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  • Economics
Living and Working in the New Economy
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The new"service economy', is it a direct result of globalisation? This unit examines the switch from manufacturing to services and looks at the impact of information and communication technologies on the economy as a whole. The"new economy' has many benefits, but at what cost?

Managing the European Economy After the Introduction of the Euro
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CC BY-NC-SA
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The Euro was first adopted as a currency in 1999, but what impact has it had on the European economy? This unit looks at the key developments in the economy since that date and examines the challenges of economic policy formation and governance of the EU's expanding economy.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Reading
Syllabus
Date Added:
09/07/2007
Math for Economists
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A math based economics course designed to provide the skills needed to solve fundamental problems in both macroeconomics and microeconomics, by covering concepts in precalculus and calculus.

Microeconomics, Fall 2010
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Microeconomics will ground you in - surprise - basic microeconomics-how markets function, how to think about allocating scarce resources among competing uses, what profit maximizing behavior means in industries with different numbers of competitors, how technology and trade reshapes the opportunities people face, and so on. We will apply economic ideas to understand current economic problems, including the housing bubble, the current unemployment situation (particularly for high school gradutes), how Google makes its money and why healthcare costs are rising so fast.

Author:
Levy, Frank
Money and Banking / Financial Economics
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This course is designed to provide you with a thorough understanding of the importance of money, banking, and financial markets of a developed economy. Money, financial institutions, and financial markets have emerged as instruments of payments for the services of factors of production, such as labor and capital. The use of money facilitates business in a market by acting as a common medium of exchange. Of course, as that market expands and develops on a national and international level, the importance of money, banking, and other financial markets expands to accommodate innumerable exchanges. Upon successful completion of this course, students will be able to: Identify the implications, risks, and opportunities of global markets; Acquire and demonstrate analytical and problem solving skills within money, banking, and financial market disciplines; Assess how monetary activities affect an economy; Understand the structure of financial markets and their regulations; Understand the nature and functions of money; Identify the behavior of the stock market; Assess the implications of responses in the form of both monetary and fiscal policy; Understand the basic purposes of the monetary and financial systems; Identify the markets for stocks, bonds, derivatives, and currencies; Interpret the roles of banks and other financial intermediaries; Analyze how the Fed affects the economy; Identify how current money is traded for future money; Understand that the amount of money to be transferred in the future is uncertain; Understand that one party to the transaction can make a decision at a later time that will affect subsequent transfers of money; Understand how knowledge of the future can reduce the uncertainty associated with future monetary value; Assess how a financial crisis happens and how policy makers should respond. (Economics 302)

Obesity Economics
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This course introduces students to the economic approach to evaluating obesity. It focuses on attributable health care expenditures, quality adjusted life years, productivity changes, consumer sovereignty, and the incentives and regulations that can be used to change individual adult, parent, and child behavior.

Author:
Kevin Frick
Predicting Your Financial Future
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This lesson involves economics and mathematical materials. Students will use their knowledge of exponents to compute an investment's worth using a formula and a compound interest simulator. They may also use the model to calculate credit card payments and debt. The materials include activity sheets, and are intended for grades 9-12. The lesson should require 1 class period to complete.

Primary Economics
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In this lesson, students will play the roles of banker and consumers as they learn how to use different combinations of coins to make money amounts up to 25 cents. Students will earn money and save it in their piggy banks until they have the exact amount to purchase an item of their choice. Suggestions for questions and assessment options are included.

Author:
Jamie Piecora
Primary Economics
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In this math lesson, learners play the role of a consumer as they learn how to use different combinations of coins to make money amounts up to 25 cents. Learners earn money and save it in their piggy banks until they have the exact amount to purchase an item of their choice. This lesson guide includes questions for learners, assessment options, extensions, and reflection questions.

