Category Archives: Economics

Economics Lessons! This is just a sample. Our Economics lessons combine reading, videos, infographics, and quizzes to ensure concept mastery.

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Gross Domestic Product

Gross Domestic Product (GDP) is a measure of the total economic output a country makes in a given year, and indicates the total size of the economy. Want to learn about how it is calculated? This article will answer that question, and more!

Monetary Policy

The government has two main ways it tries to influence the economy – through Fiscal Policy and Monetary Policy. The latter is less direct approach, through which the government tweaks interest rates and modifies the money supply. Read this article for more information about what a money supply is, what monetary policy looks like, and what tools are useful for monetary policy.

Inflation

“Inflation” means that the general prices of goods and services goes up from one year to another. Click on this post to learn about the two methods used to calculate inflation (CPI and GDP Deflator), as well as how inflation impacts the economy.

Government Impact on the Economy

In any society with a market-based economy, the government must: ensure the common defense, promote economic growth, and strive to maintain a just society. All three of these tasks are related to the economy in one way or another, meaning everything the government does will have an impact on the economy. This article describes a variety of ways that the government effects the economy.

Time Value of Money

The Time Value of Money is a literal phenomenon where overtime, the value of your money increases. Click on this post for an explanation of why this is the case, and to learn about how time value of money affects businesses and interest rates.

Starting A Business

Building the next “Big Thing”. Being your own boss. Getting the full rewards for your work. There are a lot of reasons to start a business (along with lots of risks), but taking the plunge is a step every entrepreneur has to face if they plan on striking out on their own. This post describes why people start their own businesses, and the risk versus reward of doing so.

Credit – Using Borrowed Money

“Credit” is when you have the ability to use borrowed money. This can come in many different forms, from credit cards to mortgages. There is a wide range of ways to use credit, which means that it is often a challenge for beginners to learn all the different ins and outs of using credit. Click on this article to learn about the basic credit terms, how credit works, examples of credit in real life, and some examples of what can impact your credit!

Interest Rates

Interest rates are a percentage that is used to calculate how much a loan or investment grows over time. If you are looking for an explanation on the differences between nominal and real interest rates, what makes interest rates increase or decrease, or what high interest rates mean, than this is the article for you.