Economics- |
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Economics-
What is it about?
Understanding the reasons why:
What will happen when oil eventually runs out?
Why can't the Mint just print more money?
Why can't we just pay doctors and nurses more money?
The unemployed should make an effort to get a job!
Why can't I just get a grant to go to university?
Why the big deal when interest rates change?
Inflation. No idea what it is other than tyre pressure.
We should fine polluters so they stop doing it!
We should wipe out 3rd world debits.
Not another strike! Why don't they just go back to work?
Economic Decisions Affect
Individuals
Governments
Businesses
Exercise 1
Write down 5 of your own questions or statements you think have something to do with economics.
1.
2.
3.
4.
5.
How to enroll for this subject
At the end of this information night I can provide enrollment forms
Email me at jrivers@bsc.edu.de for an enrollment form
For more examples of Economic Issues visit this site
These are two examples of the kind of topics we will be covering during the course of the year.
One
The Government is going to introduce fines as a deterrent against polluting
How much should you fine?
Who is going to enforce this?
What about pollution accidents?
Where will the money come from to pay people to enforce this?
What happens if this puts some producers out of business?
Two
Financial Markets
What is Consumer Surplus?
Value
Price
Utility
What is Composite Demand?
More than one use
Rise in D for X - Fall in S of Y
What is Joint Supply?
Supplied for more than one purpose
Rise in D for X - Rise in S of Y
What are Factor Markets?
Labour
D for Employers Labour
S for Employees Labour
Wage Rate
Capital
Interest
Funds for Loans
D for equipment & machinery
Land
S of Land
D of Land
Rent
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