Market equilibrium is accomplished when the supplier and the buyer agree on a price. Discover how shortages and surpluses affect market equilibrium, how to calculate market equilibrium, and how to illustrate it graphically. Supply and Demand We're talking about supply and demand, and how they int...
Business Courses / Economics 102: Macroeconomics How to Calculate Opportunity Cost Lesson Transcript Instructor Jon Nash Jon has taught Economics and Finance and has an MBA in Finance Cite this lesson Opportunity cost is determined by calculating how much of one product can be produced based on...
What is potential output in macroeconomics? How does changes in the interest rate affect economic activity? Explain how to calculate class limits. How does economic growth affect the balance of payments? Why does inflation increase with economic growth?
Martin, P, T Mayer, and M Thoenig (2012), “The Geography of Conflicts and Regional Trade Agreements”,American Economic Journal: Macroeconomics, 4(4): 1–35. Mitsopoulos, M and T Pelagidis (2012),Understanding the Crisis in Greece: From Boom to Bust, London: Palgrave MacMillan. ...
The supply and demand for a currency changes due to various macroeconomic factors, which can drive currency exchange rates up and down. Macroeconomics is all about looking at the big picture of how an entire country’s economy works. Imagine your country is like a giant machine, and macroecono...
Over the years, perspectives on China have run the gamut from predicting “the coming collapse of China” to expecting that “the twenty-first century will be the Chinese Century.” And we’ve heard every perspective in between. Despite its many ups and downs, the Chinese economy has grown ...
As the name suggests, the expense you would have to pay in exchange for an opportunity – an opportunity for a higher return or profit in the end. To calculate the Opportunity Cost, we must subtract the return of the foregone option from the return of the chosen option. This is evident ...
In contemporary macroeconomics,gross domestic product (GDP)refers to the total monetary value of the goods and services produced within one country. Nominal GDP calculates the monetary value in current, absolute terms.Real GDPadjusts the nominal gross domestic product for inflation. Some accounting goe...
Technical: large-scale machines or production processes that increase productivity Purchasing: discounts on cost due to purchasing in bulk Managerial: employing specialists to oversee and improve different parts of the production process Risk-Bearing: spreading risks out across multiple investors ...
Technical: large-scale machines or production processes that increase productivity Purchasing: discounts on cost due to purchasing in bulk Managerial: employing specialists to oversee and improve different parts of the production process Risk-Bearing: spreading risks out across multiple investors ...