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ECON 205 Lecture (4.16.2008)

ECON 205 Lecture (4.16.2008) - o Two tools Taxation...

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ECON-205 Lecture 4-16-2008 Factors that influence investment - The role of expectations o Depends on two variables Risk (one known probability) Uncertainty (several unknown probabilities) - The role of income - The role of technology and innovations - The role of the market o From the selling side, we have four markets Pure competition Monopoly Monopolistic competition Oligopoly - The role of government
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Unformatted text preview: o Two tools Taxation Policies-The role of finance (banking system) Capitalism means “aggregate demand” Total spending Public debt: how much the government owes the people of America Deficit (Expenditures > Revenues) Balance (Expenditures = Revenues) Surplus (Revenues > Expenditures) Multiplier = change in income / change in investment (spending)...
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