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What Is Economics? An Introduction to Economics PowerPoint Presentation

Randy Tease
Grade Levels
8th - 12th, Adult Education, Homeschool
Formats Included
  • PPT
61 pages
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Randy Tease


This 61 slide PowerPoint Presentation will serve as the perfect guide to any introduction unit on economics. This PowerPoint Presentation asks for students to engage in class discussion, brainstorming, debate, etc....

Topics covered include:
- Definition of Economics
- Scarcity = The Fundamental Problem of Economics
- The Factors of Production
- Needs vs. Wants
- TINSTAAFL (There Is No Such Thing As A Free Lunch)
- Trade-Offs
- Opportunity Costs
- Decision Making
- Decision Making Matrix
- Production Possibilities Frontier
- What is a Economic Product?
- What is a Good?
- Consumer Goods vs. Capital Goods
- Durable vs. Non-Durable Goods
- What is a Service?
- What is a Consumer? Consumption? Conspicuous Consumption?
- What is Value? Utility?
- Water-Diamond Paradox
- What is wealth?
- What do Economists Do?
- Three Basic Economic Questions: What, How, and For Whom to Produce?
- Traditional Economy
- Command Economy
- Market Economy
- And More!
Total Pages
61 pages
Answer Key
Does not apply
Teaching Duration
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