Factors of Production Factors of production are the inputs used to produce goods and services

Types of Imperfectly Competitive Markets Monopolistic Competition – Many firms selling products that are similar but not identical. Oligopoly – Only a few sellers, each offering a similar or identical product to the others

“In this world nothing is certain but death and taxes.” . . . Benjamin Franklin 0 20 40 60 80 100 1789 Taxes paid in Ben Franklin’s time accounted for 5 percent of the average American’s income

International Trade What determines whether a countryimports or exports a good? Who gains and who loses from free tradeamong countries? What are the arguments that people usedto advocate trade restrictions?

Efficiency v. Equity – Efficiency means society gets the most that it can from its scarce resources. – Equity means the benefits of those resources are distributed fairly among the members of society

What is Project Risk Management? Project Risk Management Processes: Risk management planning Risk identification Qualitative risk analysis Quantitative risk analysis Risk response planning Risk monitoring and control

Project Communication Management Process Communication Planning (沟通计划编制) Information Distribution (信息发送) Performance Reporting (绩效报告) Administrative Closure (管理收尾) Suggestions for improving project communications

Scope Verification Scope Change Control Project Charter Scope Statement

Scope Planning Scope Definition Scope Verification Scope Change Control

Importance of Project Schedules Project Time Management Process Activity Definition Activity sequencing Activity duration estimating Schedule development Schedule control