Sentences with phrase «basic economic terms»

People are going to college and don't even understand basic economic terms.

Not exact matches

The 1998 Nobel Prize in Economics was awarded to Amartya Sen, who defines economic development in terms of the free supply of basic necessities such as education and health care.

The efficiency of a city or enterprise should not be measured simply in terms of its economic productivity, but also, and more importantly, in terms of its ability to contribute to the satisfaction of basic human needs of those affected by the city or enterprise.

«For as long as the basic skills of literacy and numeracy remain far from universal they carry a high premium in terms of an individual's economic prospects,» it states.

Basic research has long been recognized by expert organizations such as the National Academy of Sciences as key to driving innovation and ensuring long - term economic growth.

Short - term actions in a time of budget crisis and financial austerity might become the triggers of long - term underinvestment in the ultimate fuel of economic growth, basic research in science.

The lesson introduces vital economic key terms and basic theory.

Included in the PowerPoint: a) Scarcity, Choice and Opportunity Cost - The Fundamental Economic Problem - The Meaning of Scarcity and the inevitability of choices at all levels (individual, firms, govt)- The basic questions of what will be produced ow and for whom - The Meaning of the term «Ceteris Paribus» - The Margin and Decision Making at the Margin - Sort run, long run, very long run b) Positive and Normative Statements - the distinction between fact and value judgements c) Factors of Production - the rewards to the factors of production: land, labour, capital and enterprise - Specialization and division of labour d) Resource Allocation in Different Economic Systems and Issues of Transition - decision making in market, planned and mixed economies - the role of the factor enterprise in a modern economy e) Production Possibility Curves - shape and shifts of the curve - constant and increasing opportunity costs f) Money - functions and characteristics in a modern economy - barter, cash and bank deposits, cheques, near money, liquidity g) Classification of Goods and Services - free goods, private goods (economic goods) and public goods - merit goods and demerit goods as the outcome of imperfect information by consumers PowerPoint Also Includes: - Key Terms for each Chapter - Activities - Multiple Choice and Essay questions from past examEconomic Problem - The Meaning of Scarcity and the inevitability of choices at all levels (individual, firms, govt)- The basic questions of what will be produced ow and for whom - The Meaning of the term «Ceteris Paribus» - The Margin and Decision Making at the Margin - Sort run, long run, very long run b) Positive and Normative Statements - the distinction between fact and value judgements c) Factors of Production - the rewards to the factors of production: land, labour, capital and enterprise - Specialization and division of labour d) Resource Allocation in Different Economic Systems and Issues of Transition - decision making in market, planned and mixed economies - the role of the factor enterprise in a modern economy e) Production Possibility Curves - shape and shifts of the curve - constant and increasing opportunity costs f) Money - functions and characteristics in a modern economy - barter, cash and bank deposits, cheques, near money, liquidity g) Classification of Goods and Services - free goods, private goods (economic goods) and public goods - merit goods and demerit goods as the outcome of imperfect information by consumers PowerPoint Also Includes: - Key Terms for each Chapter - Activities - Multiple Choice and Essay questions from past examEconomic Systems and Issues of Transition - decision making in market, planned and mixed economies - the role of the factor enterprise in a modern economy e) Production Possibility Curves - shape and shifts of the curve - constant and increasing opportunity costs f) Money - functions and characteristics in a modern economy - barter, cash and bank deposits, cheques, near money, liquidity g) Classification of Goods and Services - free goods, private goods (economic goods) and public goods - merit goods and demerit goods as the outcome of imperfect information by consumers PowerPoint Also Includes: - Key Terms for each Chapter - Activities - Multiple Choice and Essay questions from past exameconomic goods) and public goods - merit goods and demerit goods as the outcome of imperfect information by consumers PowerPoint Also Includes: - Key Terms for each Chapter - Activities - Multiple Choice and Essay questions from past exam papers.

It goes back to the basic economic problem and even though this is not a heavy economics lesson in terms of learning graphs and lots of detail, for me this is one of the most fundamental issues that economist face..

As a result policy implementation for individual nations will be based upon the basic economic considerations of normal long term infrastructure.

At the risk of violating the basic economic concept of «cost», I wonder if there might be a case for defining SCC in terms of a goal of stabilizing the climate, rather than the present value of long term damages from a disrupted climate.

A spokesperson from Liberia stressed the acute economic challenge that a poor development country faces in balancing a long - term forest conservation vision with short - term demands for the state to provide the most basic human needs.

While Africa's rapid economic growth holds promise, sub-Saharan Africa lags behind the world, and particularly the rest of the developing world, in terms of basic indicators like infant morality, maternal mortality, literacy, and access to health care.

Current economic models based primarily on privatisation strategies do not include accountability in terms of meeting people's basic needs.

The three basic categories, are: economic actors — basically spammers — the second are governments, trying to interfere in elections — that's a security issue — the third is just polarization and some kind of lack of truthfulness in what you've described as the media and in terms of people who are legitimately trying to get the opinion they believe out there.