Class Notes (835,006)
United States (324,008)
EC 203 (9)
Lecture

Consumer, discount rates.pdf

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Department
Economics (EC)
Course
EC 203
Professor
nejemraheem
Semester
Spring

Description
Discount rate--a numerical way to assess how people value the future High discount rate--value the present more - going to a concert instead of a class Low discount rate--value the future more - the government - college Evolution of the Consumer Consumer sovergnity--consumption is the goal of the economy GDP-- how much the economy grows in terms of production and consumption. We can assess how well an economy is working in terms of how well they create opportunities for people to live better lives --Amartya Sen Ecological Economics of Consumption Throughout:flow of ray materials and energy from the global ec
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