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MARKETING PLAN: The systematic approach of assessing opportunities, defining objectives, determining strategies for implementation, developing coordinated criteria for evaluation and controls of marketing in an organization. Components typically include: executive summary, environmental scanning and analysis, SWOT analysis, marketing objectives, marketing strategies, marketing implementation, and evaluation / control. A good marketing plan is flexible and updated on a regular schedule. It can be created separately or as a part of the business plan.

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Menu of Lessons
A. Introduction
  • Economic Basics
  • Economic Science
  • Scarcity
  • Production Possibilities

  • B. The Market
  • Demand
  • Supply
  • Market
  • Market Shocks

  • C. The Macroeconomy
  • Macro Basics
  • Gross Domestic Product
  • Circular Flow
  • Business Cycle

  • D. The Aggregate Market
  • Aggregate Demand
  • Aggregate Supply
  • Equilibrium
  • Aggregate Shocks

  • E. Money and Banking
  • Money
  • Banking
  • Money Creation
  • Federal Reserve System

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    Macroeconomics

    Introductory Macroeconomics is the study of the aggregate economy, including the topics of inflation, unemployment, business cycles, gross domestic product, money, fiscal policy, and monetary policy.

    To access a given lesson, click on the corresponding link in the Menu of Lessons presented to the right.

    BANK RUN

    A situation in which a relatively large number of a bank's customers attempt to withdraw their deposits in a relatively short period of time, usually within a day or two. While common throughout the 1800s and early 1900s, government deposit insurance has largely eliminated banks runs in the modern economy. Historically a bank run was prompted by fears that the bank was on the verge of collapse, causing deposits to become worthless. Ironically a bank run often caused the bank to fail. Bank runs were often infectious, leading to economy-wide bank panics and business-cycle contractions.

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    APLS

    GRAY SKITTERY
    [What's This?]

    Today, you are likely to spend a great deal of time surfing the Internet wanting to buy either storage boxes for your winter clothes or several magazines on time travel. Be on the lookout for vindictive digital clocks with revenge on their minds.
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    This isn't me! What am I?

    The wealthy industrialist, Andrew Carnegie, was once removed from a London tram because he lacked the money needed for the fare.
    "In order to create there must be a dynamic force, and what force is more potent than love."

    -- Igor Stravinsky, violinist

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    Variable Interest Rate
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