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GlobalEconomy Review

GlobalEconomy Review - Global Economy Review for Final Exam...

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Global Economy Review for Final Exam Here are some important concepts from the readings and lectures of this class, with which you  should be familiar. This list is not necessarily exhaustive of the important concepts of this class, but it  is a good starting point for review. It is possible that concepts not on this list could be on the exam.  Good luck studying! Financial Bailout (causes, incentives, and problems with government aid package) Utility Relativity Opportunity cost Amorality of the market Scarcity Incentive structures Perverse incentives Tragedy of the Commons – and solutions Short-term vs. long-term (of trade, for instance) Societal/group vs. individual (for example, GDP and distribution of wealth, branding, effects of trade) Positive and negative externalities Public goods Free riders Moral Hazard Too big to fail Bubbles Federal Reserve Monetary supply
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