Chapter 1. Economics: The Study of Choice
Start Up: Economics in the News
2008 seemed to be the year of economic news. From the worst financial crisis since the
Great Depression to the possibility of a global recession, to gyrating gasoline and food
Chapter 2. Confronting Scarcity: Choices in Production
Start Up: Tightening Security at the Worlds Airports
Do you want safer air travel or not? While that question is seldom asked so bluntly, any
person who travels by air can tell you that our collective
Chapter 20. Macroeconomics: The Big Picture
Start Up: Financial Crisis Batters Economy
The U.S. economy seemed to be doing well overall after the recession of 2001. Growth
had been fairly rapid, unemployment had stayed low, and inflation seemed to be unde
Alsamerai, William T.
Battaglia, Tyler J.
Bednarek, Brendan P.
Where is China?
of the Pacific
Population of China
The Population of
ECON2020: Economics II
HW7 Questions: Suggested Answers in Blue
1) When the economy is close to or at full employment why is it difficult for the Fed to decide
whether or not to change its interest rate target in the federal funds market?
a. An increase in price level will decrease the real value of household wealth and
increase the interest rates. There will be a decrease in the consumption and investment.
This will result in a decline in the c
Growth rate of real GDP in 1991 = (8,015 -8,034 / 8,034) * 100 = -0.24
Growth rate of real GDP in 1992 = (8,287 -8,015 / 8,015) * 100 = 3.39
Growth rate of real GDP in 1993 = (8,523 -8,287 / 8,287) * 100 = 2.85
Major Push by White House to Increase Computer Science Skills
The White House announced on Saturday a $4 billion proposal to make computer science a
new "basic skill."
The funding will be included in President Barack Obama's forthcoming fiscal 2017 budget
Stock Price 100.00
Tesla Motors was founded in 2003 by a group of engineers including JB Straubel, Martin
Eberhand, Ian Wright, Marc Tarpenning, and Elon Musk, the current CEO. Teslas engineers first
A multi-national corporation.
A provider of agricultural products.
Produces herbicides (round-up) for the residential market.
Products: Herbicides, fertilizers, GMOs (Genetically modified organisms), &
rBGH (growth hormone for cows).
Iran, China agree $600 billion trade deal after sanctions
Iran and China agreed to expand bilateral ties and increase trade to $600 billion in the next
10 years, President Hassan Rouhani said on Saturday during a visit to Tehran by Chinese
President Xi Ji
Fiscal Policy is the use of government spending and taxes to influence the nations
output, employment, and price level. If I were President of the U.S. and wanted to expand the
economy, I would increase government spending and decrease taxes so citizens w
Supply and Demand
Summary and Introduction to Demand
In microeconomics, demand refers to the buying behavior of a household. What does this mean?
Basically, microeconomists want to try to explain three things:
Why people buy what they buy
The total income earned by the citizens of the national economy as a result of their ownership of resources
used in the production of final goods and services during a given period of time, usually one year. This is
the government's offic
Chapter 32. A Brief History of Macroeconomic Thought
Start Up: Three Revolutions in Macroeconomic
It is the 1930s. Many people have begun to wonder if the United States will ever escape
the Great Depressions cruel grip. Forecasts that p
Sweden is an export-orientated mixed economy. It has a population of
9.6 Billion and is apart of the European Union. As of 2015 Swedens GDP is
$570.59 Billion (USD) and its growth rate as of July 2015 is 3.3%.