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Macroecomonics
Micronomics
International
Personal
Fundamentals
100
The big picture of the economy like Federal Reserve
What is macroeconomics ?
100
input and output of money and service in the economy
What is microeconomics
100
when someone is able to produce more of a given product than another it has an absolute advantage.
What is absolute advantage ?
100
Banks savings insurance
what is personal?
100
Scarcity Land Labor Opportunity Cost
What is fundamental?
200
MONEY SUPPLY AND FEDERAL RESEVE
What does monetary policy focus on ?
200
product market firms ( businesses) Households ( yo manma) Factor Market
What are the 4 major factors microeconomic
200
MONOPOLY OLIGOPOLY PERFECT COMPETION MONOPOLY COMPETION
What has relation to internatonal?
200
policy premium
What documenment do you sign and what do you pay on that document?
200
Entrepreturship Land Labor Capital
What is factors of production?
300
THE GOVERNMENT, PRESIDENT, CONGRESS
What does FISCAL POLICY FOCUS ON ?
300
C+I+G+(X-M)
What is the formula for the GDP ( Gross Domestic Product)?
300
monopoly is where 1 firm have over all advantage of production oligopoly few firms have high rank in producing a product
What is a monoopoly and a oliopoly ?
300
collateral high ARP ( pending on your credit)
What do banks place on loans to grantee the will get there money back?
300
what you give up for the better alternitive
What is opportunity cost ?
400
at the EQUILIBRIUM
Where does aggregated demand and supply cross ?
400
spending money goods and services are purchased
What is OCCURING WITH MONEY AND GOODS AND SERVICES WHEN GOING FROM HOUSEHOLD TO PRODUCT MARKET?
400
absolute advantage in both good they could olny have the comparitive advantage in 1 good
What is different about absolute advantage?
400
Cant over draft and it does not effect your credit
What is so speical about a savings?
400
unlimted wants and limited needs
What is scarcity?
500
Aggregated demand is down and aggregated supply in up it is related to the supply curve (up) and demand curve (down)
What is aggregated demand and aggregated supply? and it relation?
500
CYCLICAL if inflation occured then there would be a downturn in the economy and that is the definition on CYCLICAL UNEMPLOYMENT
Which type of unem[ployment will occur if inflation took place?
500
if you import more than you export
How do you create a trade deffict?
500
with good credit- you can purshase a house, car and other high prised items with bad credit- you wont be able to purshase high price item because either you dont pay bills on time or you only pay the minimum or DONT PAY THEM AT ALL
What is the risk with credit ?
500
INVESTING IN EDUCATION
What is human capital ?