By Ken Heather
This article brings the interesting topic of economics alive, addressing present and infrequently debatable concerns that experience an excellent influence upon us all, for instance: why does executive fear approximately inflation? what's a good salary? Is the Euro a good suggestion? The kingdom of the overall healthiness carrier, and so forth. The ebook adopts a distinct case-study strategy, to either stimulate and problem the coed. all the twenty instances has been conscientiously selected to accumulate an figuring out of monetary research, displaying how monetary conception pertains to the true global. for instance offer, call for and Elasticity is mentioned with assistance from the case of 'The inventory industry: a brief solution to riches or poverty' and Oligopoly is roofed with assistance from the case of 'Europe's airline costs: the sky is the limit?'
Read Online or Download Economics Theory in Action PDF
Similar curricula books
The Hidden Curriculum in Higher Education
The Hidden Curriculum in larger schooling is a bold examine the way in which faculties and universities produce race, classification, and gender hierarchies and reproduce conservative ideology. those unique and provocative essays make clear all that is still hidden in greater schooling.
Un-Standardizing Curriculum: Multicultural Teaching in the Standards-based Classroom
How can academics learn how to train wealthy, academically rigorous multicultural curricula below present standardization constraints? In her new ebook, Christine Sleeter deals a much-needed framework to aid academics tackle this problem. via contrasting key curricular assumptions with these of multicultural schooling, she finds the points they proportion in addition to the conceptual and political transformations among them.
By means of taking a close examine the implementation and administration of extensive interplay in faculties, the authors of this article provide sensible information on tips to get the main from the procedure in a college context. The textual content comprises: assistance on coping with priorities, education matters, strength dynamics and dealing with OFSTED; recommendation on constructing and working review initiatives; transparent hyperlinks to the nationwide Curriculum for SEN; case reports from distinct and mainstream faculties; and a thesaurus of phrases.
Learners, Learning & Assessment (Learning, Curriculum and Assessment series)
`A wealth of fabric for educators in faculties, universities and different academic settings. they are going to even be a considerable source for college students venture better measure reports in schooling. .. . absolute to make an important contribution to coverage improvement, academic perform and college reform in destiny' - instructor improvement This textbook offers a theoretical framework for contemplating previous and present advancements in examine into perspectives of the brain and of studying.
- Mastering the Staff
- TABE Test of Adult Basic Education : The First Step to Lifelong Success
- The Young Child as Scientist: A Constructivist Approach to Early Childhood Science Education, Third Edition
- The feel-good curriculum: the dumbing-down of America's kids in the name of self-esteem
- Teaching and Learning Patterns in School Mathematics: Psychological and Pedagogical Considerations
Additional resources for Economics Theory in Action
Sample text
The price you pay for a good, then, should reflect the opportunity cost of the resources allocated to its production. Take this book. You would have appreciated the chance to buy it for less. But many people – author, publisher and printer – had to give time to its production, time they could have used for something else. Owners of the capital, printing presses, and so on, could have allocated their resources elsewhere. The price reflected what you had to pay to draw resources into this area of activity – the resources’ opportunity cost.
Some profit will be retained. Large companies never concentrate exclusively on just one source but will use a variety of sources to raise funds for investment. At first it might seem that the ideal is to fund all its capital needs out of past profits since it will then not need to pay out interest or dividends. But we must remember two things. First, large companies’ capital needs will be too great for this to be possible. Second, even the use of internal funds has costs. There are opportunity costs in terms of the interest forgone by using the funds for capital investment rather than, say, lending to a bank.
Equity demand might then fall. Equities in other countries are also a substitute. It is perfectly possible to invest in European or Japanese firms.