PERSONAL FINANCE, 8e by Robert Rosefsky Including Talking PointsInteractive Thought Provokers for class discussion, and Outside Assignments.

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Transcript PERSONAL FINANCE, 8e by Robert Rosefsky Including Talking PointsInteractive Thought Provokers for class discussion, and Outside Assignments.

PERSONAL FINANCE, 8e
by Robert Rosefsky
Including Talking PointsInteractive Thought Provokers
for class discussion,
and Outside Assignments
Chapter 1. THE ECONOMY: HOW IT
WORKS AND WHAT IT MEANS TO YOU
Financial Freedom… Flexibility… Career Success… Peace of Mind
A. Economic Phenomena That Shape Our
Lives (See Ups and Downs, Text page 28)
1. Forces
2. Influences
3. Effects and Results
CHAPTER 1
Slide 1 of 8
Examples:
a. “Fish, Berries and Logs” - People just like us
b. “The Empty Forest” - Natural Resources
c. “All Dried Up” - Technology, Nature, Spirit
d. “The Disappearing Fish” - Environment
e. “ The First Price Wars” - Inflation
CHAPTER 1
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Examples (continued)
f. “The Value of Good, Hard Work” - Productivity
g. “Smoking a Fish” -
Natural Resources, Technology, Law of Supply and
Demand
h. “Bad News, Good News” - Education, Research
i. “A Crushing Blow” - Marketing
j. “Help Wanted” - Government Policy, Investment Incentives
CHAPTER 1
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B. Government Policies
1. “The Building Binge” - Fiscal Policy
2. “The Beer Bust” - Monetary Policy
3. “The Banking Bombshell” - Regulatory Policy
4. “Tit for Tat” - Trade Policy
“Here Today, Gone Tomorrow” - Industrial Policy
CHAPTER 1
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C. Today’s Realities
1. Productivity
2. Government
3. International Matters
4. Technology
5. Information
CHAPTER 1
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Today’s Realities (continued)
6. Capital Investment
7. The Future Value of Money
8. Marketing
9. Nature and Natural Resources
CHAPTER 1
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TALKING POINTS...
Chapter One, Number One
Your boss tells you that
competition from Asia is
causing him severe financial
problems, and layoffs might be
in the wind. Evaluate and
discuss these options:
A. Quit now and start looking for
another job.
B. Offer to take a cut in pay to
avoid being laid off.
C. Start learning new job skills.
D. Hang in there and hope for
the best.
E. Other?
CHAPTER 1
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TALKING POINTS…
Chapter One, Number Two
Thanks to a bustling economy, the federal
government has a huge surplus. Some politicians
urge that the surplus be used to cut everyone’s
income taxes. Others advocates using the extra
money to improve education and health care for the
elderly. How might each position impact on the
nation’s economy? On your personal well-being?
CHAPTER 1
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