Economics Archives - HowTheMarketWorks Education Center

What is Economics?

Kevin Smith A - G, Economics June 7, 2016June 8, 2016

Definition “Economics” is often called the Dismal Science – it studies the trade-offs between making choices. The purpose of economics is to look at the different incentives, assets, and choices facing people, businesses, schools, and governments, and see if there Read More

Price Controls

Kevin Smith Economics, N - T April 19, 2017

Definition “Price Controls” are artificial limits that are put on prices. If the limit is put in place to prevent prices from getting too high, they are called Ceilings. If they are in place to prevent the price from getting Read More

The Business Cycle

Kevin Smith A - G, Economics April 19, 2017August 20, 2018

What Is The Business Cycle? The Business Cycle is the broad, over-stretching cycle of expansion and recession in an economy. The Business Cycle is concerned with many things – unemployment, industrial expansion, inflation rates, but the most important indicator is Read More

Types of Companies

Kevin Smith Economics June 7, 2016

Have you ever wanted to start a business? Maybe you want to know the difference between a lemonade stand and Minute-Maid, besides just the size of the companies. Different types of companies have different levels of liability (meaning level of responsibility) for Read More

Major Economic Indicators

Kevin Smith Economics January 18, 2016June 14, 2018

Definition “Major Economic Indicators” are numbers that you can look at to try to get a picture of how well the economy is doing. Different indicators measure different parts of the economy, but their main characteristic is that they measure the Read More

Supply and Demand Examples in the Stock Market

Kevin Smith Economics January 18, 2016May 27, 2016

The stock market determines prices by constantly-shifting movements in the supply and demand for stocks. The price and quantity where supply are equal is called “Market Equilibrium”, and one major role of stock exchanges is to help facilitate this balance. Read More

Economics

What is Economics?

Price Controls

The Business Cycle

Types of Companies

Major Economic Indicators

Supply and Demand Examples in the Stock Market

Demand

Supply

Comparative Economic Systems

What is the Federal Reserve?

Monetary Policy

Inflation