3 Tutorials that teach Why Study Macroeconomics?
Take your pick:
Why Study Macroeconomics?

Why Study Macroeconomics?

Author: Dan Laub
This lesson covers why study macroeconomics.
See More
Introduction to Psychology

Analyze this:
Our Intro to Psych Course is only $329.

Sophia college courses cost up to 80% less than traditional courses*. Start a free trial now.


Notes for "Why Study Economics?"

Key Terms

  • Economic Indicators
  • Data specific to an economic outcome or behavior that provide an indication of the direction of past (lagging indicator), present (coincident indicator), or future (leading indicator) economic activity.
  • Monetary Policy
  • Policy typically set by a central banking authority, whereby money supply access and the resulting cost or access to money (interest rate), is varied to assist in stabilizing economic activity.
  • Fiscal Policy
  • Policy typically set by a central government authority whereby government spending is adjusted to stabilize economic activity.
  • Business Cycles
  • The movement of an economy through expansion, peak, contraction, and trough over time; an assessment of economic activity through time.
  • Global Trade
  • Trade that occurs across nations, typically involving foreign exchange transactions.
  • Capital Flow
  • The movement of capital, typically referencing financial capital, into and out of an entity or country.

Source: SOURCE: Image of IRS Logo http://www.irs.gov/irm/part1/irm_01-017-007.html. SOURCE: Image of Stack of Money Creative Commons http://en.wikipedia.org/wiki/File:Stacks_of_money.jpg. SOURCE: Image of Federal Reserve Logo Creative Commons http://commons.wikimedia.org/wiki/File:US-FederalReserveSystem-Seal.svg. SOURCE: Image of USA Map Creative Commons http://www.infoplease.com/states.html. SOURCE: Image of China Map Creative Commons http://www.chinatoday.com/china-map/china-map-atlas.htm.