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!
Economics Lessons! This is just a sample. Our Economics lessons combine reading, videos, infographics, and quizzes to ensure concept mastery.
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” 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.
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.
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.
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” 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 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.
The New York Stock Exchange (or NYSE) is the largest stock exchange in the world, where buyers and sellers come to trade U.S. stocks! Click on this post for an overview of its history, and an explanation of what the NYSE looks like today.
Stocks are a share of ownership of a company. If you own a stock, you are involved in some of its management decisions, and you are entitled to some of the company’s profits. This article describes stocks in greater detail, explains their history, where they come from, the types of stocks that exist, and more!