
Explore microeconomics and the individual decisions of all elements that make up a country, showing how they manage their resources to feed the country's economy.
Explore microeconomic concepts in economic culture, including price, quantity, price elasticity, consumer demand, and opportunity cost in market exchanges.
Explore microeconomic concepts and the types of market, including monopoly and oligopoly. See how monopoly sets prices or output and how oligopolies involve competing firms.
Explore macroeconomics by examining the behavior of the global economy to understand the environment and inform decisions that improve people's situation, considering both short- and long-term perspectives.
Explore macroeconomic factors that cause crises or bonanza, how they manifest, and the possibilities for solving them, with analysis of fiscal policy, monetary policy, and inflation.
Fiscal policy describes how the government uses tax revenue to bolster growth, but may slow expansion by reducing production and raising prices.
Regulate interest rates and credit to implement monetary policy, carried out by the central bank and complementary to fiscal policy, to influence money in circulation and prices.
Examine inflation as the general rise in prices for goods and services. Learn how demand growth and rising production costs drive price increases, with electricity price examples illustrating consequences.
Explore macroeconomics topics that influence long-term stability and growth, including public debt, investment, credit, economic growth, and economic development.
Explore how governments use public debt to finance programs, distinguish internal and external debt, and manage interest costs through investment decisions and tax measures.
Explore microeconomics topics within economic culture, including how embezzlement drains budgets for infrastructure, education, and social programs, and how investment and low-interest credits influence growth.
Credit in microeconomics describes money transfer from financial institutions to governments or firms with repayment promises, while excess money supply can cause inflation and lenders assess risk.
Explore how economic culture shapes microeconomic topics and drives economic growth through rising production of goods and services and the development of infrastructure policies that boost income.
Explore how economic culture shapes microeconomics and distinguish economic development from economic growth, examining the pursuit of well-being and its relation to quality of life.
Explore microeconomics topics within economic culture and analyze what happens in our country, while taxes and economic indicators provide information to fully understand what is happening around you.
Economic culture is a concept that says a pledge of money is included in the price of each product or service that people and companies chase.
Economic culture explains how governments obtain income to fund public services, social programs, and infrastructure, using revenue to meet population needs efficiently and promote sector development such as roads.
Explore economic culture by examining tax types, including income tax, value-added tax, and special taxes.
Explore how direct taxes affect individuals and companies by taxing income as a proportional share and by linking property ownership, source of income, and tenure.
Explore indirect taxes on products and services, including value added tax as a consumption tax. Identify how vat applies to alcohol, tobacco, car bonds, and electricity.
Examine how higher taxes influence economic culture by reducing savings and capital for other uses, curbing harmful product consumption through price increases, and steering corporate investment decisions.
Explore how currency acts as a reference of value for transactions. Understand how valuation and depreciation relate to keeping a currency's value stable, as guided by a country's monetary authority.
Explore how valuation and depreciation relate to exchange rates and how the value of one currency is expressed relative to another, such as pesos per dollar.
The economy is an area of production, distribution and trade, as well as the consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasizes the practices, discourses and material expressions associated with the production, use and management of resources'. In a broad sense, economics refers to the organization of the use of scarce resources (limited or infinite) when they are implemented to satisfy individual or collective needs, so it is a system of interactions that guarantees that type of organization, also known like the economic system.
Economic activities cover three phases: production, distribution and consumption Since production depends on consumption, economics also analyzes the behavior of consumers with respect to products. Some economic activities are agriculture, livestock, industry, commerce, and communications.
The economy is divided into two central divisions according to its scope: 27
Microeconomics
Microeconomics is a part of the economy that studies the economic behavior of individual agents, such as consumers, companies, workers and investors; as well as their interrelation in the markets.
Macroeconomy
Macroeconomics is the part of economic theory that is responsible for studying global indicators of the economy through the analysis of aggregate variables.
The economic culture understood as the set of knowledge and experience that throughout the course of history have influenced the development of the processes of production, distribution, commercialization, and consumption of goods and services, which are revealed through economic thought . They are also the traditions, values and attitudes that are manifested in the historical-concrete practice of each individual, being able to be used for the benefit of all and with social responsibility. However, can this last expression of the concept of economic culture be understood?