Hi Folk,
yesterday I did some OB revision, today and tomorrow is Economics my subject. Sometimes I have the feeling, that I slowly get trough it, sometimes I think I'll never get this stuff in my head :)
Today I tried to learn all the formulas to calculate government spending, taxation, national input/output, inventories....
This one is the most important "basic" formula:
Y = C + I + G + X - Z
which means: National income/output (they are equal by definition) = consumption + investment + government spending + export - import. And then you have much more formulas related to this one :)
Today I although tried to learn the stuff about "fiscal policy", "inflationary gap" and "deflationary gap" ... now I have to go back to study "monetary policy" ... which wouldn't be such a big act, but as always there have to be two different theories "Quantity" and "Keynesian".... ggggrrrrrrrrrrrrrr
So sleep well, I have to do some stuff now to use my time!
Carpe diem!!! :o)
oh... and by the way, just right now I listen to the first Christmas song of this season at the radio!
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