TAILIEUCHUNG - Ten Principles of economics

Tham khảo sách 'ten principles of economics', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | IN THIS CHAPTER YOU WILL . . . Learn that economics is about the allocation of scarce resources Examine some of the tradeoffs that people face Learn the meaning of opportunity cost See how to use marginal reasoning when making decisions TEN PRINCIPLES OF ECONOMICS Discuss how incentives affect people s behavior The word economy comes from the Greek word for one who manages a household. At first this origin might seem peculiar. But in fact households and economies have much in common. A household faces many decisions. It must decide which members of the household do which tasks and what each member gets in return Who cooks dinner Who does the laundry Who gets the extra dessert at dinner Who gets to choose what TV show to watch In short the household must allocate its scarce resources among its various members taking into account each member s abilities efforts and desires. Like a household a society faces many decisions. A society must decide what jobs will be done and who will do them. It needs some people to grow food other people to make clothing and still others to design computer software. Once society has allocated people as well as land buildings and machines to various jobs 3 Consider why trade among people or nations can be good for everyone Discuss why markets are a good but not perfect way to allocate resources Learn what determines some trends in the overall economy 4 PART ONE INTRODUCTION scarcity the limited nature of society s resources economics the study of how society manages its scarce resources Ji it must also allocate the output of goods and services that they produce. It must decide who will eat caviar and who will eat potatoes. It must decide who will drive a Porsche and who will take the bus. The management of society s resources is important because resources are scarce. Scarcity means that society has limited resources and therefore cannot produce all the goods and services people wish to have. Just as a household cannot give every member .

• Quản trị kinh doanh
• Principles of economics
• face tradeoffs
• cost
• rational
• incentives
• markets
• economic
• Lecture Principles of economics
• Ten principles of economics
• People face tradeoffs
• Opportunity cost
• Marginal changes
• Economics of information
• Consumer choice
• Free rider problem
• Market transactions
• Welfare Economics
• Consumer surplus
• Demand curve
• Efficiency of markets
• Nature of an externality
• Market inefficiency
• Negative externalities
• Principles of microeconomics
• Lecture Principles of microeconomics
• Scarce resources
• Scarcity implies choice
• Choice implies cost
• Principles of agricultural economics
• Agricultural economics
• Economics of agricultural production
• Theory of consumer behaviour
• Economics of market demand
• Dynamics in demand analysis
• Analysis of agricultural markets
• Agricultural markets
• Economics of trade
• Costs of taxation
• Deadweight loss
• Laffer curve
• Supply side economics
• Market forces
• Supply and demand
• Market economies
• Competitive Markets
• Thinking like an economist
• Economic models
• Circular flow diagram
• Production possibilities frontier
• The gains from trade
• Production possibilities
• Comparative advantage
• Absolute advantage
• Costs of production
• Total revenue
• Total cost
• Opportunity costs
• Price elasticity of demand
• Price elasticity
• Midpoint method
• Demand curves
• Factors of production
• Demand for labor
• Production function
• Marginal product of labor
• Controls on prices
• Price ceiling
• Price floor
• Market outcomes
• Theory of consumer choice
• Budget constraint
• Indifference curve
• Marginal rate of substitution
• Measuring nation’s income
• Economy’s income
• Gross domestic product
• Components of GDP
• International trade
• Determinants of trade
• Equilibrium without trade
• Production and growth
• Economic growth
• Monetary system
• Functions of money
• Federal reserve
• Central bank
• Open economy macroeconomics
• Economy macroeconomics
• Closed economy
• Open economy
• Public goods
• Common resource
• Types of goods
• Cost benefit analysis
• Aggregate demand
• Aggregate supply
• Short run economic fluctuations
• Economic fluctuations
• Tax system
• Federal Government
• Marginal tax rate
• Budget surplus
• Macroeconomic policy
• Debate over macroeconomic policy
• Stabilize the economy
• Monetary policy