Economics The Top Five Things A Student - 922 Words

In the world today there are all too many people who know all too little about economics, what it is, how it is, and most importantly how it affects them. This is the main reason that courses such as this one, Economics 1500, are required or strongly encouraged in an individual’s college career. However even after taking these courses many students still fail to capture the big ideas that will be most beneficial to them in their endeavors to understand how the world’s economy works, and in turn what decisions to make based off of how things are going/ functioning in an economy. I personally believe that the top five things a student should try and retain from an economic coarse are, GPD , Aggregate demand, Comparative advantage, Trade, and the importance of institutions. These five principles can help any individual to become a more informed consumer when regarding any economic news. The first topic I would like to discuss is GDP. GDP is a little tricky to explain, bec ause it is composed of so many components that help to try and measure how well an economy is doing. It is arguably one of our best ways of trying to measure productivity and consumption, but like most other economic systems it has its flaws. GDP takes into account all domestic expenditures (i.e. personal, business, and Government), foreign gains (i.e. money and demand gained from exports), and subtracts the expenses that benefit other countries (what we import). It uses this to try and track how well anShow MoreRelatedPublic Health Initiatives to Encourage Oral and Dental Health Education653 Words   |  3 Pagescare. Dental students go through a very rigorous and expensive training for many years to gain such expertise. According to ADA, dental school enrollment is increasing at 1.1 percent every year while the overall populace is increasing at 1.2 percent per year. 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Nigeria’s economic growth over the last five years has been driven by growth in agriculture, telecommunications, and services. In this paper I will be trying to marketing some of things in Nigeria that might have people interested in getting their hands on or even coming to Nigeria to see. For instance I will give you why some people would love to get in investing in oil or coming to see some of their most popular places in Nigeria and some of the down falls as well. One thing that people could