This PowerPoint is for CIE Cambridge International AS Economics Unit 1:Basic Economic Ideas and Resource Allocation. It's packed full of details with 182-slides! This is your MAIN resource for class. Don't spend time creating another PowerPoint for Economics class. This is all you need for Unit 1. 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 runb) Positive and Normative Statements-the distinction between fact and value judgementsc) Factors of Production-the rewards to the factors of production: land, labour, capital and enterprise-Specialization and division of labourd) 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 economye) Production Possibility Curves-shape and shifts of the curve-constant and increasing opportunity costsf) 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.