cce 13

"Economics, the study of scarcity and recources"

"Specalization and trade and need to trade and production possibilities frontier
and opportunity cost for producing goods for different groups of traders is
different which makes them to trade"

"economic system"

"Supply and demand"

"macro economics"

"productivity and growth and why some nations are poorer than others"

"Inflation caused either by bidding up prices or limited supply due to high

production cost, bubbles made by the increasing price of specific asset or trading
tool and bursted by sellers or asset holders running out of buyers to make profits
and the 1630 dutch tulip bubble that became the granddad of bubbles"

"fiscal policy and government spending and taxes to adjust for inflation and
deflation and make the economy run smoothly without fluctuations"

"national debts caused by government spending more than its generated revenue from
taxes and hence causing deficits. Debts given to nations at different interst rates
on their credibility to repay, given to america on lowest interest rates and to
greece on hight interest rates because greece is less credible and greece is going
through financial crisis and is having a HUGE national debt"

"monetary policy and forbes list and government lending money to banks on
adjustable interest rates, regulating banks reserve requirments per deposited money
and making tradable bonds with good interest rates and less risk than stocks so
that banks can trade."

"money as a source of medium of exchange, storing unit and value/price unit in

contrary to barter system. Goldage money and modern money and money is money
because people think it is money(accept it as a medium of exchange) and government
making printing money out of thin air and cigerrates used as money in jails and
wired forms of money through out history"

"2008 recession and house loans starting in early 2000 and bubbles and predatory
loans and people investing money in mortgages(mortage) and "mortgage back
securites" "

"recession, hyperinflation, Staginflation"

"Economic Schools of thought"

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