser and Rachel Chapman When creating without a template... http://www.edtechnetwork.com/powerpoint.html https://www.thebalance.com/free-family-feud-powerpoint-templates-1358184 Example of a Deal or No Deal Template PowerPoint Game Templates There are free templates for games such as jeopardy, wheel of fortune, and cash cab that can be downloaded online. However, some templates may cost more money depending on the complexity of the game. Classroom Games that Make Test Review and Memorization Fun! (n.d.). Retrieved February 17, 2017, from http://people.uncw.edu/ertzbergerj/msgames.htm Fisher, S. (n.d.). Customize a PowerPoint Game for Your Class with These Free Templates. Retrieved February 17, 2017, from https://www.thebalance.com/free-powerpoint-games-for-teachers-1358169 1. Users will begin with a lot of slides all with the same basic graphic design. 2. The, decide and create a series of questions that are to be asked during the game. 3. By hyper linking certain answers to different slides, the game jumps from slide to slide while playing the game. 4. This kind of setup is normally seen as a simple quiz show game. Example of a Wheel of Fortune Template https://www.teacherspayteachers.com/Product/Wheel-of-Riches-PowerPoint-Template-Plays-Just-Like-Wheel-of-Fortune-383606 Games can be made in order to make a fun and easy way to learn. Popular game templates include: Family Feud Millionaire Jeopardy and other quiz shows. http://www.free-power-point-templates.com/deal-powerpoint-template/ Quick video on template "Millionaire" PowerPoint Games Some games are easier to make compared to others If users are unsure whether or not downloading certain templates is safe, you can actually make your own game by just simply using PowerPoint. add logo here References Example of a Family Feud Template PowerPoint Games are a great way to introduce new concepts and ideas You can create a fun, competitive atmosphere with the use of different templates You can change and rearrange information to correlate with the topic or idea being discussed. Great with students, workers, family, etc. For example: With games like Jeopardy and Family Feud, players can pick practically any answers. The person who is running the game will have to have all of the answers in order to determine if players are correct or not. However, with a game like Who Wants to be a Millionaire, the players only have a choice between answers, A, B, C, or D. Therefore, when the player decides their answer, the person running the game clicks it, and the game will tell them whether they are right or wrong.

MICROECONOMICS

Transcript: Products and Customers Elasticity: Price Elastic Pricing Strategy: Prestige Pricing Mark-up Pricing Marketing and Sales Strategies For Related Products Customer Segments Marketing and Sales Strategies Pricing Strategies Description of Products Profile of Target Customers Customer Segments Questions? THE END Student Discounts Reservations Bulk Purchases "Loyalty Cards" Retail Outlet Chosen... Supply Suggestions and Conclusions Pricing and Promotion In the long run, all firms in Monopolistic Competition will break even. - Price = Pm and Qty = Qm, profit is maximised - Price = ATC, where 0 profits are made in the long run - Firm produce where P > MC - Output that minimises ATC: Qc - Instead, it produces where ATC is falling. (< Optimum capacity) - Excess Capacity exists (Qm- Qc) - Inefficiency through wastage of resources. Competition Angelina Julia Joseph Dhivagar S/O Hatithen Godwin Choo Muhammad Azfizan Demand Same shopping centre Same neighbourhood Other parts of S'pore Market Structure A Presentation By MICROECONOMICS

Microeconomics

Transcript: 13 cents increase since beginning of the year No substitute or complements Petrol relatively inelastic Population growth = Larger Demand 1. Relationship between Price and Demand 2. Supply of Petrol 3. Market equilibrium of Demand/Supply “Other things remaining the same, the higher the price of a good, the smaller is the quantity demanded; and the lower the price of a good, the greater is the quantity demanded.” “The average price of petrol is 152 cents per litre, its highest level since April last year” and “The price is up 13 cents since the beginning of the year” Increase in Demand Figure 4 has placed both the rightward shift of demand and leftward shift of the supplied. At the new intersection, is the new equilibrium (E1). Microeconomics the rate and cost of production Introduction Relationship Between Price and Demand Law of Demand the cost of proving new wells; unplanned interruptions The world’s consumption of petrol will also continue to grow as petrol is used as an energy resource Production is likely to start dropping steadily, putting a squeeze on motorists Australian Bureau of Statistics Increase in petroleum 152cents/litre Price increase of petrol also affects the price of other goods Equilibrium is the point in which the quantity demanded equals quantity supplied When the demand curve or the supply curve change the market equilibrium would change eg; Oil is demanded more today then yesterday, this shifts demand curve to the right Motorist Feel Pain as Petrol Price Jumps Supply 22.7 million which increased by roughly 360,000 from the previous year the global demand for crude Supply of Petrol The original equilibrium price of oil is still (139 cent) a litre at the beginning of 2013. High demand for transportation, distillation, and as a flammable resource The price for oil increased to 152cent. This is influenced not only by the demand curve but the supply curve. For example oil spills or scarcity of oil; The s curve shifts to the left. As less oil can be mined. Oil resources on the planet and unfortunately unlike other resources, can’t reproduce this resource so an alternative needs to be developed, so that prices can once again drop helping the global economy. the size of crude oil stockpiles Reduction in Demand The oil resources in the world are diminishing quickly, thus cause prices to rise rapidly. Technology will become much more energy-efficient in time Future generations regard us as the generation responsible for burning up 600 million years' worth of fossil fuel accumulation in a couple of lifetimes. Market Equilibrium on Demand/Supply

Microeconomics Microeconomics

Transcript: Perfect Competition Perfect Competition What is it? - Numerous buyers and sellers - Nearly identical products - No barriers to entry Short Run - MR = MC - Profit and loss IS possible - Market decides the price Mr=MC Short Run Behavior Peter Thiel "Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away." Long Run In the long run, no profits are made. Why is profit not possible? Behavior

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