Mr. Deutsch
Economics (Semester 2 Study Guide)
Mount Dora Middle School
Name _______________________
barter
Vocabulary for Economics
capital gains
demand vs. price
earnings
benefit
capitalism
diminishing
economics
budget
cash-flow
disincentive
expertise
buyer
cost
diversification
growth
capital
costs (expenses)
documented
incentive
Mr. Deutsch
Economics (Semester 2 Study Guide)
Mount Dora Middle School
Name _______________________
investment
merger
risk
stock
labor
mutually satisfied
scarcity
supply and demand
management
opportunity cost
seller
supply vs. price
marginal analysis
profit
serendipitous
T.I.N.S.T.A.A.F.L.
market
revenue
social benefit
utilization
Rock
Joseph Powdermilk
Maggie Doyle
any other descriptions
Mount Dora Middle School
Benny
Louis
Pasqual
Arnold Howell
Does (what does this person do?)
Economics (Semester 2 Study Guide)
Allen
Grandfather
The Lawn Mower
Grandmother
Dad
Mom
Lawn Boy
Is (who is this person?)
Mr. Deutsch
Fictional People of Economics
Name _______________________
Mr. Deutsch
Economics (Semester 2 Study Guide)
Mount Dora Middle School
Name _______________________
Jargon of Lawn Boy
Definitions
Sample Sentence
Chapter 1: The Principles of
Economic Expansion
Chapter 2: The Growth of
Capitalism
Chapter 3: The Law of
Increasing Product Demand
Versus Flat Production Capacity
Chapter 4: Capital Growth
Coupled with the Principles of
Production Expansion
Chapter 5: Labor Acquisition
and Its Effect on Capital
Growth
Chapter 6: Economic Expansion
Combined with Portfolio
Diversification
Chapter 7: Overutilization of
Labor Compounded by
Unpredicted Capital Growth
Chapter 8: Dramatic Economic
Expansion: Its Causes and
Effects
Chapter 9: Conflict Resolution
and Its Effects on Economic
Policy
Chapter 10: Force of Arms and
Its Application to Business
Chapter 11: Business and the Art
of Creative Misrepresentation
Chapter 12: Team Management
in Times of Uncertainty
Chapter 13: Expertise, Its
Utilization and Effects on
Economy
Chapter 14: Resource Utilization:
Its Causes and Effects
Chapter 15: Serendipitous
Activity and Its Effects on
Capital Quantity
Final Economics Thoughts
Economics is the study of mankind in ordinary business of life.
Voluntary trade creates happiness.
Economics is all around us, even in the music we listen to and the shows we watch.