カテゴリー 全て - efficiency - markets - productivity - economy

によって Yoan Sebastian Sepulveda Murillo 4年前.

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Economy

The study of economics revolves around the allocation of limited resources and how this process can be optimized to achieve efficiency and equity. Central to this field are the concepts of consumption, investment, and public spending, which are influenced by individual decisions and the interaction of these choices within the broader economy.

Economy

Economy

Allocation of scarce resource

Develops allocation process
Efficiency Equity
Means

Earth Capital Job Business knowledge or skill

Shortage

Trase-offs and opportunity

different purposes

Consumption Investment Public spending Imports and exports

Individual decision marking
How they think

individuals respond to incenives

Negative and positive

People think in marginal terms

Decisions that are more convenient concidering a unit

Opportunity cost

What is renounced

People face tradeoffs

choice options

Interaction of individuals

How they interact

The govermment can improve the performance of the economy

Equity through different economic policies

Markets are mechanisms to regulste the economy

Meet the need of both parties

Trade can improve welfare

Exchange of goods or services

Functioning of the economy as a whole

How does it work

Relationship between macroeconomic variables

Variable of unemployment and inflation

Prices risewhen there is money supply

The more money, the easier it is to purchase goods or services

Standard of living depends on productivity

the total of products produced

Microeconomics Macroeconomics
Vision of the economy at ajoint level
Normative economics positive economy

How the things are

How should things be

Flow variable analysis stock variable analysis

Analysis at exact moment

Long-term analysis

Vision of the economy of the individual level