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Included in the PowerPoint: a) Scarcity, Choice and Opportunity Cost - The Fundamental Economic Problem - The Meaning of Scarcity and the inevitability of choices at all levels (individual, firms, govt)- The basic questions of what will be produced ow and for whom - The Meaning of the term «Ceteris Paribus» - The Margin and Decision Making at the Margin - Sort run, long run, very long run b) Positive and Normative Statements - the distinction between fact and value judgements c) Factors of Production - the rewards to the factors of production: land, labour, capital and enterprise - Specialization and division of labour d) Resource Allocation in Different Economic Systems and Issues of Transition - decision making in market, planned and mixed economies - the role of the factor enterprise in a modern economy e) Production Possibility Curves - shape and shifts of the curve - constant and increasing opportunity costs f) Money - functions and characteristics in a modern economy - barter, cash and bank deposits, cheques, near money, liquidity g) Classification of Goods and Services - free goods, private goods (economic goods) and public goods - merit goods and demerit goods as the outcome of imperfect information by consumers PowerPoint Also Includes: - Key Terms for each Chapter - Activities - Multiple Choice and Essay questions from past exam papers.
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In celebration of the opening, a fully illustrated catalogue, A Family Affair: Modern and Contemporary American Art from the Anderson Collection at Stanford University, has been published in association with DelMonico Books / Prestel, and includes scholarly essays on the collectors, the collection, and individual artists and artworks represented in the collection.
In her essay for the show's catalogue, E. Carmen Ramos, the Smithsonian's curator of Latin American art, writes, «Tamayo embraced notions of arte puro, or pure art, which circulated in some Mexican avant - garde artistic circles that championed artists» individual, rather than sociopolitical and collective, approaches to modern Mexican art.