Basis of Economics

By Sharyl Constine

This book serves primarily as the very basic and fundamental things in economy and can serve as a learning material for the curriculum in Economy 101. Sharyl Constine, a graduated Bachelor, currently working in the field of investing and finance, believes that this little book will help the students in their studies, as lots of analysis and calculations (for ex. the factors of production and their prices) have been taken into account here. The main subject is microeconomics and macroeconomics, as one could expect, as well as the role of the state in regulating businesses and domains of market failure. The basis studies the functioning of the economy as a whole. In this context, attention is focused on the most significant economic sizes: gross domestic product (GDP), inflation, unemployment, savings, investments, exchange rates etc...

Sharyl Constine wrote this book on her own, when she became "The Journalist". She is a graduated economist focused on news from various sectors (investment, finance, and general economy). She believes that this book will work for anyone who is looking for a way to start working in the area from home.

• Language: English
• Publisher: Sharyl Constine
• Release date: Sep 10, 2016
• ISBN: 9781387149292

Book preview

Basics.

EXERCISE NR. 1

INTRODUCTORY NOTES REVIEW

1. Teaching content

2. Literature

3. Rules for the preparation of papers

4. Draft topics for the project task

LEARNING OBJECTIVES

After completing this exercise, you should be able to:

Understand the teaching content and basic literature they are about Prepares the exam on Basics of economics;

Understand the rules and criteria for preparing a project assignment;

Select a theme for preparing a project task.

INTRODUCTORY NOTES

1. TEACHING CONTENT

The curriculum based on Economics Basics covers the selection of eight chapters from Microeconomics and eight chapters of macroeconomics. In addition, the following are covered

Thematic content:

Microeconomics:

The economy as a science

Basic economic concepts

The basic elements of demand and supply

Fundamentals of production theory

Cost analysis

Perfect competition

Monopoly and barriers to entry

Oligopoly

Macroeconomics:

Key macroeconomic notions

Measuring the total economic activity - GDP

Consumption, savings and investments

Money and banks

Fiscal policy

Monetary policy

International Economics

Macroeconomics today

2. LITERATURE

Basic literature according to which are prepared lectures and exercises on the subject Basics of economics are: Fit, T. (2006). Economy: Fundamentals of economy, Economic Faculty - New York, University St. Cyril and Methodius - New York. Considering that this matrix is ​​fairly large, the teaching content is reduced for the following chapters: 4, 10, 11, 12, 15, 16 and 19. The correspondence with the subject teacher is accomplished through the e-learning platform. Specific questions may be asked to the subject teacher on the following email: