UGBA 10 Lecture Notes - Lecture 1: Nasdaq, Perfect Competition, Price Controls

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: Briginshaw John

Document Summary

Know how to listen to the markets if bonds go up there is more demand for loan able funds. Market economy- individuals control production entirely most economies are mixed markets s and d. More people eat pizza if it"s cheap, but restaurants won it exist if prices are too low equilibrium is where these balance. Degrees of competition perfect competition - many competitors, easy entrance, similar goods, no price control. Gdp - total value of all goods and services produced within a given period by a national economy through domestic factors of production factors: land and physical resources, capital and machinery, labor, entrepreneurship. Economic value of all exports - value of imports, positive or negate. National debt- value owed to creditors inflation incurs when the price of goods in an economy rises. Deflation comes ponds w| low or no growth. Deflation makes borrowing undesirable because you are losing money. Fiscal policies regulate these- how the gov collects and spends revenue.