for econ next meeting 4 july 2011
DESCRIPTION
Econ DiscussionTRANSCRIPT
For Econ Next Meeting
A. Basic Questions:1. What to produce2. How to procude3. How and to whom to distribute
B. Micro ConcernsHouseholdsBusinessGovernment
C. Macro ConcernsGoals ParametersHigh Employment Unemployment Rate<-> Price Stability Inflation RateHigh Output/Income GNP, GDP, %, mataas
D. On Balance of Trade and Foreign Exchange
E. Issues on Efficiency and Effectiveness Pareto’s Rule On Equity
F. The Circular Flow(Gusto niyo ilagay yung picture? )Basically, relationship ng firms, households and government. I will look for the picture.
G. TypesMarketCommandMixed
H. GovernmentEquityEqualityExternalitiesPublic GoodsRegulationsTransfer