Macroeconomics provides an introduction to economic principles and market forces including supply …
Macroeconomics provides an introduction to economic principles and market forces including supply and demand, unemployment, inflation, international trade and capital flows, monetary policy and banking, fiscal policy and globalization.
This course is a comprehensive introduction to the structure of the American …
This course is a comprehensive introduction to the structure of the American economy as compared to other economic structures. Supply and demand, GDP, inflation, monetary policy, money and banking, taxation, economic growth, international exchange and comparisons of classical, Keynesian and monetarist economic philosophies are presented. It is required for business majors planning to transfer to 4-year business programs in the state of Washington.Login: guest_oclPassword: ocl
Microeconomics provides an introduction to economic principles and market forces including supply …
Microeconomics provides an introduction to economic principles and market forces including supply and demand, labor and financial markets, elasticity, consumer choices, cost and industry structure, competition, monopoly, negative and positive externalities, economic inequality, financial markets, international trade, globalization and protectionism.
This course is a comprehensive introduction to the functions of the market …
This course is a comprehensive introduction to the functions of the market system including allocation of scarce resources, production of goods and services, determination of prices, output and profit maximization in competitive and monopolistic markets. It is required for business majors planning to transfer to 4-year business programs in the state of Washington.Login: guest_oclPassword: ocl
Principles of Economics is adapted from a work produced by a publisher …
Principles of Economics is adapted from a work produced by a publisher who has requested that they and the original author not receive attribution. This adapted edition is produced by Margo Bergman at the University of Washington Tacoma.
Economics assume that exchange happens voluntarily, but sometimes exchange results in spillover …
Economics assume that exchange happens voluntarily, but sometimes exchange results in spillover effects called externalities. In this video, Professor Sean Mullholland of Stonehill College defines externalities and explains both public and private solutions to the problem.
Paradoxically, while natural disasters clearly destroy wealth, they also seem to create …
Paradoxically, while natural disasters clearly destroy wealth, they also seem to create wealth and employment when the damages are repaired. But 19th century French economist Frédéric Bastiat argued that this idea is a fallacy and fails to take opportunity costs into account. In this video, philosophy professor Dan Russell of the University of Arizona defines opportunity costs and explains the importance of Bastiat’s realization on contemporary economics.
Political Economists are concerned with the allocation of scarce resources in a …
Political Economists are concerned with the allocation of scarce resources in a world of infinite wants and needs. In order to allocate these resources, politics are used within a state to provide for the people. Political economy is the study of the relationships between individuals and society, and more specifically, the relationships between citizens and states.
Political economy is a study of philosophy and ideology that studies the evolution of political and economic ideas. Political economy is a mixture of politics, economics, sociology, philosophy, and history, which all bring together evidence to the study of how humans exist within societies. Political economists study political ideology, economic structure, human interaction, human nature, and theories in philosophical thought. It is a study that studies not only the mechanics of a particular structure, but also the reasoning behind why a structure is regarded to be the best by various people with different beliefs.
The study of political economics can be split into two different sections, one which is Classical Political Economy and the other which is Modern Political Economy. The classical branch studies range from the conservative philosophers such as Machiavelli to liberals such as Adam Smith to the critiquers of liberalism such as Marx. The modern branch studies range from social liberals such as Keynes to modern political economists whose works deal with a multitude of issues including foreign trade and globalization.
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