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signed up for an <"http:www.straighterlinecollege-courseseconomi...quot;>online economics course Gabriel AC Milan Jersey , it's good to know what to expect. Economics in general is the study of how goods and services are produced, distributed, and consumed. The word "economics" comes from the ancient Greek and basically means "rules of household," which makes sense, because running a household is how most people encounter economics on an everyday basis. A century or so ago Franck Kessie AC Milan Jersey , what most of us think of as "economics" as it shows up in the news was called "political economics" to differentiate it from the economics that apply to people's individual lives. However, the more general "economics" started to be used in place of "political economics" by the 20th century.

Microeconomics

Your online economics course will cover microeconomics, which studies how markets work and how they are structured. Microeconomics deals with how private and public market players interact with each other through individual markets. A market in microeconomics terms deals with the buying and selling of products, and microeconomics also studies how supply and demand affects markets. You will likely learn about concepts such as:

Production
Market Specialization
Uncertainty
Market Failure
Macroeconomics

Macroeconomics deals with economics on a larger scale, seeking to study and understand things like gross domestic product Fabio Borini AC Milan Jersey , unemployment, inflation, monetary policy, and fiscal policy. Macroeconomics also studies factors effecting long-term national growth, technological changes and their effects Davide Calabria AC Milan Jersey , and how labor forces change over time. Business cycles are another aspect of macroeconomics. Macroeconomics as a discipline came into being after the Great Depression of the 1930s. Inflation and monetary policy have become more prominent topics in the study of macroeconomics, particularly over the past 30 years. Monetary policy has become a major political topic and often plays a big part in presidential platforms in the U.S. and national electoral politics in many other nations as well.

International Economics

Online economics courses sometimes deal with international economics. International trade has become