Economics Part A Table of Contents Introduction Fundamentals of Micro-Economics Course Objectives Introduction to Economics What is a Curve Naming of Curves The Shape of the Curve Illustrates the Point Forming the Curve – Explained Micro-economics – Macro-economics Declining Marginal Output and Increasing Marginal Costs Diminishing Marginal Returns Explained The Meaning and Proper Use of Marginal Output Increasing Marginal Cost The New Carpenters Production Costs Production Possibilities Curve Background to the Production Possibilities Curve Shape of the Production Possibilities Curve With an Illustration Under-use of Resources Opportunity Cost Definition Three Types of Costs Other Examples of Marginal Cost Shifts in the Production Possibilities Curve Causes of Improvement in Manufacturing Capability Causes of Decline in Manufacturing Capability Marginal Cost Production Possibilities Curve – A Summary The Purpose of the Scenarios Comparative Advantage Comparative Advantage Explained With an Illustration Barter System Explained Trade Between Countries Using the Barter System How to calculate the price Understanding What is Absolute Advantage Comparative Advantage Proper Use Consumption Possibilities Curve Explained Definition of Gross Domestic Product Gross Domestic Product and National Accounts GDP – Gross Domestic Product Calculating Gross Domestic Product for a Country The Difference Between Capital Goods and Consumer Goods Methods of Calculating GDP or Gross Domestic Product GDP is also the national income Calculating GDP for a Country with Imports GDP Calculation Process The Uses of GDP (Gross Domestic Product) The effect of Imports National Accounts Gross Investment and Net Investment GDP vs. NDP Capital Investments Constitute a Nations Savings The Sources and Uses Form Understanding The PPC Curve GDP and NDP National Accounts – Summary Demand and Supply Market Supply Curve – Explanation Demand Curve Definition Market Equilibrium Price Explained Relationships Between Types of Products Elasticity of the Supply and Demand Curve The Connection between Price and Revenues Government Influence on the Market Price Supply and Demand in the Rest of the World The Household Introduction to Household Understanding What is Lorenz Curve Understanding Gini Index – What is it? Progressive Taxation, Regressive Taxation and Flat Tax The Consumption Curve Explained The Central Bank The Function of Commercial Banks What Money Is Bank Lending The process by which the bank increases the money supply The Reserve Ratio Bankruptcy How To Make the Money grow? Reserve Ratio and Money Supply The Effect of Michael’s Gift According to a Different Scenario Bank Balance Sheet Format Deposit Multiplier and Loan Multiplier Understanding The Monetary Base The Central Bank Appendix A- The Financial Statements of a Firm Income Statement Example – Simplified National Accounts – Summary Market Supply Curve – Explanation Demand and Supply National Accounts – Summary Market Supply Curve – Explanation You may also like Investments Why planning for long-term care expenses is a must for aging Americans Investments 5 Expert Tips for Managing Financial Risk in Uncertain Times Investments Diversification is Key: Understanding the Importance of Asset Allocation
