Презентация на тему: Economics

Economics What is it?

The word economics or economy consists of two Greek words household and law. So, economics is the science of household management

For the history of economics. For the first time Aristotle spoke about this science.Greek Xenophon wrote the book “Economics”, where he argued economics rules. “Domostroi” was the same book in Russia. The first man, who receive the Nobel Memorial Prize in Economic Science, was Jan Tinbergen.

Resources MATERIAL:HousingHeatingTools NON-MATERIAL:TimeSpaceConvenience

Resources Demand Decision Trade-off Resources are limited, but our demand for them certainly is not.Our every day life is full of different decisions. Every decision we make is a trade-off.

Areas of economics Microeconomics-science about business and people Study:- Families household budgets- Small or large companies Microeconomics and Macroeconomics are closely related.Study:-Economics of a country- Economics of the whole world Macroeconomics-science about all economics

Types of economics CLASSICALValue of the goodsCost of the production NEOCLASSICALEconomy workSupply Demand

The Father of modern economics He was born on the 5 of June in 1723. But it isn’t an exact date. His father, also named Adam Smith, was married Margaret Douglas in 1720 and died six months after Smith’s birth. Smith was really close to his mother. During all life Smith developed his passion for liberty, reason, and free speech. He studied at the University of Glasgow, Oxford. Smith considered the teaching at Glasgow beter that at Oxford, which he found intellectually stifling. The famous Smith’s book is The Wealth of Nations. He died on the 17 of July in 1790, in Edinburgh, Scotland.

What’s it good for? Nowadays economists try to answer to this question. Positive economistsTryto explain the behaviour of the economyto guess economic changes before they happenSay - “This is how it is…” Normative economistsTry to improve the economySay -“We should…” 

Economists Collect data Include facts and figuries about almost anything, from birth rates to coffe production Create economic model Show relationships between these different data Formulate theories From this information, economists make theories which explain why the economy works the way it dose

Economics in our life. Advertising

Economics in our life. Money

Economics in our life. Shops

Economics in our life. Banks

Thanks for your attention Nesterova Anna