FHCE 2100 Lecture Notes - Lecture 1: Per Capita Income, Disposable And Discretionary Income, Deflation

• School: University of Georgia
• Department: Financial Planning, Housing and Consumer Economics
• Course: FHCE 2100
• Professor: Carswell

Document Summary

Personal decisions with a clear economic perspective: rational decision-making: maximize utility subject to constraints, cost-benefit analysis: what are the objective and subjective costs/benefits associated with the alternatives, examples: date/not date, marry/not marry, pets/no pets, new car/used car. Chrysler and ford asked for bail money: across the great recession: 8. 8 million jobs were lost. Traditional measures: deflation general decline in prices. Fhce 2100 test 1 introduction unit 1: causes include: reduction in the supply of money or credit and decrease in government, personal or investment spending, uga increases tuition and puts the money into something else. Inflation rate at which prices of goods and services rise (so purchasing power of a. Increased interest rates: consumer price index (cpi) index of price changes in 400+ goods and services, compiled by us bureau of labor statistics, shows changes in prices weighted by the quantities of goods and services bought share)