Economics study sheet

Economics study sheet - indicators why the stock market...

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Economics study sheet Adam Smith Self interest – as engine for economic growth and utilization of resources Competition – as check on self interest (as way to keep prices down) Monopolies and governmental interference The “invisible hand” of the marketplace and how it regulates prices and labor costs Karl Marx The “conflict” paradigm of history How capitalism will inevitably self-destruct Bourgeois and proletariat John Maynard Keynes How capitalism will sometimes need a shove The role of government in providing that shove Supply-demand curve the relationship between price, quantity, supply and demand How the curves can shift and why they would Price elasticity Stock market What are shares, how are prices set, Boards of Directors, stock markets, stock market
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Unformatted text preview: indicators, why the stock market matters, why stock price matters, why companies go public, dividends, insider trading, SEC, Inflation-Employment Relationship between inflation and employment, what is inflation, what can the government do to manipulate either inflation or employment – spending, taxing, issuing government securities, interest rates, Trade Absolute and comparative advantage (implications of), protectionism – tariffs, quotas, subsidies, reasons for protectionism, reasons against protectionism Current recession How we got here (subprime loans, government policy, securitizing mortgages, credit defeault swaps), how the government is trying to us out (spending, home buyer credits, stabilizing banks)...
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