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And so microeconomics is how do people decide where to put those scarce resource, how do they decide where to deploy them. Imagine a waste-free future for your business, your family, and yourself A circular economy is an economic system designed to save money, eliminate waste, and achieve deep sustainability. Economists assume that people work toward maximizing their utility, or happiness, and firms act to maximize profits. jpg","width":250,"height":350},"authors":[{"authorId":9475,"name":"Roberto Pedace","slug":"roberto-pedace","description":"
Roberto Pedace, PhD, is an associate professor in the Department of Economics at Scripps College. With the simple explanations in this book, you’ll master key topics like supply and demand, consumer behavior, and how governments and central banks attempt to avoid—or at least ameliorate—business downturns and recessions.
p>Peter Antonioni is a senior teaching fellow at University College London. When it comes to the interaction of politics, business decisions, consumer actions, and monetary policy, the study of economics is international in scope. From supply and demand to market competition, you'll understand how the economy works on an individual level, and how it affects you every day. A recession occurs when the overall level of economic activity in an economy is decreasing, and an expansion occurs when the overall level is increasing. com","bookOutOfPrint":true,"authorsInfo":"\n
Sean Flynn, PhD, is an associate professor of economics at Scripps College in Claremont, California.
And that's why I point out that it was published in the same year as the American Declaration of Independence, because obviously America, the Founding Fathers, they wrote the Declaration of Independence, the Constitution, that really talks about what it means to be a democratic country, what are the rights of its citizens. Conclusions, which you might feel very strongly about, because it looks like you've proven them in the same way that you might prove relativity, but they were based on some assumptions that either might be wrong, or might be over-simplifications, or might not be relevant to the context that you're trying to make conclusions about. p>\n\n
Public goods: Private firms can’t make money producing certain goods or services because there’s no way to exclude nonpayers from receiving them. jpg","width":250,"height":350},"authors":[{"authorId":34910,"name":"Robert Graham","slug":"robert-graham","description":"
Robert Graham, PhD, is a Professor of Economics with an extensive administrative background, serving for three-and-a-half years as the Interim Vice President and Dean of Academic Affairs at Hanover College.
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- An excellent resource for anyone participating in a college or graduate level econometrics course
- Provides you with an easy-to-follow introduction to the techniques and applications of econometrics
- Helps you score high on exam day
If you're seeking a degree in economics and looking for a plain-English guide to this often-intimidating course, Econometrics For Dummies has you covered. Economic Indicators For Dummies breaks down dozens of statistics and patterns to give you a better understanding of how various sources of data and information can be used. p>\n
Anti-recessionary economic policies come in two flavours:
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Monetary policy uses an increase in the money supply to lower interest rates. Economics helps us understand individual behaviours (to an extent), and eventually understand national economies through macroeconomics.
p>Manzur Rashid, PhD, has taught economics at University College London and Cambridge University. This is why rigorous training in applied mathematics and statistics is a necessary, but not sufficient step in becoming a good economist. Taking a fun, step-by-step approach to the topic, this great guide provides an engaging introduction to macroeconomics and then delves into more specific topics, such as business cycles, inflation, unemployment, domestic output, monetary policy, and much more. Several prerequisites must be fulfilled before perfect competition can work properly and generate that output level. p>- Understand supply, demand, and equilibrium
- Examine the consumer decision making process
- Delve into elasticity and costs of production
- Learn why competition is healthy and monopolies are not
Even the brightest business students can find economics intimidating, but the material is essential to a solid grasp of how the business world works.
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