What is Opportunity Cost?
Sunday, July 4th, 2010 Posted in Economy 101 | No Comments »Opportunity Cost There are a lot of complicated concepts in economics, and while some are easier than others, all of them are important to understand. Economics is a diverse field with many things at play, and if you ...
What is Globalization?
Tuesday, June 29th, 2010 Posted in Economy 101 | No Comments »A Brief History of Globalization A concept that is becoming more and more important in the 21st century is globalization. Globalization is something that has been going on for thousands of years, but it is only now we are ...
What Is Time Value Of Money?
Wednesday, June 23rd, 2010 Posted in Economy 101 | No Comments »Understanding Time Value of Money Everyone wants to know how much their money is going to be worth down the road. Not only that, knowing how much money you may have will help you save better and make ...
What Is The World Bank
Sunday, June 6th, 2010 Posted in Economy 101 | 1 Comment »The World Bank One of the most important financial institutions in the world, if not the most important, is the World Bank. The World Bank is an international financial institution that provides leveraged loans to developing countries to help ...
What Is Micro and Macro Economics?
Sunday, May 16th, 2010 Posted in Economy 101 | 1 Comment »Difference Between Macro and Micro Economics In our day-to-day lives, the news will often mention the concept of microeconomics and macroeconomics. These two schools of economics are not as complicated as some people believe, but the concepts are extremely important ...
What Is The International Monetary Fund (IMF)
Saturday, May 8th, 2010 Posted in Economy 101 | No Comments »The International Monetary Fund (IMF) Whether you know it or not, there is an organization that has a huge impact on your life and while you probably have heard of it, you may not truly realize all that ...
Monetary Policy and Fiscal Policy
Thursday, April 29th, 2010 Posted in Economy 101 | No Comments »What is the difference between monetary and fiscal policy? Two of the most important parts of any country's economics are their monetary and fiscal policies. Many people assume that these two policies are one and the same, but ...
What Is Supply and Demand?
Sunday, April 18th, 2010 Posted in Economy 101 | No Comments »Understanding Supply and Demand Two highly important concepts that drive economics around the world is the concept of supply and demand. Supply and demand is an economic model of price determination within an economic market. In supply and demand, it ...
How Interest Rates Affect Consumers, Investors and Businesses
Wednesday, April 14th, 2010 Posted in Economy 101 | No Comments »Interest rates, consumers, investors, and governments The interest rate of a country is extremely important to the economy. The changing of the interest rate can have a great number of effects on how the economy performs, as well ...
How the Loonie Affects the Canadian Economy
Sunday, April 11th, 2010 Posted in Economy 101 | 3 Comments »How Strong Canadian Dollar Affects Economy If you ask a Canadian what the dollar is at, they will probably tell you that it is near the American dollar in value. Most Canadians know where the dollar ...
