Fantastic 4 presentation framework Economic factors Microeconomics

Fantastic 4 presentation framework Economic factors

Microeconomics: summary 1 Supply & Demand 2 Market equilibrium 3 Elasticity of demand Substitutes Amount of income spent on the product Whether the product is a necessity The duration of change in price 4 Cost behavior Short-term, low of diminishing returns Long-term, diseconomies of scale 5 Types of market Perfect market Imperfect market Monopoly

Macroeconomics: concepts 1 Factors affecting level of business activity Confidence Aggregate demand Capital Use of resources Government policy Exchange rate movements 2 Trade cycles Recession Trough Expansion Peak 3 Macroeconomic policy objectives Economic growth Inflation Unemployment Balance of payments

Macroeconomics: policy options 4 Fiscal policy options Approach to closing a deflationary gap Budget deficit Budget surplus 5 Monetary policy options Money supply Reserve requirements Open market operations Interest rates 6 Demand supply side policies Classical approach: omission Keynesian approach: demand side Monetarist approach: supply side

Macroeconomics: specific policies 7 Growth stimulation Cutting interest rates Running a budget deficit Supply-side policies Other 8 Unemployment Cyclical Frictional Structural and technological Seasonal Concerned with real wages Treatment of unemployment and levers for affecting one 9 Inflation Demand-pull Cost-push inflation Imported inflation Monetary inflation Expectations effect * Balance of payments deficit Expenditure-reducing strategies Expenditure-switching strategies