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macromap, households, economics, firms, ch.24 intoduces cost of living teaches the concept of consumer price index and its components such as 1)fix the basket 2)find the prices 3)compute the basket cost 4)choose a base year and compute the index 5)compute the inflation rate it also teaches the diffrences in money from one time period to another and how to calculate it aswell as the difference between real and nominal intrest rates, ch.25 welcome to p&g (production and growth) introduces us to the understanding of growth on an international level by showing the gdp for several major economies and their effects on eachother teaches the nature and importance of productivity and how it is determined the major determining factors are capital, resources, and knowledge which can be broken up into the following physical plant, property, and equipment human laborers, techinicians, ect. natural resources land, water, air, ect. technological knowledge peoples understanding of the best way to produce goods and services. it also discusses how theses factors are being affected with changes in socity this chapter also goes over other key concepts such as investment & savings diminishing returns & the catch-up effect foriegn investment and it goes into the effects to growth of things like education, free trade, and property rights and politcal stability and how these can be a major factors in production because they effect the quality of living and type of production for a market , businesses, governments, macro, it follows the money, micro, what does macroeconomics really do, individual consumers, ch.26 the sifs savings, investment, and financial system first things first this chapther starts with what a finacial system is which is a group of institution that help match one person's savings with another person's investment it then goes into the types of finacial markets bonds a certificate of indebtness or a loan & stocks a claim to partial ownership or your piece of the company financial intermediaries are financial institions that allow savers to indirectly provide money to borrowers the se groups include banks institutions that people use to save and borrow money & mutual funds institutions that people buy into to form a group of like investors in order to purchase and create larger stock portfolios important concepts such as savings, suplus and deficit are also discussed first the types of savings national savings is the total income in the economy that remains after consumption and government purchases are paid for private savings is the households left-over income that remains after taxes and consumption public savings is the tax revenue that a government has left after it's spending next is budget surplus which is an excess of tax revenue after governement spending budget deficit is a shortfall in tax revenue after government spending the this chapter discusses the supply of loanable funds the market for loanable funds is a market when those who want to save supply funds and those who want to borrow to invest demand funds the market founded by three policies policy 1 saving incentives which is policies the governement puts in place to increace private saving policy 2 investment incentives which is policy that government creates in order to increase investment policy 3 government budget deficits and surpluses which is policy that government creates in order to regulate its on spending, consumption, and revenue , ch.23 itroduces and shows you how to measure gdp teaches the components of gdp like consumption, investment, government purchases, and net exports it also teaches how to caculate real and nominal gdp as well as its deflator , 1)people face tradeoffs 2)2)the cost of something is what you are willing to give for it 3)rational people think in the margins 4)people respond to incentives 5)trade can make everyone better off 6)markets are usually a good way to organize economic activity 7)government can sometimes improve market outcomes 8)a country's standard of living depends on its ability to produce goods & services 9)prices rise when governments print too much money 10)society faces a short-run trade off between inflation and unemployment , who are they, governing bodies