Fangxia Lin, PhD’s Profile Faculty Toggle navigation

Fundamental economic ideas and the operation of the economy on a national scale. Production distribution and consumption of goods and services, the exchange process, the role of government, the national income and its distribution, GDP, consumption function, savings function, investment spending, the multiplier principle and the influence of government spending on income and output. Analysis of monetary policy, including the banking system and the Federal Reserve System.

Fundamental economic ideas and the operation of the economy on a national scale. Production distribution and consumption of goods and services, the exchange process, the role of government, the national income and its distribution, GDP, consumption function, savings function, investment spending, the multiplier principle and the influence of government spending on income and output. Analysis of monetary policy, including the banking system and the Federal Reserve System.

Microeconomics is the study of individual units that make up the economy, such as households and firms. How these micro units interact in the markets, and how their interaction determines the allocation of scarce resources and distribution of goods and services.

Microeconomics is the study of individual units that make up the economy, such as households and firms. How these micro units interact in the markets, and how their interaction determines the allocation of scarce resources and distribution of goods and services.