Search Results

Why Should I Care? There seem to be rules that govern markets. For example, no one can sell more stuff, than what people are willing to buy. At least not in a free market. This idea of demand – how much people are willing to buy – is at the heart of economics...

Why Should I Care? Most of the things we buy nowadays come from abroad. If they become more expensive, it affects our purchasing power. All of a sudden, what happens in other countries, and how our exchange rate of the Canadian dollar reacts to that, really m...

Why Should I Care ? If you live in Quebec, you would be interested in knowing how your taxes are being used. The province has used innovative strategies in the past to develop its economy, such as creating its own pension fund, public auto insurance, Hydro-Qu...

Why Should I Care? Politicians are taxing you, and spending your money. You might be interested to know how much, and where the money goes. This Lecture Has 6 Parts The Flow of Tax Money in Canada The Balanced Budget Federal Tax Revenue Federal Governm...

Why Should I Care? Comparing actual production levels to the full potential of our economy is useful to understand whether or not the government should intervene to create jobs, or to stem inflation. This Lecture Has 5 Parts What is the Long-Run? Long-Ru...

Why Should I Care? Politicians spend your money. You might want to understand what their arguments are for increasing expenditures or changing tax rates. Hint: most of their arguments come from macroeconomic theory. This is the most used macroeconomic model, ...

Why Should I Care? Politicians spend your money. You might want to understand what their arguments are for increasing expenditures, or changing tax rates. Hint: most of their arguments come from Keynes’ macroeconomic theory. This Lecture Has 8 Parts Sorti...

Why Should I Care? Would you prefer to live in a system where people are free to produce and buy what they want? Or would you prefer to live in an economy where most decisions are made by political committees? Sounds like a rhetorical question, but its not. T...

Why Should I Care? The world you know is globalized. It was not quite that way before. What goes on in Asia affects you more than ever. For example, a strike in a Chinese manufacture in August, can affect the supply of toys in Montreal in December. Explain th...

Why Should I Care? Our economy is not always stable. It grows and shrinks, sometimes violently, wreaking havoc on families and communities through inflation or unemployment. There is a silver lining; business cycles can provide opportunities to those who unde...

Why Should I Care? Markets are not always perfect, and consumers sometimes pay too much for what they get. Producers will always try to “Cherry Pick” the best prices from consumers’ demand schedule. This Lecture Has 3 Parts Monopoly Oligopoly Monopolist...

Why Should I Care? People need to know how big our economy is, and whether or not it is growing. If the economy is too small or growing too slowly, we may be in big trouble. This can affect the levels of employment and prosperity, but also the political stabi...

Why Should I Care? Everyone cares about prices. When things are cheap, we are richer. And when things are expensive, we are poorer. Enough said? This Lecture Has 4 Parts Why Inflation? Types of Inflation Winners and Losers of Inflation Consumer Price I...

Why Should I Care? The amount of money in circulation is a really important issue in economics. It's going to affect your ability to get a loan to buy a house, or a car, and the price of everything else on the market. This Lecture Has 7 Parts Definition a...

Why Should I Care? The level of employment determines how wealthy most people are. Not having a job often means hardship and poverty. If too many people don’t work, this affects the whole economy. This Lecture Has 4 Parts The Labour Force Unemployment T...

Why Should I Care? What you do affects other people. The money you spend on clothes, music, and food, is reused in the economy and becomes income for other people. This cycle is important to understand as it emphasizes both the power and the fragility of the ...

Why Should I Care? Markets are supposed to be stable and self-regulating. But social and natural events can disrupt markets and wreak havoc on regular peoples’ lives. Predicting how markets will react to outside factors can make you rich, or at least avoid be...

Why Should I Care? Economists believe that free market prices are very rich and subtle information signals, which enable markets to make better decisions than the government or an expert committee could. That feedback allows markets to self-regulate, which is...

Why Should I Care? Producers come to the market with a completely different mindset than do buyers. Producers want more money for fewer products. How can they agree with buyers, who want more products for less money? Understanding the supply-side of the story...

Why Should I Care? Politicians are taxing you, and spending your money. You might be interested to know why. Often, government is using its budget to try to “fine-tune” the economy to create jobs or stem inflation. This Lecture Has 5 Parts Automatic Stabi...