Financial Markets
Introduction Definitions and Basics ● Stock Market, from the Concise Encyclopedia of Economics ● The price of a share of stock, like that of any other financial asset, equals the present value of the…
Foreign Currency Markets and Exchange Rates
Introduction Definitions and Basics ● Foreign Exchange, from the Concise Encyclopedia of Economics ● The foreign exchange market is the market in which foreign currency--such as the yen or euro or pound--is traded for…
Money
Introduction Definitions and Basics ● Money, at About.com ● Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account,…
Balance of Trade and Balance of Payments
Introduction Definitions and Basics ● Balance of Payments, from the Concise Encyclopedia of Economics ● The balance of payments accounts of a country record the payments and receipts of the residents of the country…
Barriers to Trade
Introduction ● A barrier to trade is a government-imposed restraint on the flow of international goods or services. Those restraints are sometimes obvious, but are most often subtle and non-obvious. ● The…
Insurance
Introduction Definitions and Basics ● Insurance, from the Concise Encyclopedia of Economics ● Insurance plays a central role in the functioning of modern economies. Life insurance offers protection against the economic impact of an…
Employment and Unemployment
Introduction Definitions and Basics ● Unemployment, from the Concise Encyclopedia of Economics ● Each month, the federal government's Bureau of Labor Statistics randomly surveys sixty thousand individuals around the nation. If respondents say they…
Business Cycles
Introduction Definitions and Basics ● Business Cycles, from the Concise Encyclopedia of Economics ● The United States and all other modern industrial economies experience significant swings in economic activity. In some years most industries…
Aggregate Demand
Introduction Definitions and Basics ● Keynesian Economics, from the Concise Encyclopedia of Economics ● Keynesian economics is a theory of total spending in the economy (called aggregate demand) and of its effects on output…
Drawing for Architects Basics: Line Weights
Line weight is the visual lightness, darkness, or heaviness of a line within a drawing. In any architectural drawing, from a sketch to a construction drawing, the interplay of different…
