Macroeconomics
I've been watching manquin's fifth edition of pink the other day, and i've recently discovered that there's only one last chapter left.
In about 04, i bought manquin's third edition, 44 bucks. Now it's all about microeconomics
(1) the cost of something is what you give up to get it
What does that mean? I just remember a general example from the book: you can choose to work for a summer vacation (e. G. 2,000 dollars) or to go to the sea. If i hadn't read the book, i'd think it was 2,200, but after i had read it, i knew that i was going on vacation at 2,200 + 2000 = 4,200.
(2) the ten-principle principle of economics: rational people consider marginality ...
Assuming that all the products produced in the plant can be sold, the production is not as high as possible, but at the best, because when the production exceeds that optimal point, the profits from each additional product begin to decrease. Because of productivity costs, price reasons, etc.), goods produced after exceeding this marginal point are not counted.
(3) the whole book talks about the demand-supply curve, and after reading it, i remember only one figure, the demand-supply curve.
This is microeconomics, which largely explains the first six points of the ten principles of economics.
Eight years later, i read a lot of books, but i was deeply concerned that the economic theory of the entire macrosystem was not well-informed, that the policies of the country, the situation on the periphery, the impact of developments in the world on the market and the economy were not clear at all.
When i'm done, i've finally learned the story of the ten principles, the feeling of the japanese earthquake, the fukushima nuclear radiation, the libya conflict, the 12th five-year plan, the central bank's increase in reserves, the effect on consumer investment exports, and i've come to a conclusion, so that the volatility of the stock market is in my heart as well.
What do i remember after reading this book?
(1) GDP = consumption + investment + government purchases + net exports
(2) the key to improving people's living standards is to develop productivity
(3) currency and inflation and currency demand and supply
(4) total demand - total supply curve, factors affecting it, and impacts.
It's just the first time i've read it, and it's important to be warm and new for a while.
