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macroeconomics

Krugman AP Macro Economics Chapter 2

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Economics
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economics
inflation
business cycle
macroeconomics
Economic theories
unemployment
deflation
Great Depression
Recession
Monetary inflation
Labour economics
Full employment
Labor
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
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Chapter 2: Module Introduction to Macroeconomics ? Business Cycle: differences between downturns and upturns in macroeconomic Depression: Deep and prolonged downturn (ex: great depression) Recession: shorter economic downturns where output and employment are dropping (ex: state of the US now) Expansion: upturn where output and employment are rising Employment/Unemployment Employment: total number of people working for pay, rises in good economy Unemployment: total number of people who aren?t employed, rises in bad economy Labor Force: A country?s sum of employment and unemployment Unemployment Rate: percentage of labor force/people in country who are unemployed Aggregate Output Output: quantity of goods and services, decreases in bad economy

AP Economics questions 9-11

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Economics
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Economic theories
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Microeconomics
Advanced Placement Economics
economics

Christian Boujaoude September 9, 2014 Wolff Pd. 3 AP Economics Chapter 1 Study Questions #9-11 9. I am most committed to free enterprise and goal number 5 is the most valid which is freedom first. Freedom to change jobs or to seek one is of little use in times of high unemployment and no or negative growth. Moreover, such times can well lead to social unrest to such an extent that even the economic freedom of the wealthy is threatened. Progress, stability, justice, and freedom are compatible with the list of goals given in the chapter. 10. a) Macroeconomics b) Microeconomics c) Microeconomics d) Macroeconomics e) Microeconomics f) Macroeconomics 11. a) Positive b) Normative c) Positive d) Normative

AP Economics Ch.1 outline

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Economics
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Christian Boujaoude September 9, 2014 Wolff Pd. 3 AP Economics Ch. 1 Outline I. Intro A. Economics 1. the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of economic wants II. The Economic Perspective A. Economic Way of Thinking B. Scarcity and Choice 1. ?There is no free lunch? a. Cost is to society 2. Opportunity costs a. Sacrifices C. Rational Behavior 1. Rational self-interest 2. Utility a. pleasure, happiness, or satisfaction b. to allocate there in time, energy, and money to maximize their well-being 3. The same person may make different choices under different circumstances 4. Choices will vary greatly among individuals 5. Rational decisions may change as costs and benefits change

Econ Chapter 28 powerpoint

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Economics
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economics
Economic growth
Business
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macroeconomics
Manufacturing
Economic theories
Welfare economics
Productivity
Human capital
Workforce productivity
Production–possibility frontier
Labor

Economic Growth Economic Growth Economic growth refers to an increase in the total output of an economy. Defined by some economists as the increase of real GDP per capita. The production possibility curve and the AD/AS graph show the combinations of output that can be produced if all society?s scarce resources are fully and efficiently employed. The more efficiently they are used the more growth an economy experiences. Economic Growth Human Capital Human capital is the economic value that an employee provides to an employer. The greater the human capital, the better the opportunity for economic growth. Labor Productivity Labor Productivity is the real output per hour of work.

Questions on Chapter 18: Economic Policy

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US Gov and Politics
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Fiscal policy
macroeconomics
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Public finance
Public economics
Economic policy
Economic theories
Political economy
Supply-side economics
Government budget deficit
Keynesian Economics
inflation
Business
Politics
Social Issues

Roman Caposino March 6th, 2014 Chapter 18 #1-5 AP Government & Politics When the economy is thriving, the government tends to spend more money. Unfortunately, when the economy is not thriving, or even if it is, the government still spends way more money than it makes, creating a huge deficit. Generally, voting behaviors of politicians and economic conditions are not always correlated, both at national and local levels. Politicians do not vote within their spending limit sometimes, because they know the federal government will pay for their deficit.

The Basic Economics Problem

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Economics
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Microeconomics
Production–possibility frontier
macroeconomics
Welfare economics
The Basic Economics Problem

The Basic Economics Problem The highlighted sentence are copying from the textbooks Scarcity ? the resources that are limited in supply so that people have to make choice to buy them. Free Goods - the resources that are unlimited in supply, like air and water on the earth. Economics Goods - the resources that are limited in supply and they are scarce. People have infinite needs and wants but there are limited resources on the earth, so that people have to make choice and have the trade-off when buying the resources. E.g. People want a big house or big flat, but there are limited lands (resources). They want so expensive food like shark fins but there are limited shark for hunting.

The Basic Economics Problem

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Economics
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economics
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Microeconomics
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macroeconomics
Welfare economics
The Basic Economics Problem

The Basic Economics Problem The highlighted sentence are copying from the textbooks Scarcity ? the resources that are limited in supply so that people have to make choice to buy them. Free Goods - the resources that are unlimited in supply, like air and water on the earth. Economics Goods - the resources that are limited in supply and they are scarce. People have infinite needs and wants but there are limited resources on the earth, so that people have to make choice and have the trade-off when buying the resources. E.g. People want a big house or big flat, but there are limited lands (resources). They want so expensive food like shark fins but there are limited shark for hunting.

Aggregate demand_ Macroecon

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Economics
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Public finance
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demand
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AGGREGATE DEMAND WITH AD, WE ARE TALKING ABOUT THE AGGREGATE DEMAND PL RISING FOR ALL GOODS AND SERVICES IN THE ECONOMY WEALTH EFFECT INTREST RATE EFFECT Decline in price level means lower intrest rates WHY IS AG DOWNSLOPING? Changes in Expectations Changes in Weath Size of existing stock of physical capital Shifts of the AD curve Fiscal Policy Monetary Policy AD= C+I+G+ (x-m) Government Policies and AD
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Economics Commentary (IB, IA)

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Economics
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economics
macroeconomics
monetary policy
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Keynesian Economics
inflation
Gross domestic product
Recession
unemployment
Fiscal multiplier
Contractionary monetary policy
Economic history of Mexico
Business

Commentary This article is about a recent decline in England?s economy, and how it may affect us on a macroeconomic level (i.e. the country?s future in regards to its, monetary policy, employment, GDP, and inflation). As England endures their economic recession we?ve seen an increase in unemployment, reductions in salaries and wages, and a decrease in consumer confidence.

Economics Commentary (IB, IA)

Subject: 
Economics
Rating: 
0
No votes yet
Tags: 
economics
macroeconomics
monetary policy
Fiscal policy
Keynesian Economics
inflation
Gross domestic product
Recession
unemployment
Fiscal multiplier
Contractionary monetary policy
Economic history of Mexico
Business

Commentary This article is about a recent decline in England?s economy, and how it may affect us on a macroeconomic level (i.e. the country?s future in regards to its, monetary policy, employment, GDP, and inflation). As England endures their economic recession we?ve seen an increase in unemployment, reductions in salaries and wages, and a decrease in consumer confidence.

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