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INTRODUCTION TO  ECONOMY, ECONOMICS AND BUSINESS ECONOMICS
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Economics ,[object Object],[object Object]
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Problems in the economy ?
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Problems of an economy ,[object Object],[object Object],[object Object],[object Object]
Solve the problems
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Energy, Air, Water, Amenities Air pollution, solid waste, waste heat, waste pollution The Materials Balance Model :the interdependence of economic activity and the nature- closed system and open system Nature Output market Factor  market Households Firms Natural resources drawn from nature Residuals from consumption  Residuals from production Suppl y of goods and services Reuse--recycling--recovery Demand for resources Supply of resources Demand for goods and services  Recovery --- recycling -- reuse
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Case - Disney Corporation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Case - The Boeing Company ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],problems faced by decision makers in management economic  theory managerial economics, which  applies and extends economics and the decision sciences to solve management problems decision sciences solution to decisions problems faced by managers
Basic process of decision making
Business economics ,[object Object]
Aspects of application ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Business Economics 02 Introduction to Business Economics

  • 1. INTRODUCTION TO ECONOMY, ECONOMICS AND BUSINESS ECONOMICS
  • 2.
  • 3.
  • 4.
  • 5. Problems in the economy ?
  • 6.
  • 7.
  • 8.
  • 10.
  • 11.  
  • 12.  
  • 13. Energy, Air, Water, Amenities Air pollution, solid waste, waste heat, waste pollution The Materials Balance Model :the interdependence of economic activity and the nature- closed system and open system Nature Output market Factor market Households Firms Natural resources drawn from nature Residuals from consumption Residuals from production Suppl y of goods and services Reuse--recycling--recovery Demand for resources Supply of resources Demand for goods and services Recovery --- recycling -- reuse
  • 14.
  • 15.
  • 16.
  • 17.
  • 18. Basic process of decision making
  • 19.
  • 20.