The International System: Introduction
⭐️ Bipolart system: Two superpowers ⭐️ BRIC–countries: Brazil, Russia, India and China. There are great powers that are probably going to...
The Middle Ages: Introduction
Feudal Society After the Roman Empire had fallen there was only a primitive farming culture left. The manors and their villages became...
1.1 Real Numbers
1.1.1 The Number Line ⭐️ ℕ = Natural numbers ⭐️ ℚ = Rational numbers ⭐️ ℝ = Real numbers ⭐️ ℤ = Integers We can illustrate the real...
Environmental Economics: Introduction
What is the greenhouse effect? The greenhouse effect is when short wave rays from the sun that enters the atmosphere enter the atmosphere...
Gross Domestic Product
Importances: Terms: ⭐️ Constant prices: Adjusts GDP for changes in inflation. ⭐️ Current prices: Measures GDP using the current price...
Welfare Models
Gøsta Esping Andersen's three welfare models 1) The universal model (or the Scandinavian model) How much redistribution? A lot. Who gets...
Redistribution of incomes
Ways of redistributing income There are three ways of redistribution income: Progressive taxation, i.e. the higher income you have the...
Tax System and Tax Burden
Importances Terms ⭐ Average rate of taxation = (total amount of paid tax) / (GDP) * 100 ⭐ Horizontal redistribution from one citizen to...
Verbs (introduction)
Verbs There are three types of verbs: Verbs that end with: - ar - er - ir Each kind of verb is conjugated differently – they get a...
The big and the small economy
Importances Terms ⭐️ Assets are properties than can be sold, e.g. cars and shares. ⭐️ Boom is economic growth ⭐️ Gross Domestic Product...