ISD and You!

These are the assignments for the previous five weeks of economics. Notice how relatively simple they have been, easily understood etc.

• Discuss the difference between Laissez fair and a Central coomand economy in terms of production and consumption decisions. What is the position of the American economy in a wide spectrum of market structures between Laissez fair and Socialism.


• Discuss the price system and the alternative methods used to ration demand. Relate your answer to the types of economic Systems.


• 1. Define Inflation and Unemployment.
  2. Compare Unemployment both under the Classical theory and the Keynsian theory.


• Explain how we arrive at Personal Disposable Income from Gross Domestic Product (GDP).


• Please discuss hyperinflation and its consequences.

Now, here is this week's assignment:

Equilibrium is attained only when Aggregate Expenditures (AE) are equal to Aggregate Income (y), that is AE=Y; and if Consumption is part of both income and expenditure.
Y=AE-- C+S=C+I, explain how the economy can be thrown out of equilibrium.

Yeah, that's a logical progression from known to unknown. Damn, did this guy even take any Instructional Systems Development classes?