Lesson 1 FOUNDATIONS OF ECONOMICS Lesson 1- Economic System & Opportunity Cost 1 Learning Objectives By the end of this unit‚ you should be able to: give an overview of Economics deal with the Economic Problem discuss the Methodology in Economics differentiate between Microeconomic Issues and Macroeconomic Issues Lesson 1- Economic System & Opportunity Cost 2 Lesson 1- Foundations of Economics Lesson 1-pg1 What is Economics? Economics is the study of how people and society
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people who believed in progress‚ they wanted a way to improve and advance their nation. (book 489) Progressives didn’t always agree on everything. They didn’t on the form of their inventions and they created impulses to try to settle everything. One Impulse was the importance of social cohesion: the belief that individuals are part of a great web of social relationships. (book 489) Which from what I understand will be great because being cohesive‚ staying together‚ means progress will be more likely
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The American Revolution was caused more by economic factors than political. Although political factors played a role in the Revolution‚ a greater significant portion of the American Revolution was caused economic factors. The main piece of aggravation to the colonists was the Stamp Act. The Stamp Act was protested upon the principle “No taxation without representation”. This particular act affected virtually all the colonists and limiting economic success‚ and thus the colonists protested. An
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Political and Economic Aspects of Cultural Differences Economics: • production – making of goods • consumption – using up goods • exchange – transfer of goods Subsistence Strategies: how you meet basic survival needs of food‚ clothing‚ shelter. • Modes of Production – dominant way you make a living Relations of Production—relationships that organize production (serfs/lords; workers and capitalists) Means of Production—material resources available for producing food. Food Collectors: Foraging‚ Hunting
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The democratic leadership style is a very open and friendly way of leading a group‚ as ideas flow liberally amongst the group and are discussed openly. Everyone within the group is given a seat at the table‚ and discussion is free-flowing. This is often a highly effective form of leadership. People are more likely to excel in their positions and develop more skills when they feel empowered‚ and people are empowered when they are involved in the decision-making process. The democratic leadership
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Emily Blackwell World Civilization Ms. Huculak 18 April 2017 The Democratic Republic of Congo The Democratic Republic of Congo plays a significant role in the global economy. This country contains a large amount of the world’s copper‚ cobalt‚ tin‚ tantalum‚ gold‚ and tungsten. These minerals are essential components of modern luxuries such as phones‚ jewelry‚ and cars (Global Witness). However‚ they are illegally mined by groups who in turn sell them to large companies in order to create these commodities
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Progress of the Absolute Hegel: The progress of consciousness towards Fichte Despite the opposition between Kant and Fichte’s attempts to autonomize human existence‚ they both maintained an essentially dualistic point of view. In Kant this was a dualism between the contingency of the world of sense and the necessary forms of the intellect‚ and between duty and nature in man; In Fichte it was the dualism of duty and reality‚ which is a permanent condition of the development of the mind and is
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with the Peace of Augsburg (Political Changes). This peace treaty allowed for the prince of any German state to decide whether their land would be Catholic or Lutheran‚ which stopped fighting between the Schmalkaldic League and the Holy Roman Empire‚ but also diminished the authority of the empire in the process. As princes chose the religion of their realm‚ they divided Germany into two parts‚ the Protestant section and the Catholic section‚ which added to political unrest between states which were
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Unit 2 Summary notes – Nikhil Pillai Measurements of economic performance Economic growth Two meaning of the term economic growth: - Actual growth‚ increase in real incomes or GDP - Potential growth‚ increase in the productive capacity in a country Real values are adjusted to remove the effects of inflation. Nominal values are current incomes that are not adjusted For GDP to have any significance in terms of standards of living; figures must be given per head (or per capita). E
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AUSTRALIA Australia is a truly unique place. It is the world’s 6th largest country and its smallest continent. Australia is the same size as 48 states of USA or 1‚5 Europe. However‚ it still has the lowest population in the world- 23‚829‚000 or only 2 people per square km. After World War II‚ Australia has launched a massive immigration program which include: employment visas‚ student visas‚ family visas‚ skilled visas‚ programs for refugees and Special Humanitarian Program. According to Australian
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