Transcription of An Overview of Economics
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1 Macroeconomics: an introduction Chapter 1 An Overview of Economics Internet Edition 2009 (as of Dec. 12, 2008) Copyright 2005-2009 by Charles R. Nelson All rights reserved. ** Outline Preview What are the Economy and Economics ? The Standard of Living Income Inequality The Productivity of Labor economic Growth The Four Sectors of the Economy Business Households Government The Rest-of-the-World What is Microeconomics? What is Macroeconomics? Credit Crisis of 2008 and Recession Now! The Twin Deficits: International Trade and the Federal Budget. The Challenge of Globalization Social Security and Medicare; Will They Impoverish the Young? Will We Have Inflation, Recession, or Both?
Macroeconomics: an Introduction Chapter 1 An Overview of Economics Internet Edition 2009 (as of Dec. 12, 2008) ... Modern economics returns the compliment by providing the ... and environmental amenities. Welfare is another word that
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