Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics. 15 Sites Building and Promoting Educational PBL Communities… Across School and Around the Globe. Welcome to the fourth in a series of PBL Mania Posts .
For the next few weeks I am celebrating Project Based Learning. In this post I will introduce you to some outstanding collaboration tools found on the web that can be used in the PBL classroom. Before reading please take a moment to subscribe to this 21centuryedtech Blog by email or RSS and also give me a follow on Twitter at mjgormans. You will not want to miss this series or future posts involving STEM, Flipping the Classroom, Technology Integration, Common Core, and 21st Century Skills, So Sign Up Now! Project Based Learning. Project Based Learning. Problem-Based Learning Project. The History of Money. Share Posted 10.26.96 NOVA What is money?
By definition, it's something of value. But over the last 10,000 years, the material form that money has taken has changed considerably—from cattle and cowrie shells to today's electronic currency. Money & Debt: Crash Course World History 202. The History of Money. Money & Debt: Crash Course World History 202. Films - WE THE ECONOMY. 10 research tips for finding online answers. Before Danielle Thomson was our TED Prize researcher, she wrote trivia for Who Wants to Be a Millionaire?
And spent years finding difficult-to-source info for The Late Show with David Letterman. Awesome Chart for Teachers- Alternatives to Traditional Homework. Finance 2.0. Bitcoin. Bitcoin: the fastest growing currency in the world - video. CoinMap. Bitcoin for Undergrads, Wall Street’s Next Pump-and-Dump. The story was everywhere last week: MIT undergraduates will each receive $100 in Bitcoin when they arrive on campus next fall.
The gift comes thanks to an affluent donor and two precocious student entrepreneurs — one a sophomore computer science major, the other a first-year Sloan MBA student and president of the MIT Bitcoin Club. I exaggerate slightly when I say the story was everywhere. As far as I know, Foreign Affairs hasn’t yet picked it up. Bitcoin, Energy and the Future of Money — Armchair Economics.
While it’s impossible to predict how the Bitcoin experiment will pan out, it has already succeeded by creating a decentralized system for settling transactions, and by re-igniting interest in alternate currencies.
Here I explore the idea of currency backed by energy. A few months ago I wrote an article, The Joule Standard, which describes the idea of denominating a currency in units of energy (see also joulestandard.com). History of money. Many things have been used as medium of exchange in markets including, for example, livestock and sacks of cereal grain (from which the Shekel is derived) – things directly useful in themselves, but also sometimes merely attractive items such as cowry shells or beads were exchanged for more useful commodities.
Precious metals, from which early coins were made, fall into this second category. Numismatics is the study of money. Non-monetary exchange History of Fiat Money. In a fiat money system, money is not backed by a physical commodity (i.e.: gold).
Instead, the only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it. A good primer on the history of fiat money in the US can be found in a video provided by the Mises.org website. In a fiat monetary system, there is no restrain on the amount of money that can be created. This allows unlimited credit creation. Initially, a rapid growth in the availability of credit is often mistaken for economic growth, as spending and business profits grow and frequently there is a rapid growth in equity prices. Federal Reserve System. The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States.
It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system. The U.S.
The authority of the Federal Reserve System is derived from statutes enacted by the U.S. Congress and the System is subject to congressional oversight. Fractional-reserve banking. Fractional-reserve banking is the practice whereby a bank holds reserves in an amount equal to only a portion of the amount of its customers' deposits to satisfy potential demands for withdrawals.
Reserves are held at the bank as currency, or as deposits reflected in the bank's accounts at the central bank. Because bank deposits are usually considered money in their own right, fractional-reserve banking permits the money supply to grow to a multiple (called the money multiplier) of the underlying reserves of base money originally created by the central bank. Fractional-reserve banking is the current form of banking in all countries worldwide. History Fractional Reserve Banking. Fractional Reserve Banking by Murray N. Rothbard. G. Edward Griffin on the Federal Reserve System. Inflation - part 1/2. Many people will be surprised to learn that the dollar today is worth only 4 cents of a dollar in 1913 when the Federal Reserve, created for the stated purpose of fighting inflation and managing unemployment, was issued the charge of creating the nations currency.
