PPT-SCARCITY

SCARCITY The condition that results from society not having enough resources to produce all the things people would like to have What comes to mind when you think of something that is scarce ECONOMICS the study of how people try to satisfy unlimited wants through the careful use of relatively scarce resources. ECO23/PSY23 Behavioral Economics. Udayan. Roy. A Behavioral Economics Approach to the Poor. Scarcity: Why Having Too Little Means So Much. By . Sendhil. . Mullainathan. and . Eldar. . Shafir. , Times Books, 2013. University High School. Mr. Barnett. Cathenne. wants:. Kevin, Emilia, . Dayanna. . want:. Tessa wants:. Joseph wants to:. Courtney wants:. Stephanie, Catalina, . Chenxi. . want:. Michelle wants:. Timothy wants:. 2012. Comprehensive. Prowess. Prowess. A. carefree. B. Illogical fear. C. skillfu. l. insouciant. insouciant. A. carefree. B. Handed down. C. gloomy. dearth. dearth. A. Scarcity of. B. Illogical fear. Scarcity. The . basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently. . Even elite athletes, major universities, and professional team owners must make decisions based on limited resources.. A coach cannot assign a talented athlete to play two positions nor can he use his practice time to review every possible on-field contingency.. View as slide show. Adapted from AdPrin.com. Seyval. grapes grow only in the Chateau Pierre vineyards and regularly win the . “. French National Gold Medal for Exquisite Wine. s.. ”. Should the brochure say (click the slide for the evidence-based answer:. ECONOMICS OF SCARCITY. Areas. Area. Land. mass. Pop. Cult. land. Prot. . $. Per cap $. Africa. Asia. Europe. Latin Am. Australia/Oceania. North America. Antarctica. Land mass each area comprises. Area. Eldar Shafir. Sendhil Mullainathan. SJDM. 2012. The Stable Frame of Scarcity. Behavioral magic. Hall(2008). Having more means…. Having less means…. Scarcity and context. Abundance:. Scarcity:. Predictions. Not enough goods or goodness. SPIRAL . OF. . POWERLESSNESS. Almost everything—from food to energy--is scarce. . Humans are selfish & competitive. . So we’re incapable of coming together for the common good. 1. 1. 1. 1. 1. 1. What is . Economics About?. Scarcity and Choice. Scarcity. and choice are the two essential ingredients of an economic topic.. Goods are . scarce. because desire for them far outstrips their availability from nature.. C. ase . study Colorado River Basin. LO: explain how the water is being managed in the Colorado River basin. Water scarcity hotspots. According to the International Water Management Institute environmental research . ECO23/PSY23 Behavioral Economics. Udayan. Roy. A Behavioral Economics Approach to the Poor. Scarcity: Why Having Too Little Means So Much. By . Sendhil. . Mullainathan. and . Eldar. . Shafir. , Times Books, 2013. Mitigation Plan. DESA and UN Partners (ECA. , FAO, WMO, UNISDR, UNEP, UNCCD, UNDP). The Capacity Building Program on Water Scarcity and Drought Preparedness and Mitigation Plan for Jordan. Outline. Jordan Water Scarcity and Drought Challenges Overview. Scarcity (pg. . 16). Literacy Rate (pg. 3). Standard of Living (pg. 2). Natural Resources (pg. 14). Push & Pull Factors. Literacy Rate - Standard of Living - Agriculture - Natural Resources – Scarcity – Movement & Migration.