Economics
Productive Resources
Introduction ● A resource is something we rely on or use to accomplish a goal. If you are trying…
August 19, 2021 · Prabhu TLEconomics
Economics
Globalization, Interdependence, and Local Trade
Introduction Definitions and Basics ● Interdependence and the division of labor: I, Pencil, by Leonard Read. ● Simple? Yet, not a single person…
August 19, 2021 · Prabhu TLEconomics
Human Capital
Introduction Definitions and Basics ● Human Capital, from the Concise Encyclopedia of Economics ● To most people capital means a bank account,…
August 19, 2021 · Prabhu TLEconomics
Saving and Investing
Introduction Definitions and Basics ● Saving, from the Concise Encyclopedia of Economics ● Saving means different things to different people. To some…
August 19, 2021 · Prabhu TLEconomics
Positive and normative economics
As a social science, economics attempts to use the principles and methods of science to explain economic behaviour.…
August 19, 2021 · Prabhu TLEconomics
Financial Markets
Introduction Definitions and Basics ● Stock Market, from the Concise Encyclopedia of Economics ● The price of a share of stock, like…
August 19, 2021 · Prabhu TLEconomics
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…
August 19, 2021 · Prabhu TLEconomics
Money
Introduction Definitions and Basics ● Money, at About.com ● Money is a good that acts as a medium of exchange in…
August 19, 2021 · Prabhu TLEconomics
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…
August 19, 2021 · Prabhu TLEconomics
Barriers to Trade
Introduction ● A barrier to trade is a government-imposed restraint on the flow of international goods or services. Those…
August 19, 2021 · Prabhu TL