Download Money for Minors: A Student's Guide to Economics by Marie Bussing-Burks PDF

By Marie Bussing-Burks

Funds. Debt. rates of interest. financial ruin. Billionaires. scholars may perhaps remember the fact that cash makes the realm pass 'round, yet so much are a bit shaky by way of explaining how and why. utilizing an A-Z structure and containing over four hundred entries, this reference booklet presents an important beginning of commercial and financial wisdom for middle-school, high-school, and neighborhood students. brief gains scattered through the textual content upload curiosity and enjoyable, whereas assisting scholars know how economics impacts their day-by-day lives. most sensible, the entries are written in a mode excellent for college students simply starting to find out how economies paintings and functionTeenagers spend over $100 billion each year within the U.S. and impact every thing from garments types to track and flicks to nutrients and mobile phones. cash for Minors might help them know the way their day-by-day judgements have a huge effect at the financial system. certain beneficial properties will permit budding moguls to appreciate how they could turn into marketers and create financial worth in quite a few methods, evaluation bargains from banks and bank card businesses, learn the company component of the newspaper, comprehend the significance of assorted govt information, and extra. And the publication won't simply organize scholars for the higher-level economics classes they are going to soak up highschool and college—it should be an amazing advisor for a person doing study on every little thing from the nice melancholy to bank card debt to genuine property to inflation. Over four hundred in actual fact written definitions may also help scholars comprehend the basic strategies of economics and finance. moreover: -Short sidebars scattered during the textual content support scholars know the way economics impacts their day-by-day lives. issues contain analyzing inventory rates, icon economists like Alan Greenspan, financial trivialities, cool econ and financial web pages, and the fundamentals of entrepreneurship. -Six mini-lessons supply real-life purposes of ways the economic climate features. issues contain The Federal Reserve approach, Gross household Product, executive Spending and Taxation, nationwide Debt, cash, and The enterprise Cycle. Used as a stand-alone reference or along with an economics textbook, the definitions within the booklet can help scholars research the language of economics—and aid them comprehend the ways that contributors, companies, and govt interact to shape our $13 trillion economic climate.

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Extra resources for Money for Minors: A Student's Guide to Economics

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Most types of debt call for interest payments at specified periods and repayment on the maturity date. Debt is a common means of existence in developed economies, and is an obligation to repay. DEBT CEILING The total limit a governmental entity can borrow. The national debt ceiling is raised periodically by Congress. 815 trillion. S. government can borrow without receiving further authority from Congress. DEBT INSTRUMENT A written promise to repay money. A debt instrument could take many forms, including bonds, bank certificates, promissory notes, and mortgages.

Most types of debt call for interest payments at specified periods and repayment on the maturity date. Debt is a common means of existence in developed economies, and is an obligation to repay. DEBT CEILING The total limit a governmental entity can borrow. The national debt ceiling is raised periodically by Congress. 815 trillion. S. government can borrow without receiving further authority from Congress. DEBT INSTRUMENT A written promise to repay money. A debt instrument could take many forms, including bonds, bank certificates, promissory notes, and mortgages.

ECONOMIST, MAINSTREAM A mainstream economist accepts the prevailing thoughts and influences in economics. He or she analyzes the economy with a similar approach and uses the same basic underlying economic models. EFFICIENCY Obtaining the maximum output from given resources. ELASTICITY The response of consumers to a change in price is measured by the price elasticity of demand. Price elasticity = % change in quantity demanded ÷ % change in price. Since quantity demanded decreases when prices increase, the price elasticity of demand is always negative.

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