Dragon Run Special Area Management Plan Photo credits: Teta Kain, FoDR David Fuss, MPPDC.
* Economics – the study of how individuals and societies make decisions about ways to use scarce resources to fulfill wants and needs. * What does THAT.
The Arsenal of Democracy: The United States in WII Scott Wolla.
Mechanization and Industrialization. I. Beginnings A. Agricultural Revolution 1. Jethro Tull’s “Seed Drill” 2. Crop rotation B. Factors of Production.
{ Inputs into the production process. Outputs are finished products. The main factors are land, labor, capital, and entrepreneurship. Nick Wuensche Period.
Globalization and Saint Lucia Adapted from Kevin Stapleton (CDAE grad student)
Journal 1 paragraph, 4 sentences Topic: In your own words, please explain what economics is and how it affects you in your personal life. (You will probably.
What is scarcity? (Look in your notes) Why is scarcity an important factor in economics? (Look up the definition of economics) How does scarcity effect.
Trade Models: Extensions and Applications Factor Endowment Theory (Heckscher – Ohlin) – Does it work? Leontief Paradox Factor Price Equalization (Stolper-Samuelson)
DR. PETROS KOSMAS LECTURER VARNA FREE UNIVERSITY ACADEMIC YEAR 2010 - 2011 LECTURE 4 MICROECONOMICS AND MACROECONOMICS ECO-1067.
Economics The student will understand that the production, distribution, and consumption of goods/services produced by the society are affected by the.
The Economizing Problem 2 C H A P T E R 1 The foundation of economics is the economizing problem: wants are unlimited while resources are limited or.
