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Marco- and Microeconomic considerations (Macroeconomics (Metrics (CCI…
Marco- and Microeconomic
considerations
Macroeconomics
Real GDP and Weight average price
interpreting macroeconomic infotmation
Inflation and deflation
Recessions and depressions
Metrics
CCI consumer confidence index
PPI Producer price index
Microeconomics
Supply and demand on a
microeconomic scale
Law of demand
law of supply
Equilibrium: the law of supply and demand
Price elasticity
Low-price items are generally inelastic and less impacted by small price changes
Necessities are inelastic and luxuries are elastic
Demand is more inelastic cover the short term and more elastic over the long term.
Price elasticity of supply
inelastic in the short time, elastic in the long term
Marginal analysis
Maginal utility
Marginal cost
Applying macro and microeconomic information