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If you have signed up for an <"http:www.straighterlinecollege-courseseconomi...quot;>online economics course Cheap Rickard Rakell Hat , it's good to know what to expect. Economics in general is the study of how goods and services are produced, distributed, and consumed. The word "economics" comes from the ancient Greek and basically means "rules of household," which makes sense, because running a household is how most people encounter economics on an everyday basis. A century or so ago, what most of us think of as "economics" as it shows up in the news was called "political economics" to differentiate it from the economics that apply to people's individual lives. However, the more general "economics" started to be used in place of "political economics" by the 20th century.

Microeconomics

Your online economics course will cover microeconomics Cheap Antoine Vermette Hat , which studies how markets work and how they are structured. Microeconomics deals with how private and public market players interact with each other through individual markets. A market in microeconomics terms deals with the buying and selling of products, and microeconomics also studies how supply and demand affects markets. You will likely learn about concepts such as:

Production
Market Specialization
Uncertainty
Market Failure
Macroeconomics

Macroeconomics deals with economics on a larger scale, seeking to study and understand things like gross domestic product, unemployment, inflation, monetary policy, and fiscal policy. Macroeconomics also studies factors effecting long-term national growth Cheap Josh Manson Hat , technological changes and their effects, and how labor forces change over time. Business cycles are another aspect of macroeconomics. Macroeconomics as a discipline came into being after the Great Depression of the 1930s. Inflation and monetary policy have become more prominent topics in the study of macroeconomics, particularly over the past 30 years. Monetary policy has become a major political topic and often plays a big part in presidential platforms in the U.S. and national electoral politics in many other nations as well.

International Economics

Online economics courses sometimes deal with international economics. International trade has become a much more important topic as markets worldwide have opened up and as people have become more mobile and interconnected. International economics studies how goods and services flow through international boundaries, and how things like tariffs and trade quotas affect the international flow of goods and services. Other topics covered by international economics include monetary exchange rates and the effects of globalization on markets at all levels.

Other Economics Topics

In your college economics course, you may also study economic theory, collecting and analyzing economic data, economic law Cheap Derek Grant Hat , and the history of economics. You will most likely spend some time studying people like Adam Smith, Karl Marx, John Maynard Keynes, and Milton Friedman. Economics courses can be demanding, because they tend to require a lot of reading. However, as long as you keep up with the reading and complete all assignments, you should be able to succeed in your economics class. Economics doesn't have to b le.com/]wholesale nike shoes free shipping[/url] http://www.wholesalejordanshoescheap.com/