GEOG 221 Lecture Notes - Devaluation
25 Feb 2014
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Document Summary
Economic conditions: price, firms, trade, production, and environmental quality (?: most of what economics thinks it can know is quantitative, the information that goes into the analysis is almost always quantitative, knowing the world in a particular way means that you bring the things to it that you think matter, the problem occurs when you think that if something is not quantitative, it is not economic we need to refuse this, qualitative life affect how we interact in the economy; our behavior will never be entirely calculable. Borrow million and have to give back million: can be from one day to 30 years, the interest rates generally increase over time, they sell bonds in auctions most of the buyers are other governments or banks (such as rbc); they are considered assets, you have a guaranteed income in the future, they often borrow for 5 years also a standard renegotiation period for a mortgage.
