Chapter 30: The Basics of Finance• How to define financial markets and the market for loanable funds. • What factors affect supply and demand for loanable funds. • What differences exist between debt, equity, and their associated assets. • What the main institutions are in financial markets. • What the risk-return trade-off is in financial assets. • Why savings equals investm...
13 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 565 | Lượt tải: 0
Chapter 29: Fiscal Policy• What the difference is between contractionary and expansionary fiscal policy. • How fiscal policy can counteract short-run fluctuations. • What challenges are associated with fiscal policies. • How to calculate the fiscal multiplier. • How revenue and spending determine a government budget. • What the difference is between government deficit...
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Chapter 28: Aggregate Demand and Aggregate Supply• What the components of aggregate demand (AD) are and why the AD curve slopes downward. • What the components of aggregate supply (AS) are and why the AS curve slopes upward. • What factors shift AD and AS. • What differences exist between the short and long run. • What the short‐ and long‐run effects of shifts in AD and AS are. • What policy...
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Chapter 27: Unemployment and the Demand for Labor• How economists measure employment and unemployment. • How minimum wage rates and unionization can cause unemployment. • Why there is a natural rate of unemployment. • Why there is a cyclical component of unemployment. • What factors may stop wages from falling to the equilibrium level. • What challenges are associated with unemployment insur...
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Chapter 26: Economic Growth• How to calculate growth rate of real GDP per capita. • What the relationship between productivity and growth is. • What the factors that determine productivity are. • Why there are differences between a country’slevel of income and its rate of growth. • How to assess evidence for and against convergence theory. • How good governance and econ...
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Chapter 25: The Cost of Living• What a market basket is and why it’s important. • How to calculate and use a price index. • How to identify challenges the Bureau of Labor Statistics (BLS) faces when measuring inflation. • How the BLS responds to these challenges. • How to calculate the inflation rate using three methods. • How to adjust nominal values into real values. • ...
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Chapter 24: Measuring the Wealth of NationsWhat will you learn in this chapter? • How to calculate gross domestic product (GDP). • Why each component of GDP is important. • What different approaches are used to calculate GDP. • What the difference is between real and nominal GDP. • How to calculate the GDP deflator, GDP per capita, and the real GDP annual growth rate. • What limitatio...
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Chapter 23: Public Policy and Choice Architecture• How to define choice architecture, and how nudges influence individual decision making. • In what ways human decision‐making does not conform to the model of full information and rational choices. • How demand for commitment devices can be rational. • How default rules affect people’s choices and the implications for policy. • How framing aff...
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Chapter 22: Political Choices• What the predictions and assumptions of the median-voter theorem are. • What the characteristics of ideal versus real voting systems are. • How to explain the idea of a rational voter and rational ignorance. • Why policies that provide concentrated benefits to a few while imposing diffuse costs on the majority persist. • Why corruption and re...
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Chapter 21: Poverty, Inequality, and Discrimination• What the difference is between relative and absolute measures of poverty. • How to explain different methods of measuring income inequality. • How income mobility differs from income equality. • What public policies reduce poverty and inequality and what the trade‐off is between equity and efficiency. • What relationship demographic differenc...
10 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 532 | Lượt tải: 0
