Economics Archives - PersonalFinanceLab

Gross Domestic Product

Kevin Smith — Wed, 29 Aug 2018 18:40:32 +0000

Gross Domestic Product (GDP) is a measure of the total economic output a country makes in a given year, and indicates the total size of the economy. Want to learn about how it is calculated? This article will answer that question, and more!

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Monetary Policy

Kevin Smith — Mon, 18 Dec 2017 21:14:18 +0000

The government has two main ways it tries to influence the economy – through Fiscal Policy and Monetary Policy. Montetary policy involves the government directly injecting cash into the economy through government spending.

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Inflation

Kevin Smith — Sun, 10 Dec 2017 18:08:19 +0000

“Inflation” means that the general prices of goods and services goes up from one year to another. There are a few ways to calculate inflation - from a simple "basket of goods" compared over time, to complicated economic models looking across thousands of factors

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Government Impact on the Economy

Kevin Smith — Sun, 10 Dec 2017 00:23:45 +0000

In any society with a market-based economy, the government must: ensure the common defense, promote economic growth, and strive to maintain a just society. All three of these tasks are related to the economy in one way or another, meaning everything the government does will have an impact on the economy.

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Time Value of Money

Kevin Smith — Fri, 08 Dec 2017 16:03:55 +0000

The Time Value of Money is a concept that a dollar in your pocket today is worth more than a dollar tomorrow - because you can use it right away. The time value of money is determined by interest rates and opportunity cost - what else could you be doing with that money?

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Starting A Business

Kevin Smith — Wed, 20 Jul 2016 14:16:47 +0000

Building the next "Big Thing". Being your own boss. Getting the full rewards for your work. There are a lot of reasons to start a business (along with lots of risks), but taking the plunge is a step every entrepreneur has to face if they plan on striking out on their own.

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Credit – Using Borrowed Money

Kevin Smith — Tue, 19 Jul 2016 19:37:34 +0000

"Credit" is when you have the ability to use borrowed money. This can come in many different forms, from credit cards to mortgages. There is a wide range of ways to use credit, which means that it is often a challenge for beginners to learn all the different ins and outs of using credit.

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Interest Rates

Kevin Smith — Wed, 15 Jun 2016 19:58:51 +0000

Interest rates are a percentage that is used to calculate how much a loan or investment grows over time. A "Nominal" interest rate is just the percentage on the loan - the "Real" rate subtracts expected inflation

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What is the New York Stock Exchange?

admin — Tue, 17 Nov 2015 16:28:42 +0000

The New York Stock Exchange (or NYSE) is the largest stock exchange in the world, where buyers and sellers come to trade U.S. stocks!

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Stocks

Kevin Smith — Tue, 17 Nov 2015 15:21:11 +0000

Stocks are a share of ownership of a company. If you own a stock, you are involved in some of its management decisions, and you are entitled to some of the company's profits.

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