PERSONAL FINANCE, 8e by Robert Rosefsky

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PERSONAL FINANCE, 8eby Robert Rosefsky

• Including Talking Points-
• Interactive Thought Provokers
• for class discussion,
• and Outside Assignments

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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

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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
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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
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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
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C. Todays Realities
1. Productivity 2. Government 3. International
Matters 4. Technology 5. Information
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Todays Realities (continued)
6. Capital Investment 7. The Future Value of
Money 8. Marketing 9. Nature and Natural
Resources
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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?

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TALKING POINTSChapter 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 everyones
  income taxes. Others advocates using the extra
  money to improve education and health care for
  the elderly. How might each position impact on
  the nations economy? On your personal
  well-being?