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Wikis
Introduction to Macroeconomics
Do You Wonder? Q: Think about your COVID-19 experience, what is the impact of the COVID-19 pandemic on the economy? This link to FRED data shows the U.S. GDP over time: https://fred.stlouisfed.org/series/GDP Q: Do you think that the business cycle has a bigger impact on automobile and capital goods manufacturers or on grocery stores? Explain….
Markets and Government
Chapter Hooks: Consider your experiences with online shopping. Have you ever come across an odd product and thought to yourself, “Who would purchase this?” Use “Weirdest Product on Amazon” as a search term. For example, https://www.goodhousekeeping.com/life/money/g28649116/weirdest-products-on-amazon/ Use Willing to Pay, price, and consumer surplus to explain this. Price Ceilings: High Hopes, Low Limits: The Paradox…
Macroeconomics
Welcome to Principles of Macroeconomics! In this course, you’ll explore the fundamentals of economics and how they apply to the big picture. From everyday choices like what to buy and how to spend your time to major decisions made by governments and leaders that impact entire nations, economics is all around us. You’ll dive into…
Nunavut: A Study in Scarcity and Specialization
Nunavut, Canada’s newest and largest territory, serves as a vivid example of how scarcity shapes economic trade-offs and necessitates specialization and trade. Despite its vast landmass, comparable to Alaska and California combined, Nunavut faces a unique scarcity that sets it apart from the rest of Canada: the absence of trees. Scarcity in Nunavut: Trees, a…