Overview: Measuring how many goods and services a country produces is a massive undertaking. This lesson will help you understand how it is done and why it is never perfect.
Overview: How do you make sure the U.S. has enough money flowing to make transactions, but not too much so that there's not inflation? This lesson explains.
Overview: Ever paid taxes on anything? Ever attended a public school or driven on a highway? If so, you were seeing fiscal policy in action without even thinking about it. This lesson explains how the Government can alter the economy through taxes and spending.
Overview: Both a critically important institution and a complete mystery to many people, the Federal Reserve System is in charge of the U.S. money supply. Click here to learn how the organization operates.
Overview: It's no secret that trade is beneficial. Some nations like to put that in writing and make agreements with each other called trade blocs. Learn more here.
Overview: Pesos, dollars, and rupees - oh my! With so many different currencies in the world, buying and selling goods and services across borders can get complicated. This lesson explains how trading currencies works.
Overview: In this lesson you will learn how currencies are really no different than most goods and services when it comes to how they respond to supply and demand.
Overview: Why does the United States import so many clothes and shoes? Why do some countries seem to be associated with one product, like oil, so much? The answers to these questions, and more, can be found in this lesson.
Overview: Most economists agree that trade is good and free trade is even better. If that's the case, why - and how - do almost all nations try to limit it? This lesson explains.
