Essential Things to Know About Economics

If you’re ready to start, restart, or continue your own college journey with Study Hall, go to https://link.gostudyhall.com/ttk to join a college course that starts on YouTube for just $25, and unlock the opportunity to earn transferable credits from ASU. The dismal science (aka economics) is full of some pretty specific jargon that can leave you feeling…pretty dismal. But the economy impacts all of us, so there’s no reason all of us shouldn’t be able to understand what’s going on with it! Join Study Hall: Things to Know as we present 29 economic terms you should know. __________________________________________________________________________ Follow us on social media! Twitter: https://twitter.com/gostudyhall Instagram: https://Instagram.com/GoStudyHall Facebook: https://www.facebook.com/GoStudyHall __________________________________________________________________________ Chapters: 0:00 - Introduction 0:49 - What Is Economics? 3:02 - Economic Basics 4:05 - GDP & its Iterations 5:14 - Economic Fluctuations 6:01 - How Does The Government Influence The Economy? 7:16 - Economic Perspectives 8:10 - Conclusion __________________________________________________________________________ SOURCES: https://www.nytimes.com/by/paul-krugman https://www.investopedia.com/terms/m/macroeconomics.asp https://www.investopedia.com/terms/s/supply.asp https://www.investopedia.com/terms/d/demand.asp#:~:text=Error%20Code%3A%20100013)-,What%20Is%20Demand%3F,to%20decrease%20the%20quantity%20demanded. https://www.investopedia.com/terms/e/economic-equilibrium.asp https://www.investopedia.com/ask/answers/040915/what-are-some-examples-free-market-economies.asp https://smartasset.com/investing/richest-people-america https://tribunemag.co.uk/2021/06/how-capitalism-concentrates-power https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/gross-domestic-product-GDP https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/gross-domestic-product-GDP#:~:text=In%20broad%20terms%2C%20an%20increase,more%20money%20in%20their%20pockets. https://www.investopedia.com/terms/e/expansion.asp https://www.investopedia.com/terms/c/contraction.asp https://www.investopedia.com/terms/m/monetarypolicy.asp https://www.investopedia.com/terms/n/neoclassical.asp https://www.investopedia.com/terms/k/keynesianeconomics.asp https://www.investopedia.com/terms/e/economy.asp https://www.history.com/news/8-things-you-may-not-know-about-hammurabis-code https://www.britannica.com/topic/Code-of-Hammurabi https://www.tandfonline.com/doi/full/10.1080/10370196.2021.1937852 https://faculty.georgetown.edu/imo3/ibn.htm#:~:text=Ibn%20Khaldun%20gave%20his%20account,and%20in%20%22refinement.%22%20Economic https://www.investopedia.com/terms/m/microeconomics.asp https://www.investopedia.com/insights/what-is-money/ https://www.britannica.com/biography/Adam-Smith https://www.britannica.com/topic/communism#ref276323 __________________________________________________________________________ #StudyHall #ThingsToKnow