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August 29, 2016 

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More About the Index
Favorite economist?

Adam Smith.
John Maynard Keynes.
Milton Friedman.
Friedrich Hayek.
Karl Marx.
John Stuart Mill.

FINANCIAL ASSET: A legal claim to or ownership of a physical asset. Common financial assets are stocks, bonds, money, and government securities. These are also termed paper assets.

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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. Behind Demand
  • Consumer Demand
  • Utility and Demand
  • Elasticity Basics
  • Elasticity and Demand

  • D. Behind Supply
  • The Firm
  • Production
  • Cost
  • Perfect Competition

  • E. Market Structures
  • Market Control
  • Monopoly
  • Monopolistic Competition
  • Oligopoly

  • F. Factor Markets
  • Factor Demand
  • Factor Supply
  • Factor Market Equilibrium

  • Jump to Macro Course
    Microeconomics

    Introductory Microeconomics is the study of the individuals, firms, markets, and industries, including the topics of consumer demand, production, cost, market structures, and factor markets.

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

    IMPORTS

    Goods and services produced by the foreign sector and purchased by the domestic economy. In other words, imports are goods bought from countries. Imports are the counter to exports--goods produced by the domestic economy and purchased by the foreign sector. Imports, together with exports, are the essence of foreign trade--goods and services that are traded among the citizens of different nations. Imports and exports are frequently combined into a single term, net exports (exports minus imports).

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    APLS

    State of the ECONOMY

    Real Average Hourly Earnings
    November 2015
    $10.60
    Up $.01 from October 2015

    More Stats

    BLUE PLACIDOLA
    [What's This?]

    Today, you are likely to spend a great deal of time wandering around the downtown area seeking to buy either an AC adapter for your CD player or storage boxes for your family photos. Be on the lookout for malfunctioning pocket calculators.
    Your Complete Scope

    This isn't me! What am I?

    The portrait on the quarter is a more accurate likeness of George Washington than that on the dollar bill.
    "Few things can help an individual more than to place responsibility on him, and to let him know that you trust him. "

    -- Booker T. Washington, educator

    AV
    Actual Value
    A PEDestrian's Guide
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