Author:
Thinkfinity/Verizon Foundation
NCTM Illuminations
Jamie Piecora
Principles of Macroeconomics
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The purpose of this course is to provide the student with a fundamental understanding of the principles of macroeconomics. Macroeconomists study how a country's economy works and try to determine the best choices to improve the overall wellbeing of a nation. Typical topics include inflation (the overall level of prices), employment, fiscal policy (government taxing and spending), and money and banking (interest rates and lending policies). By studying macroeconomics and understanding the critical ideas and tools used to measure economic data, the student will have a better perspective on the issues and problems discussed in contemporary economics. Upon successful completion of this course, the student will be able to: Discuss key macroeconomic concerns, including national income accounting, saving and investment, and market forces; Describe the determinants of total output and the ways to measure nominal Gross Domestic Product (GDP) as well as real GDP; Compare and contrast definitions of total employment and unemployment, the three forms of unemployment, and inflation; Explain different ways of computing the general movement in prices, and define the relationship between inflation and unemployment; Explain the model of aggregate demand and aggregate supply; Analyze the government's role in the economy and examine how it uses its fiscal policy and monetary policy to influence macroeconomic variables in order to enable macro and micro economic stability; Describe the mechanics of money supply in detail. They will specifically be able to identify different types of money; explain the money creation process, the money multiplier, and the process of interest rate determination; and discuss the role of the Federal Reserve System and its tools of monetary policy; Identify and analyze major theories of economic growth; Analyze various strategies for developing of less-developed nations; Present the concepts behind international trade. (Economics 102; See also: Business Administration 201)

Principles of Microeconomics
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The purpose of this course is to provide the student with a basic understanding of the principles of microeconomics. At its core, the study of economics deals with the choices and decisions that have to be made in order to manage scarce resources available to us. Microeconomics is the branch of economics that pertains to decisions made at the individual level, i.e. by individual consumers or individual firms, after evaluating resources, costs, and tradeoffs. "The economy" refers to the marketplace or system in which these choices interact with one another. In this course, the student will learn how and why these decisions are made and how they affect one another in the economy. Upon successful completion of this course, students will be able to: Think intuitively about economic problems; Identify how individual economic agents make rational choices given scarce resources and will know how to optimize the use of resources at hand; Understand some simplistic economic models related to Production, Trade, and the Circular Flow of Resources; Analyze and apply the mechanics of Demand and Supply for Individuals, Firms, and the Market; Apply the concept of Marginal Analysis in order to make optimal choices and identify whether the choices are 'efficient' or 'equitable'; Apply the concept of Elasticity as a measure of responsiveness to various variables; Identify the characteristic differences amongst various market structures, namely, Perfectly Competitive Markets, Non-Competitive Markets, and Imperfectly Competitive Markets and understand the differences in their operation; Analyze how the Demand and Supply technique works for the Resource Markets. (Economics 101; See also: Business Administration 200)

Random Walks and Diffusion, Fall 2006
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CC BY-NC-SA
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Discrete and continuum modeling of diffusion processes in physics, chemistry, and economics. Topics include central limit theorems, continuous-time random walks, Levy flights, correlations, extreme events, mixing, renormalization, and percolation.

Subject:
Chemistry
Economics
Physical Science
Physics
Social Science
Material Type:
Full Course
Textbook
Author:
Bazant, Martin
Date Added:
01/01/2006
Selling Fuel Oil at a Loss
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This task is a modeling problem which ties in to financial decisions faced routinely by businesses, namely the balance between maintaining inventory and raising short-term capital for investment or re-investment in developing the busines

Author:
Illustrative Mathematics
Sustainable Economic Development, Spring 2004
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This course explores the application of environmental and economic development planning, policy and management approaches to urban neighborhood community development. Through an applied service learning approach, the course requires students to prepare a sustainable development plan for a community-based non-profit organization. Through this client-based planning project, students will have the opportunity to test how sustainable development concepts and different economic and environmental planning approaches can be applied to advance specific community goals within the constraints of specific neighborhoods and community organizations.

Author:
Shutkin, William
Seidman, Karl
Time Series Analysis - Recitation Notes
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The course provides a survey of the theory and application of time series methods in econometrics.

Author:
Prof. Anna Mikusheva Paul Schrimpf
MIT