TMS – Principles of Economics: Business, Banking, Finance, and Your Everyday Life
MP3 + PDF | Professor Peter Navarro, University of California, Irvine Paul Merage School of Business
This course introduces both macroeconomics and microeconomics. Macroeconomics focuses on the big economic picture-specifically, how the overall national and global economies perform. It is a subject that focuses on big problems like unemployment and inflation and the dire threats that large budget deficits and trade deficits can pose for economic well-being. At a business and professional level, macroeconomics can help to answer questions such as the following: How much should I manufacture this month? How much inventory should I maintain? Should I invest in new plant and equipment? Expand into foreign markets? Or downsize my firm? At a personal level, macroeconomics can also help to answer equally important questions: Should I switch jobs-or ask for a raise? Should I buy a house now or wait until next year? Should I get a variable or fixed-rate mortgage? And what about my investments for retirement?