Презентация - Economics

economics

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: Housing Heating Tools
NON-MATERIAL: Time Space Convenience

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.

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.

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