← Money & Economics, Made Simple
Understanding the Economic Machine
Make sense of the economy in the news: common indicators, why central banks raise and cut rates, and how economic cycles touch ordinary people.
Unit 1
Making Sense of the Economy in the News
Translate the economic terms that keep showing up in the news into plain language, and see how they relate to you.
- 1What GDP, Unemployment, and Inflation Are Telling YouThe three most common economic indicators, and what each one measures6 Q
- 2What Central Banks Are Really Doing When They Raise and Cut RatesInterest rates are the economy's gas pedal and brake, shaping people's willingness to borrow and spend6 Q
- 3Economic Cycles: Booms and Busts Take TurnsThe economy has its seasons; expansion and contraction alternate, and it's closely tied to ordinary life6 Q