Economics 12

STUDENT SITES

Assignment #4

Full business plan – done in Chat GPT
Put into a Powerpoint or other presentation software
Include images and make it look very professional
This would be presented to clients/and investors

Marketing Portfolio – 5+ ads – Instagram, Facebook, Print, Billboard, Company vehicle

Company Clothing – 3 items – hoodies, hats shirts
Company Swag – 3 items – keychain, mug, fridge magnet

Assignment #3 – Digital Nomad Business

Name
Logo
Services
Website (wix)
Pricing

Website details
Pages
Home – 100 word site/business description that contains the keywords
About Us – 100 word history/your background/where you are located – your story can be fictional
Contact – Use a real address of your digital nomad location, include a map, email, phone etc. (use fake info)

Sponsorship Page – 5 companies that sponsor your content – should be congruent with your business – include their logos and link to their company site.

Services Page – 5+ services you offer, include detailed descriptions and pricing. Include web analytics of subs, views etc. This can be all made up to justify services.

Content Page – This your concept marketing page – 10+ videos and/or links related to your site – this would be your own content in reality but you will use related content. So if you are an crypto business find videos on teaching about crypto and embed on your site. If you are a financial consulting business find videos and content on financial learning.

Bonus – Add some products for sale – either a regular page or add to your existing site

ECONOMICS

  1. Financial Consulting: Offer financial advisory services to individuals and businesses remotely.
  2. Remote Bookkeeping: Provide accounting and bookkeeping services to clients online.
  3. Stock and Forex Trading: Trade stocks or foreign exchange markets from anywhere in the world.
  4. Financial Planning: Help clients plan for their financial futures and investments.
  5. Cryptocurrency Trading: Engage in cryptocurrency trading and investment.
  6. Freelance Financial Writing: Write articles, blog posts, or reports on financial topics.
  7. Financial Coaching: Offer personal finance coaching to individuals.
  8. Investment Research: Conduct research on potential investment opportunities.
  9. Tax Consulting: Provide tax planning and consulting services.
  10. Peer-to-Peer Lending: Invest or facilitate peer-to-peer lending on platforms like LendingClub or Prosper.
  11. Risk Management Consulting: Help businesses assess and mitigate financial risks.
  12. Economic Research and Analysis: Conduct economic analysis and research for businesses or publications.
  13. Online Trading Courses: Create and sell online courses on trading and investing.
  14. Retirement Planning: Help individuals plan for their retirement and invest accordingly.
  15. Market Analysis Services: Provide market analysis reports for businesses and investors.
  16. Financial Blogging: Run a blog focused on finance, economics, or investment.
  17. Real Estate Investing: Invest in real estate properties and manage them remotely.
  18. Fintech Startup: Develop financial technology applications or software.
  19. Data Analysis: Offer data analysis services for businesses or financial institutions.
  20. Remote Credit Repair: Help individuals repair their credit scores.
  21. Financial Modeling Services: Create financial models for startups and businesses.
  22. Forensic Accounting: Investigate financial discrepancies and fraud cases.
  23. Freelance Economist: Offer economic analysis and insights to clients.
  24. Financial YouTube Channel: Start a YouTube channel focused on financial education.
  25. Online Financial Seminars: Host webinars and seminars on various financial topics

Assignment #2 – New Cryptocurrency Brand

Use Canva.com and create account (If you want to use alternative site you can)

Create a dynamic logo

Create 3 different logos – ask people to rank for market research – then choose one to do your branding

Put on a minimum of five items – clothing, hats, shoes, watches, fashion wear, jewelry, swag etc.

Create an Ad campaign – 3 online ads for Facebook, Instagram and Twitter.

Create a billboard.

Assignment #1 – 15 + slides – Define, Explain, Illustrate

No copy and paste, point form,10 images minimum
Assessment: Content, Alignment, Spacing, Spelling/Grammar, Colour Scheme, Impact, Images quality and relevance

  1. Adam Smith
  2. John Maynard Keynes
  3. Classical vs Austrian vs Keynesian Economics
  4. Globalism and cheap labour costs
  5. Macroeconomics vs Microeconomics

Case study TESLA

  1. Tesla’s Electric Vehicles/Cyber Trucks
  2. Self-Driving Technology (pros and cons)
  3. Space-X
  4. Factories and employees
  5. Revenue, Net Income, Net Profit Margin, Operating Income, Stock Price

Reading

Read the following book: The Essential Hayek

What are the big ideas for each of the 10 chapters of the book ? (Short summaries for each chapter)

