Capitalsim Vs Socialism
The three economic questions: What to produce? How to Produce? Who consumes what is produced?
Factors of production: land, labor, capital and entrepreneurship
Income Inequality
Market equilibrium / Supply, demand, and market equilibrium
Changes in equilibrium price and quantity when supply and demand change
Surplus and shortage
Price ceilings and floors
Introduction to price elasticity of demand
Types of firms: proprietorship, partnership, corporation
Oligopolies and monopolistic competition
How does the stock market work
How Democratization Is Paving A Path Of Continued Growth In The Stock Market (Forbes article, Mar 3, 2021)
Externalities
Investment basics: risk, reward, and liquidity
Private sector vs public sector
Economies of scale
The role of the Federal Reserve
The business cycle
Circular flow of income and expenditures
Fiscal and monetary policy
Components of GDP
GDP and GPI
Limitations of GDP | Economic indicators and the business cycle
How to calculate the Consumer Price Index (CPI and inflation rate)
Income and wealth inequality
Pros and cons of globalization