Aggregate supply and demand are key concepts in macroeconomics as they help economists interpret events in the past to help predict the future. The aggregate supply curve model demonstrates the relat..
Using an interactive, multimedia design, this course introduces the learner to government policy from an economic perspective. Learners are given a rigorous introduction to budgetary policy via topic..
Fiscal and monetary policies are two strategies used to direct a country's economic goals. Fiscal policy involves the government and how it uses revenue and expenditure to influence a country's econo..
Following the recent global financial crisis there has been a huge increase in people seeking to learn about how economies and modern economic systems work. People now realise that economic decisions..
Behavioural finance is a new and exciting area in economics that combines the psychology of human behaviour with the traditional theories of finance and economics. The result is a new explanation of ..
Fixed cost, variable cost and marginal cost are very important concepts to understand in economics. Fixed costs are business expenses and are often time-related such as salaries and rents which are p..
Gross Domestic Product (GDP) is a very important topic to understand in economics. It measures the monetary value of final goods and services of a country within a given time period and is a key metr..
A financial instrument is a tradable asset of any kind and they are a key component of the modern financial market system as they allow for efficient flow of capital through the global financial mark..
Supply and demand in a market economy is one the most fundamental concepts in economics. Demand refers to the quantity of a product or service that is demanded by consumers. Supply refers to how much..
The rate of inflation and whether it has gone up or gone down is reported on a daily basis across the media. Many people don't realise the significance of or the role inflation plays in shaping moder..
A monopoly exists when one particular business is the only supplier of a commodity or service within any particular sector of the economy. This is a very important concept to understand as to monopoli..