MB105 Lecture Notes - Lecture 3: Open Market Operation, Demand Curve, Bitcoin
2 Jun 2017
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Supply refers to how much of a product or service is available for purchase at any given time. Law or supply the amount supplied will increase as the price increases, will increase as the price increases; fi the price is lower. Globalization is largely driven by cost reductions in transportation and communication. Bad thing: capital leaving the (cid:272)o(cid:373)pa(cid:374)(cid:455), e(cid:454). Ca(cid:374)ada (cid:272)a(cid:374)"t (cid:272)o(cid:373)pete with the la(cid:271)or pri(cid:272)es i(cid:374) asia(cid:374) (cid:272)ou(cid:374)tries. Increased interconnectedness: new scientific and information revolutions = new insights, innovation, resources and transparency, transborder health risks ex. Sars, ebola: growth in the number of non-state actors, rise of multi- and trans-national companies, neo-liberal forms of globalization are problematic organizations like the world bank and imf have had a large impact on the world. Nominal gdp is the market value of final goods and services produced in a country in a year.
