Transcript supply and demand - Warren Hills Regional School District

Supply and Demand
Demand
Supply
• The quantity of goods and • The willingness and ability
services that producers are of consumers to buy goods
willing and able to provide and services
• When Supply > Demand, • When Demand > Supply,
the Price goes UP
the Price goes DOWN
Slide 1
What Is the Economy?
• The economy - the activities related to
making and distributing goods and
services.
• A market economy is based on the law
of supply and demand. (U.S)
o The price is determined by what
consumers are willing to pay and sellers
are willing to accept.
Slide 2
The Business Cycle
Four Stages: Recovery, Peak, Recession, Trough
Slide 3
When economy is…
…growing…
 People buy goods and
services
 Jobs are created
 Businesses are hiring
…slowing…
 People buy fewer goods and
services
 Fewer people are hired;
there are layoffs
 Businesses are not growing
Slide 4
Costs vs. Rewards
• Consider the Costs of Education vs.
• the rewards of career and
• amount you will earn
Bachelor’s Degree (4 years) = TWICE as much as a
High School Diploma --------------$1,000,000+ over a
lifetime!
• (Earn a minimum of $25k more per year
X 40 years working = $1 mil+)
Focus On . . .getting involved now
• Explore careers
• Attend conferences
• Apply for scholarships,
grants, financial aid
• Take part in community service activities
• Network and form friendships
Slide 6
How Can You Find Job Openings?
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Social networks
Job shadowing
Cooperative work experience
Counselors, teachers, placement centers
Websites of businesses
Job scout programs
Employment agencies
Slide 7
Job Preparation
Job application
• Form that asks you basic information
about your background
Job interview
• Face-to-face meeting with a potential
employer to discuss a job opening
Follow-up
• Contact after the interview
Slide 8
The Resume
A resume is a summary of your work
experience, education, skills, interests.
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“Master Resume”
Tailor each resume to match job opening
One page
Simple and attractive
Important information on top
Proofread
Slide 9
The Cover Letter
A cover letter introduces you to a
prospective employer.
• Short and direct
• First paragraph: why you
are writing
• Second paragraph:
qualifications
• Closing paragraph: ask for
an interview
Slide 10
The Interview
Rehearse questions: “tell me about yourself,” or “why
did you pick us?”
Arrive 10-15 minutes early
 Dress professionally
Appear self-confident and relaxed
Think before you speak
Speak slowly and clearly and avoid slang
Review the company’s website
Using Social Networking Sites
Advantages include:
• Wide-range of sources for job
information
• Rapid response to job openings, up to
the minute
BE CAREFUL:
• Don’t post anything that could lead
others to think poorly of you.
• Don’t complain about your job, brag,
criticize or swear
Slide 12