TERMS

  1. Economics: The study of how individuals, businesses, and governments allocate resources to satisfy unlimited wants and needs.
  2. Scarcity: The fundamental economic problem arising from limited resources and unlimited wants, necessitating choices and trade-offs.
  3. Supply and Demand: The forces that determine prices in a market economy; supply represents producers, and demand represents consumers.
  4. Opportunity Cost: The value of the next best alternative foregone when a choice is made.
  5. Market: The environment where buyers and sellers exchange goods and services.
  6. Gross Domestic Product (GDP): The total value of goods and services produced within a country’s borders in a given period.
  7. Inflation: The sustained increase in the general price level of goods and services over time.
  8. Deflation: The opposite of inflation, involving a sustained decrease in the general price level.
  9. Monetary Policy: Actions taken by central banks to manage the money supply, interest rates, and control inflation.
  10. Fiscal Policy: Government policies related to taxation and spending to influence economic conditions.
  11. Unemployment Rate: The percentage of the labor force that is actively seeking employment but is currently jobless.
  12. Market Structure: The characteristics and organization of a market, such as monopoly, oligopoly, or perfect competition.
  13. Income Inequality: The unequal distribution of income among individuals or households in an economy.
  14. Trade: The exchange of goods and services between countries or regions.
  15. Foreign Exchange (Forex): The global market for trading currencies.
  16. Economic Growth: The increase in a country’s GDP over time, indicating a rise in living standards.
  17. Elasticity: The responsiveness of quantity demanded or supplied to changes in price or other factors.
  18. Utility: The measure of satisfaction or pleasure derived from consuming a good or service.
  19. Market Failure: When a market does not allocate resources efficiently, necessitating government intervention.
  20. Marginal Analysis: Examining the incremental costs and benefits of an action to make decisions.
  21. Production Possibility Frontier (PPF): A representation of the maximum combinations of two goods an economy can produce.
  22. Monopoly: A market structure characterized by a single seller with significant control over prices.
  23. Oligopoly: A market structure with a small number of large firms that can influence prices.
  24. Perfect Competition: A market structure with many small firms, homogeneous products, and no barriers to entry.
  25. Economic Policy: Government actions and decisions aimed at achieving specific economic goals.
  26. Externalities: Side effects or consequences of economic activities that affect third parties.
  27. Public Goods: Goods that are non-excludable and non-rivalrous, often provided by governments.
  28. Trade-off: The choice between two or more alternatives, where gaining one thing means losing another.
  29. Economic Indicator: Data used to assess the overall health of an economy, such as unemployment rates or consumer confidence.
  30. Price Elasticity of Demand (PED): A measure of how sensitive the quantity demanded is to changes in price.
  31. Laissez-Faire: A policy of minimal government intervention in economic affairs.
  32. Supply Chain: The network of organizations and processes involved in producing and delivering goods to consumers.
  33. Investment: Allocating resources for future production or income generation.
  34. Economic Cycle: The recurring pattern of economic expansion and contraction.
  35. Globalization: The increasing interconnectedness of economies and cultures worldwide.
  36. Labor Force: The total number of people available for work, including both employed and unemployed individuals.
  37. Economic System: The structure and organization of an economy, such as capitalism, socialism, or mixed economies.
  38. Keynesian Economics: Economic theories emphasizing government intervention during economic downturns to stimulate demand.
  39. Comparative Advantage: The ability of one entity to produce a good or service at a lower opportunity cost than another.
  40. Balance of Trade: The difference between a country’s exports and imports.
  41. Taxation: The process of levying charges on individuals and businesses to fund government activities.
  42. Economic Development: The improvement of living standards, infrastructure, and economic opportunities in a country.
  43. Gini Coefficient: A measure of income inequality within a population.
  44. Monetary Policy: Government policies that influence the money supply and interest rates to regulate economic activity.
  45. Stock Market: A marketplace for buying and selling shares of publicly-traded companies.
  46. Economic Forecasting: The use of data and analysis to predict future economic conditions and trends.
  47. Economic Rent: The surplus income earned from a resource, often due to its scarcity.
  48. Trade Balance: The difference between the value of a country’s exports and imports.
  49. Economic Stimulus: Policies designed to boost economic activity during a recession.
  50. Currency Exchange Rate: The value of one currency in terms of another, affecting international trade and investment.

TERMS to cover

  • Money
  • Supply and Demand
  • Capitalism vs Socialism
  • Central Bank
  • Commodity
  • Comparative Advantage
  • Competition
  • Consumer Price Index
  • Consumption
  • Corporation
  • Deficit
  • Deflation
  • Depreciation
  • Economic Growth
  • Economies of Scale
  • Employment Rate
  • Free Trade Agreements
  • Full Employment
  • Globalization
  • GDP
  • Hyper-Inflation
  • Inflation
  • Monetarism
  • Monopoly
  • Profit
  • Recession
  • Sales Tax
  • Stock Market
  • Unemployment Rate
  • World Trade Organization