Economics: Difference between revisions

34 bytes removed ,  29 August 2013
unifying the header styles to use weeks instead of days
(→‎International Economics: outlining the course in the headings)
(unifying the header styles to use weeks instead of days)
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::'''[[w:Macroeconmics]]''' ( [[w:fi:Makrotaloustiede]] ) (from Greek prefix "makros-" meaning "large" + "economics") is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. ( Wikipedia )
::'''[[w:Macroeconmics]]''' ( [[w:fi:Makrotaloustiede]] ) (from Greek prefix "makros-" meaning "large" + "economics") is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. ( Wikipedia )


== 2012-10-23 ==
== Week 43 ==


* In '''[[w:market]]s''' ( [[w:fi:Markkinat (taloustiede)]] ) '''[[w:demand]]''' and '''[[w:supply (economics)|supply]]''' control the prices and goods that are produced. This is the model of '''[[w:Supply and demand]]''' ( [[w:fi:Kysyntä ja tarjonta]] ) .
* In '''[[w:market]]s''' ( [[w:fi:Markkinat (taloustiede)]] ) '''[[w:demand]]''' and '''[[w:supply (economics)|supply]]''' control the prices and goods that are produced. This is the model of '''[[w:Supply and demand]]''' ( [[w:fi:Kysyntä ja tarjonta]] ) .
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* '''[[w:Normal good]]s''' are any goods for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive [[w:income elasticity of demand]]. ( Wikipedia ) vs. an '''[[w:inferior good]]''' is a good that decreases in demand when consumer income rises, unlike normal goods, for which the opposite is observed. ( Wikipedia )
* '''[[w:Normal good]]s''' are any goods for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive [[w:income elasticity of demand]]. ( Wikipedia ) vs. an '''[[w:inferior good]]''' is a good that decreases in demand when consumer income rises, unlike normal goods, for which the opposite is observed. ( Wikipedia )


== 2012-10-30 ==
== Week 44 ==
'''[[w:Economies of scale]]''' In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased.  
'''[[w:Economies of scale]]''' In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased.  
'''[[w:Diseconomies of scale]]''' are the forces that cause larger firms and governments to produce goods and services at increased per-unit costs. The concept is the opposite of economies of scale. ( Wikipedia )
'''[[w:Diseconomies of scale]]''' are the forces that cause larger firms and governments to produce goods and services at increased per-unit costs. The concept is the opposite of economies of scale. ( Wikipedia )
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:::::: There are more elasticies in the [[w:Elasticity (economics)]]
:::::: There are more elasticies in the [[w:Elasticity (economics)]]


== 2012-11-06 ==
== Week 45 ==


'''[[w:Total cost]]''' == '''[[w:fixed cost]]''' + '''[[w:variable cost]]s'''
'''[[w:Total cost]]''' == '''[[w:fixed cost]]''' + '''[[w:variable cost]]s'''
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'''[[w:Game theory]]'''  ( [[w:fi:Peliteoria]] ) is a study of strategic decision making. More formally, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers."
'''[[w:Game theory]]'''  ( [[w:fi:Peliteoria]] ) is a study of strategic decision making. More formally, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers."


== 2012-11-13 ==
== Week 46 ==
'''[[w:Macroeconomics]]'''
'''[[w:Macroeconomics]]'''


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:::'''[[w:Consumer price index]]''' (CPI) ( [[w:fi:Kuluttajahintaindeksi]] )  measures changes in the price level of consumer goods and services purchased by households. ( Wikipedia )
:::'''[[w:Consumer price index]]''' (CPI) ( [[w:fi:Kuluttajahintaindeksi]] )  measures changes in the price level of consumer goods and services purchased by households. ( Wikipedia )


== 2012-11-20 ==
== Week 47 ==
* '''[[w:Financial markets]]''' ( [[w:fi:Rahoitusmarkkinat]] )  are important for enabling financing of '''[[w:investment]]s''' ( [[w:fi:Investointi]] )
* '''[[w:Financial markets]]''' ( [[w:fi:Rahoitusmarkkinat]] )  are important for enabling financing of '''[[w:investment]]s''' ( [[w:fi:Investointi]] )


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= Global Business Environment =
= Global Business Environment =
== International Economics ==
= International Economics =


=== Week 35 - Trade overview ===
== Week 35 - Trade overview ===


=== Week 36 - Classical trade theories ===
== Week 36 - Classical trade theories ==


=== Week 37 - Modern trade theories, trade policy ===
== Week 37 - Modern trade theories, trade policy ==


=== Week 38 - No class, work on report ===
== Week 38 - No class, work on report ==


=== Week 39 - International finance overview ===
== Week 39 - International finance overview ==


=== Week 40 - Exchange rate determination ===
== Week 40 - Exchange rate determination ==


=== Week 41 - Exchange rate risk ===
== Week 41 - Exchange rate risk ==


=== Week 42 - Presentation ===
== Week 42 - Presentation ==


== Finance ==
= Finance =
* [[Finance]]
* [[Finance]]