2,925
edits
Economics: Difference between revisions
m
→Week 36 - Classical trade theories: tweaking linking
(→Week 36 - Classical trade theories: sourcing definitio of w:Devaluation) |
m (→Week 36 - Classical trade theories: tweaking linking) |
||
| Line 158: | Line 158: | ||
== Week 36 - Classical trade theories == | == Week 36 - Classical trade theories == | ||
* '''Gross domestic product''' ('''[[w:GDP|GDP]]''') is the [[w:market value|market value]] of all officially recognized final goods and services produced within a country in a given period of time. GDP [[w:per capita|per capita]] is often considered an indicator of a country's [[w:standard of living|standard of living]] ( Wikipedia ) | * '''Gross domestic product''' ('''[[w:GDP|GDP]]''') is the [[w:market value|market value]] of all officially recognized final goods and services produced within a country in a given period of time. GDP [[w:per capita|per capita]] is often considered an indicator of a country's [[w:standard of living|standard of living]] ( Wikipedia ) | ||
* '''[[w:David Ricardo]]''' (18 April 1772 – 11 September 1823) was a [[w:United Kingdom|British]] [[w:political economy|political economist]]. He was often credited with systematizing economics, and was one of the most influential of the [[w:classical economics|classical economists]], along with [[w:Thomas Malthus|Thomas Malthus]], [[w:Adam Smith|Adam Smith]], and [[w:John Stuart Mill|John Stuart Mill]]... ( Wikipedia ) | * '''[[w:David Ricardo]]''' (18 April 1772 – 11 September 1823) was a [[w:United Kingdom|British]] [[w:political economy|political economist]]. He was often credited with systematizing economics, and was one of the most influential of the [[w:classical economics|classical economists]], along with [[w:Thomas Malthus|Thomas Malthus]], [[w:Adam Smith|Adam Smith]], and [[w:John Stuart Mill|John Stuart Mill]]... ( Wikipedia ) | ||
| Line 170: | Line 169: | ||
* '''[[w:Exchange rate|Exchange rate]]s''' | * '''[[w:Exchange rate|Exchange rate]]s''' | ||
* '''[[w:Devaluation|Devaluation]]''' in modern [[monetary policy]] is a reduction in the value of a [[currency]] with respect to those goods, services or other monetary units with which that currency can be exchanged. ( Wikipedia ) | * '''[[w:Devaluation|Devaluation]]''' in modern [[w:monetary policy|monetary policy]] is a reduction in the value of a [[w:currency|currency]] with respect to those goods, services or other monetary units with which that currency can be exchanged. ( Wikipedia ) | ||
== Week 37 - Modern trade theories, trade policy == | == Week 37 - Modern trade theories, trade policy == | ||