Economics: Difference between revisions

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trying to describe Business Economics topics in the headings
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(trying to describe Business Economics topics in the headings)
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= Business Economics =
= Business Economics =


== Week 43 ==
== Week 43 - Markets, scarcity and decisions ==


* 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 )


== Week 44 ==
== Week 44 - Economies of scale, utility, elasticities ==
'''[[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)]]


== Week 45 ==
== Week 45 - Market structures, competitions and costs  ==


'''[[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."


== Week 46 ==
== Week 46 - Macroeconomics ==
{{Taxation}}
{{Taxation}}


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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 )


== Week 47 ==
== Week 47 - Financial markets, job markets==
* '''[[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]] )