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Oeconomus: US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing.
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Sunday, 17 October 2010. US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing. The message of today's speech is that chairman Bernanke thinks that US inflation is dangerously low, that unemployment is dangerously high, and that growth can and should be much faster than it is now.”. 17 October 2010 at 18:25. So what can be done about it? 18 October 2010 at 20:48. Subscribe to: Post Comments (Atom). Ecstatic over bad news sentences to ponder. Truth on the Market.
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Oeconomus: Micro and Macro
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Monday, 11 October 2010. Micro , deriving from Mikros, ancient greek for 'small' microeconomics is the term used for the study of how households and business make their decisions and interact with markets. Macro, deriving from Makros, Ancient greek for 'large' is a study how economies as a whole function. Subscribe to: Post Comments (Atom). Ecstatic over bad news sentences to ponder. Truth on the Market. Historic Chart of the Day. Carbon trading scheme in trouble. Example 2: same chapter.
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Oeconomus: Money
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Sunday, 10 October 2010. There are 3 main purposes for money.1)its is used as a medium of exchange. 2)Its a unit of account, helping us to judge the value of something. 3)Its a store of value meaning that it will not lose its worth over time(quite arguably with paper money! Types of money: Commodity money:have intrinsic value. like gold, rice,silver. Subscribe to: Post Comments (Atom). Ecstatic over bad news sentences to ponder. Truth on the Market. Historic Chart of the Day. Example 2: same chapter.
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Oeconomus: Monetarism
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Monday, 4 October 2010. Monetarism is a school of economics that studies the impact of monetary policy in the state of national income. Within this department of economics there are a number of theoretical and ideological differences. Monetarism as a contemporary school of economics was built around 1956. His birth is considered the publication of Milton Friedman called. Quantity theory of money. Additional consumption will cause a temporary increase in living standards. This view stood in sharp contrast...
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Oeconomus: September 2010
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Thursday, 30 September 2010. Generally speaking,capitalism is the system where capital(the companies, equipment and structures used for producing goods and service) is owned not by the state but by private indyviduals.But most of the books dont even bother to define it.Its a mulit-dimensional system unlike the communism.Capitalism as a MONGREL. It has been criticized many times for exploiting the employees and is prone to the formation of monopolies. Wednesday, 29 September 2010. Sunday, 26 September 2010.
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Oeconomus: Marginal Revolution
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Saturday, 9 October 2010. The Idea of Marginal utility blossomed under economist, Alfred Marschall who propounded the idea that consumers make decisions based on marginal consideration. Previously attention had focused more on supply and demand, he emphasized that consumers`s desires should also be considered. Subscribe to: Post Comments (Atom). Ecstatic over bad news sentences to ponder. Truth on the Market. Historic Chart of the Day. Carbon trading scheme in trouble. Example 2: same chapter.
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Oeconomus: Deflation
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Tuesday, 19 October 2010. Reducing money supply in the market resulting in an increase in the purchasing power of money. Colloquially its a decline in the average level of prices, a situation where for the same amount of money you can buy more goods of goods and services. The opposite of inflation is deflation. 1)reduction in profitability of production. 2)increasing of the purchasing power of the working part of society. 3)consumption and industrial orders are delayed(in anticipaton of lower prices).
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Oeconomus: Individualism
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Thursday, 7 October 2010. Austrian economists emphasize the importance of freeing up the indywidual to take her or his choices. This austrian laissez-faire influenced some of the biggest reform in 20th-century economics, for it was, at least partially, the ideas of the Austrian School that inspired both Ronald Reagan and Margaret Tchtcher to push forward their free-market reforms. They recognized that the focus should not be on top-down economics, but indywiduals wants and desires. Truth on the Market.
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Oeconomus: Communism
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Tuesday, 5 October 2010. Karl Marx in his (in)famous magnus opus' Das Kapital' stated that societies are in the midst of a process of evolution from less sophisticated and less fair, economic systems toward much brighter destiny . Having started off in feudal state, through mercantilism and modern capitalism, humanity would naturally improve, finally finding the best political system. Marx, argued that this system was communism. 5 October 2010 at 17:10. Subscribe to: Post Comments (Atom).
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Oeconomus: Example: Chapter 1 summary
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Thursday, 28 October 2010. Example: Chapter 1 summary. Economics is the study of how to allocate scarce resources in the most effective way. Economics is divided into two traditional fields: Microeconomics and Macroeconomics. Microeconomics is the study of how households (group of people whose spending decisions are connected) and firms make decisions in markets. Macroeconomics is the study of issues that affect economies as a whole. Choice is the selection of appropriate alternatives. Entrepreneurship: ...
