Ten Principles of Economics
The word economy comes from the Greek word oikonomos, which means
one who manages a household.
Scarcity means that society has limited resources and therefore cannot
produce all the goods and services peo
Measuring a Nations Income
Microeconomics is the study of how individual households and firms
make decisions and how they interact with one another in markets.
Macroeconomics is the study of the economy as a whole. The goal of
macroeconomics is to explain
Chapter 15 (unemployment)
When a country keeps it workers as fully employed as possible, it
achieves a higher level of GDP than it would if it left many of its
The problem of unemployment is usefully divided into two categories:
Chapter 13: Savings, Investment and the financial system
The financial system consists of the institutions that help to match one persons saving with
another persons investment.
Saving and investment are key ingredients to long-run economic growth:
Chapter 12: Production and Growth
Economic Growth around the world
The growth rate measures how rapidly real GDP per person grew in the typical year.
Why productivity is so important
Productivity, the quantity of goods and services produced from each unit
Chapter 11 notes
The Consumer Price Index
The consumer price index (CPI) is a measure of the overall cost of the goods and services bought
by a typical consumer.
How the CPI is calculated
1. Fix the basket: Determine which pries are most important to the
Chapter 4 Notes
Supply and demand are the forces that make market economies work
Markets and competition
The terms supply and demand refer to the behavior of people as they interact with one another in
What is a Market?
March 23, 2016
Why Am I in English 244?
English 244 is designed to prepare the students literacy skills and help develop an in
depth knowledge of the history, culture, and influence on contemporary African Americans.
Communications Week Assignment
On Wednesday April 13, 2016 during Speech Communications week we met Ms.
Hamilton which during that time she presented herself as a young entrepreneur, and someone
who is filled with success as she explains her story from co
Section 4.7: Optimization \
Ex1:A farmer has 2400 ff: of fencing and wants to fence off a rectangular field that borders a
straight river. He does not need a fence along the river (see the figure). What are the
dimensions of the field of the largest are
19010 Oakbend Drive Richmond, TX 77407 281-507-7831
Looking for a position in retail pharmacy at Walgreens as a Registered Pharmacist which will allow me
to attend to customers, dispensing drugs, and also p
August 22, 2016
What are the main challenge facing the education of Texas?
There are many challenges facing the education of Texas as far as students in Texas are
concerned, but two of them is extremely import
The Black Aesthetics
Hello my name is Samson Ebonka, and I did a video presentation over the Black
Aesthetics, and talked about the movement and why is it important by using prominent figures to
illustrate why the Black
MATH 241 Calculus 1 Test 4 Yellow
Scholastic Dishonesty: Academic dishonesty will not be tolerated, especially cheating and
impersonation. Cheating on a test or quiz, or plagiarism of other students work will result in a
0 for all students involved.
Questions related to presentation topic
1. Are the New Jim Crow Laws targeted towards minorities?
2. Are the New Jim Crow Laws the reason for racial disparity in crack sentencing?
3. Is there racism within the justice system?