Macroeconomics
YouTube Video – Bridgewater founder made YouTube Videos
Economy – sum of all transactions within a country, or a certain place
Market – sum of transactions for a certain product
Controllers of Economy
•
Central Government – Fiscal Policy
•
Central Bank – called the Federal Reserve, in charge of interest rates and supply of money
•
Credit purchases are important in the economy because it allows people to buy things that
they wouldn’t necessarily have been able to buy without using credit
o
Credit is assessed by income and collateral – making sure that you won’t default
Drivers of Economy
1.
Productivity Growth
2.
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- Spring '08
- han
- Inflation, Monetary Policy, credit purchases