The process by which the dollar has gradually lost value (buys fewer and fewer goods) is known as inflation. Today the dollar can purchase less than one-twentieth of the real wealth (tangible physical goods) it could purchase in 1913 despite significant productivity gains registered over the last few decades. This fact alone should illustrate the importance of inflation with regards to the general standard of living, yet it is one of the most widely misunderstood concepts in economics today. This article is written in 2 parts. Inflation - part 2/2. In part 1 we saw that defining inflation as generally rising prices is a red herring. We argued that the definition is meaningless because it cannot be objectively determined. However, rising prices are a phenomenon we observe today, and one that greatly impacts our lives. Ultimately, our goal is to explain rising prices.
It is insufficient to simply deconstruct the mainstream view of inflation, we must offer an alternate theory, one that hopefully better explains price movements. Inflationinonepage. Coinage1792. MONEY LAW The Coinage Act of April 2, 1792 (1 Stat. 246) Statute I. April 2, 1792 Chapter XVI. --An Act establishing a Mint, and regulating the coins of the United States. Mint established Section I. Gold standard. All references to "dollars" in this article refer to the United States dollar, unless otherwise stated. Under a gold standard, paper notes are convertible into preset, fixed quantities of gold. THE HISTORY OF MONEY Rothschild Banking. Crash Course Chapter 8: The Fed - Money Creation - Crash Course Videos at Chris Martenson - credit, Debt, Federal Reserve, interest, loans, money creation, perpetual expansion, the Fed, Treasury bonds.
DEBT: The First 5000 Years : David Graeber : Keiser Report. David Graeber: On the Invention of Money – Notes on Sex, Adventure, Monomaniacal Sociopathy and the True Function of Economics. Lessons Worth Sharing. Top Documentary Films - Watch Free Documentaries Online. How to Teach Critical Thinking. Robert H. What is Blended Learning? Rubrics - Bloom's Digital Taxonomy. 33 Free and Online Tools for Drawing,Painting and Sketching.
There are many professional and of course paid programs for graphic designers or digital illustrators.But in recent years many online tools are also released for drawing,painting or sketching.Today,we’ve collected free,online drawing and painting tools.Ok,these tools are not professional and maybe just for spending a little time when you are bored but when you see some examples in the below sites you may be surprised. If you would like more professional style tools check out a company like Procore, but it might not be free. Data Visualizations, Challenges, Community. Create A Graph. Production–possibility frontier. Indicators Supply and Demand. The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D).
Economics. Microeconomics. This is in contrast to macroeconomics, which involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment. Macroeconomics. Scarcity. Opportunity cost. Market economy. Planned economy. Economy. Mixed economy. Gross domestic product. Factors of production. Has the London house price bubble burst? - Telegraph. George Osborne: Britain's economic recovery at 'critical' juncture as eurozone 'risks slipping back into crisis' UA035227 GCE Lin Econom Issue 5 (1) Ebola crisis: The economic impact.
Economics Online provides analysis, comment, and data on economics, economic theories and issues. Shoppers lose appetite for big supermarkets. Price elasticity of demand. 'Sluggish' exports hurt Britain's factories. Clothing sales fall sharply as shoppers delay winter purchases. Mortgage approvals fall to lowest level in more than a year. Economics A-Z terms beginning with A. DMOZ - the Open Directory Project. Learning. SMART Board Website Resources. K-12 Education & Learning Innovations with Proven Strategies that Work. Free Educational Videos for K-12 Students.
Difference Between Socialism and Communism. Wikinomics. Economics Online Home. A-level Economics Revision. A Level and IB Economics. A Level Ecomonics from 2008. Economics Study Guides - SparkNotes. Economics Online provides analysis, comment, and data on economics, economic theories and issues. Just Business - Educational Resources with a Global and Ethical Dimension for Teachers and Students of Economics and Business Studies. Scribd. Capitalism, Socialism, and Communism. Socialism and Capitalism. Why economists are almost always wrong. Democracy at Work: How This One Big Idea Could Make Your Job Amazing and Revolutionize the Economy. It Doesn't Have to Be This Way. Capitalism vs. Democracy. Does the internet promote fairness of income distribution? (w/ Video)
For the Love of Money. Why we should give free money to everyone. Eight Elementary Errors of Economics (slightly revised) Restructuring the economy with empathy as its center. The Rich Don't Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class, 1900-1970: Sam Pizzigati: 9781609804343: Amazon.com. Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?: Steve Keen: 9781848139923: Amazon.com.
The disastrous flaws in mainstream economics, and how economies can serve our total wellbeing. “Sack the Economists” CASH TRANSFER FILM. Development: Time to leave GDP behind. Zero-Cost Economy - A blueprint to create general economic security in a Carefree economy.