General Concepts 2 min read
Human Capital
Introduction Definitions and Basics ● Human Capital, from the Concise Encyclopedia of Economics ● To most people capital means a bank account, a hundred…
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Saving and Investing
Introduction Definitions and Basics ● Saving, from the Concise Encyclopedia of Economics ● Saving means different things to different people. To some it means…
General Concepts 12 min read
Financial Markets
Introduction Definitions and Basics ● Stock Market, from the Concise Encyclopedia of Economics ● The price of a share of stock, like that of…
General Concepts 5 min read
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…
General Concepts 10 min read
Money
Introduction Definitions and Basics ● Money, at About.com ● Money is a good that acts as a medium of exchange in transactions. Classically…
General Concepts 10 min read
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…
General Concepts 15 min read
Barriers to Trade
Introduction ● A barrier to trade is a government-imposed restraint on the flow of international goods or services. Those restraints are…
General Concepts 3 min read
Insurance
Introduction Definitions and Basics ● Insurance, from the Concise Encyclopedia of Economics ● Insurance plays a central role in the functioning of modern economies.…
General Concepts 9 min read
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…
General Concepts 11 min read
Business Cycles
Introduction Definitions and Basics ● Business Cycles, from the Concise Encyclopedia of Economics ● The United States and all other modern industrial economies experience…
General Concepts 5 min read
Aggregate Demand
Introduction Definitions and Basics ● Keynesian Economics, from the Concise Encyclopedia of Economics ● Keynesian economics is a theory of total spending in the…
General Concepts 4 min read
Aggregate Supply
Introduction Definitions and Basics ● Aggregate Supply, at Answers.com ● The total supply of goods and services produced within an economy at a…