Monday, May 24, 2021

Economics Study Guide Version 2

 Key Terms Economics Study Guide


Key Terms-Final Review

Directions: Review the key terms listed below. Select 10 terms you are not familiar with. Review the 10 terms in your textbook. Post the 10 terms with an explanation of the key term. Include the page number from the text book where you found the explanation of the key term.


  1. ·       Entrepreneur

  2. ·       Land

  3. ·       Human Capital

  4. ·       Production Possibilities Curve

  5. ·       Competition

  6. ·       Free Market

  7. ·       Safety Net

  8. ·       Market Economy

  9. ·       Socialist

  10. ·       Innovation

  11. ·       Public Goods

  12. ·       Elasticity

  13. ·       Elastic Supply

  14. ·       Subsidies

  15. ·       Market Supply Curve

  16. ·       Supply Curve

  17. ·       Inelastic

  18. ·       Black Market

  19. ·       Rent Control

  20. ·       Sherman Antitrust Act

  21. ·       Antitrust Laws

  22. ·       Sole Proprietorship

  23. ·       Closely Held Corporation

  24. ·       Glass Ceiling

  25. ·       Labor Union

  26. ·       Finance Company

  27. ·       Banking before Civil War

  28. ·       FDIC

  29. ·       Credit

  30. ·       Aggregate demand/supply

  31. ·       Depression

  32. ·       Poverty Threshold

  33. ·       “Working Poor”

  34. ·       Taxable Income

  35. ·       Deduction

  36. ·       Federal Reserve System

  37. ·       Tight Money Policy

  38. ·       Interest Rates and Money Supply

  39. ·       Less Developed Country

·       Brain Drain

Tuesday, April 27, 2021

Economics Study Guide

Welcome students to the multiple-week discussion board. For this post, I am giving you more than a week to answer these questions. These questions are here to guide you and help you focus your studying to areas where you will need to have a good grasp of the content.  If you are able to answer these questions and have a good grasp of the material from it, you will do well on your final.


What is an entrepreneur?

What would an economist conder be land?

What does Human capital include?

What would cause a production possibilities curve to move down and to the left?

What can cause a production possibilities curve to move to the right?

What is the motivating force behind the free market?

What type of safety nets are used by the government to help citizens?

Why do markets exist?

What is the black market?

What is rent control?

What is a monopoly?

What brought about labor unions?

Why would the United States want to establish a stable banking system?

What is the difference between a recession and a depression?

What is the Federal Reserve? 

What is interest rates suppose to do? 

What does elasticity mean to economics?

Why does the government protect inventors and authors by offering them patents and copyrights?



Monday, April 12, 2021

8.3 Global Setting: U.S. Labor Market (Due 4/16)




 In a short response, essay students are to respond to the two questions below.


-Describe what you think of the current U.S. economy and labor market. Make sure to include the types of goods and services that the U.S. produces and the types of workers that are needed to achieve those products. 


-What are the effects of rapid technological changes that are occurring in the economy now and what impacts will those changes take on the international global stage. 



Monday, April 5, 2021

8.2 Economics: Government Fiscal Policies (Due 4/9)

 



Students will need to read: Fiscal Policy: Taking and Giving Away

Answer the questions below

What are the aims of government fiscal policies?

What influences on production, employment and price does the government have on fiscal policies? 

How do taxation, borrowing, and spending account for fiscal policies?

What are some examples of government fiscal policies being good for the United States?

What are some bad examples of when government fiscal policies have hurt the United States? 


Monday, March 22, 2021

7.4 Economics: Federal Reserve (Due 26)



Why was the Federal Reserve established?

What is the importance of monetary policy?

What are the two goals of the Federal Reserve?

How do interest rates get regulated?

What does Expansionary Policy mean?

What does Contractionary Policy mean? 

Tuesday, March 16, 2021

7.3: Economics: Cost of Doing Business (Due 3/19)



 What factors may cause the costs of government actions to outweigh the benefits? List two examples of this occurring and why they are important for individuals to be aware of these costs. Use newspaper articles, business articles, or any local information you have on hand to support your answer. 

Min word count: 150



Monday, March 8, 2021

7.2 Economics: Global Markets (Due 3/12)




Students' task this week will be to analyze the elements of America's market economy in a global setting. Students will need to research the American economy and how it has set itself up as being a contender with other countries. Students should also use past lessons to help them answer the following question. Look at information not only from your classes. Remember that if you use any outside sources, please cite them in your response. 



QUESTION


How has Adam Smith's model of economics impacted the current American economy? Who are America's current contenders in the global market, and how do you think they will impact the supply and demand of what Americans would want globally. 

Economics Study Guide Version 2

  Key Terms Economics Study Guide Key Terms-Final Review Directions: Review the key terms listed below. Select 10 terms you are not familiar...