tailieunhanh - Lecture Macroeconomics - Chapter 4: An overview of the market system & the Canadian economy

Chapter 4 introduce an overview of the market system & the Canadian economy. In this chapter you will learn: The basic institutions required for a market economy, the Four Fundamental Questions any economy faces, how the “invisible hand” helps to close the gap between private & public interests, the role of government in a market economy, about the structure of the Canadian economy. | An Overview of the Market System & the Canadian Economy Chapter 4 SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn The basic institutions required for a market economy The Four Fundamental Questions any economy faces How the “invisible hand” helps to close the gap between private & public interests The role of government in a market economy About the structure of the Canadian economy Chapter 4 Topics Characteristics of the Market System The Market System at Work Competition and the Invisible Hand Market Failure The Circular Flow Revisited Structure of the Canadian Economy & Its Evolution Over Time The Market System Six basic facets: private property individuals & firms own resources The Market System Six basic facets: private property individuals & firms own resources also intellectual property The Market System Six basic facets: private property individuals & firms own resources also intellectual property facilitates exchange The Market System Six . | An Overview of the Market System & the Canadian Economy Chapter 4 SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn The basic institutions required for a market economy The Four Fundamental Questions any economy faces How the “invisible hand” helps to close the gap between private & public interests The role of government in a market economy About the structure of the Canadian economy Chapter 4 Topics Characteristics of the Market System The Market System at Work Competition and the Invisible Hand Market Failure The Circular Flow Revisited Structure of the Canadian Economy & Its Evolution Over Time The Market System Six basic facets: private property individuals & firms own resources The Market System Six basic facets: private property individuals & firms own resources also intellectual property The Market System Six basic facets: private property individuals & firms own resources also intellectual property facilitates exchange The Market System Six basic facets: private property freedom of enterprise & choice freedom of enterprise: businesses can buy & sell as they choose freedom of choice: owners can use or sell property as they choose workers can work where they like consumers can buy what they want The Market System Six basic facets: private property freedom of enterprise & choice self-interest businesses seek profits consumers seek value The Market System Six basic facets: private property freedom of enterprise & choice self-interest competition independently acting sellers & buyers easy entry & exit The Market System Six basic facets: private property freedom of enterprise & choice self-interest competition markets & prices prices signal scarcity & guide resource allocation The Market System Six basic facets: private property freedom of enterprise & choice self-interest competition markets & prices active, but limited government MODERN SYSTEMS Common Characteristics technology & capital goods MODERN SYSTEMS Common .

• Kinh tế học
• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Market system
• Canadian economy
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
• publication
• transmitted
• electronic
• mechanical
• photocopy
• Economic problem
• Foundation of economics
• Individual markets
• Market equilibrium
• Global economy
• International trade
• Measuring domestic output
• Income approach
• Economic growth
• Business cycle
• Aggregate expenditures model
• Equilibrium GDP
• Aggregate demand
• Aggregate supply
• Fiscal policy
• Legislative mandates
• Public debt
• Budget philosophies
• Canadian financial system
• Functions of money
• Balance sheet
• Chartered bank
• Monetary policy
• Bank of Canada
• New economy
• Trade barriers
• Exchange rates
• Balance of payments
• Economic models
• Functional notation