New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Topic 1 Notes

by: Kirsten Notetaker

Topic 1 Notes

Marketplace > Lewis University > Business > > Topic 1 Notes
Kirsten Notetaker
Lewis University

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Notes covered in class and from the text
American Economy
Class Notes
25 ?




Popular in American Economy

Popular in Business

This 2 page Class Notes was uploaded by Kirsten Notetaker on Thursday February 4, 2016. The Class Notes belongs to at Lewis University taught by Hennebry in Fall 2015. Since its upload, it has received 45 views. For similar materials see American Economy in Business at Lewis University.


Reviews for Topic 1 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/04/16
American Economy: T opic 1  The American economy is like a giant aircraft carrier o Goals:  Price stability  More equitable distribution of income  Economic freedom  Economic security  Full employment and full production  Economic growth  Theories have assumptions, deductions, and conclusions  Definitions: o Economics – the study of man’s behavior in producing, consuming, and exchanging goods and services o Inductive reasoning – concept of reasoning from facts to theory, from the particular to the general. An accumulation of facts is arranged systematically and analyzed to derive the underlying principle o Deductive reasoning – requires the creation of generalizations through deduction. Persons draw on casual observation, insight, logic, or intuition to frame a tentative, untested principle called a hypothesis o Economic theory – a series of generalizations aimed at predicting man’s economic behavior at some instant in time. It is composed of assumptions, deductions, and conclusions  Three ways to change a theory:  Hold everything else constant (Et ceteris Paribus) and drop and assumption  Hold everything else constant and add an assumption  Hold everything else constant and add and drop an assumption  Lists ?  Theories ? 2


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Kyle Maynard Purdue

"When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the I made $280 on my first study guide!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.