1 INTRODUCTION 1.1 Definition of economics Economics is a social science‚ positive as well as normative‚ divided into microeconomics and macroeconomics‚ concerned with how society allocates limited factor inputs to produce goods and services to satisfy unlimited human wants. 1.2 Economics as a social science A social science is the study of a particular aspect of human behaviour using the scientific method. Examples of social sciences are economics‚ sociology and
Premium Economics
3.1 I would like to make the example as China economy in order to analyze how the structure of an economy has changed in the 21st century. To a variety of industries around the world is divided into three categories: primary industry‚ secondary industry and tertiary industry. Primary industry refers to the provision of production industries‚ including forestry‚ farming‚ aquaculture‚ animal husbandry and other natural objects as objects directly in the production sector. The second refers to industrial
Premium Economics Monetary policy Inflation
continuing my education to Florida State University. I believe I would benefit from the community at Florida State University as I would be surrounded by other students who yearn to improve their academic career and lives‚ as they willingly attend to pursue their chosen degrees. Also‚ I’ll be able to immerse myself in clubs and organizations that consist of people who share the same dream of a career in science and medicine. The community at Florida State University will benefit from me because not
Premium High school College Education
Carleton University Department of Economics ECON 1000 A – Introduction to Economics 2012 Summer Session (May 7 to August 15) Instructor: Brian Glabb Office: A-808 Loeb Office Hours: By Appointment E-mail: bglabb@rogers.com Objectives: This course provides an introduction to the discipline of economics‚ covering microeconomics and macroeconomics. It focuses on economic principles and concepts as well as on applications. Economic analysis is applied to a variety of contemporary
Free Economics Macroeconomics
Two main vulnerabilities of the diamond industry: price of diamond linked to supply and value diamond linked to belief that they are rare and therefore special‚ and thus suitable token of sentiment. DeBeers exercised monopoly power by effectively controlling production and distribution of diamonds‚ thus controlling supply and ability to control pricing. When the market started to shift as other sources of diamonds were discovered‚ DeBeers still held an advantaged position as they had sole control
Premium Monopoly Cartel De Beers
two colleges I am considering attending are West Virginia University (WVU) and Fairmont State University (FSU). These colleges are at the top of my list because members of my family have attended both these schools and I have family that lives in that area of West Virginia. I like both Fairmont State and West Virginia. They both have the things that I am looking for in a college‚ but of the two‚ I am leaning to West Virginia University. I am leaning to picking WVU because they have the special
Premium College University High school
PowerPoint Lectures for CHAPTER 1 The Scope and Method of Economics Principles of Economics‚ 9e ; ; By Karl E. Case‚ Ray C. Fair & Sharon M. Oster © 2009 Pearson Education‚ Inc. Publishing as Prentice Hall Principles of Economics 9e by Case‚ Fair and Oster © 2009 Pearson Education‚ Inc. Publishing as Prentice Hall Principles of Economics 9e by Case‚ Fair and Oster CHAPTER 1 The Scope and Method of Economics PART I INTRODUCTION TO ECONOMICS The Scope and Method of Economics
Free Economics
thus growth rate will cease next year because the country is operating at full potential‚ facing the risk of overcapacity. In addition‚ China now has to face the severest national debt in its history‚ which puts its economy in extremely vulnerable state. The author also argues that China should stop relying on strong fiscal policy‚ but to initiate an economic reform if it wants to keep its dazzling growth record. Let us analyze whether China’s situation is as problematic as the author perceives.
Premium Macroeconomics Inflation Monetary policy
Charles Brandenburg was the Ohio leader of the Knights of the Ku Klux Klan. Brandenburg held a gathering for the members of the KKK.. Brandenburg also invited the Cincinnati television crew to film his gathering. Although twelve members showed up‚ it did not stop Brandenburg from continuing. During this gathering‚ Brandenburg had said that “if our President‚ our Congress‚ our Supreme Court‚ continues to suppress the white‚ Caucasian race‚ it’s possible that there might have to be some revengance
Premium Ku Klux Klan First Amendment to the United States Constitution Law
Aristotle once incisively remarked‚ “Educating the mind without educating the heart is no education at all.” His observation implies that education requires more than just knowledge; it needs dedicated teachers and an influential atmosphere. These additional factors provide the heart an education through relationships‚ perspectives‚ and application to daily life. As time progresses‚ education becomes more valued in society. For example‚ education typically is required in order to be employed. Considering
Premium Education Teacher School