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Economics by Mind Map: Economics

1. Microeconomics

1.1. Firms

1.1.1. QUESTION 1: With no competition, would markets become more stable or unstable? Would a stable or fluctuating market be better for a capitalist economy?

1.1.2. Competition

1.1.2.1. Monopolies

1.1.2.2. Anti-Trust

1.1.2.3. Business Cycle

1.1.3. Employment

1.1.3.1. Employee Insurance

1.1.3.1.1. Health Benefits

1.1.3.2. Wages

1.1.3.3. Economic Depressions

1.1.4. Profit

1.1.5. Production

1.1.5.1. Production Cost

1.1.6. QUESTION 2: How can a firm succeed if it produces more goods/services than it sells?

1.2. Households

1.2.1. Income

1.2.2. Expenses

1.2.3. Savings

1.3. Individuals

1.3.1. Poverty

2. Macroeconomics

2.1. Government

2.1.1. Unemployment

2.1.2. QUESTION 4: How does the federal government mitigate unemployment?

2.1.3. Welfare

2.1.4. Education

2.2. Supply & Demand

2.2.1. Goods & Services

2.3. Taxes

2.3.1. Import Taxes

2.3.2. Export Taxes

2.3.3. Tax on Goods/Services

2.4. Inflation

2.5. Finance

2.5.1. Trade

2.5.1.1. Hard Assets

2.5.1.1.1. Gold

2.5.1.1.2. Oil

2.5.1.2. Stocks

2.5.1.2.1. Stock Market Crash of 1929

2.5.2. Buying & Selling property & franchises

2.5.3. Income

2.5.3.1. Taxes

2.5.3.2. Bonds

2.5.4. Expenses

2.5.4.1. Defense

2.5.4.2. Health

2.5.4.3. Education

2.5.4.4. Welfare

2.5.5. GDP

2.5.6. Banks

2.5.7. Agriculture

2.6. QUESTION 3: What are the education requirements needed to work in the Finance field?

2.7. Business Cycle

2.7.1. Expansion

2.7.2. Recession

2.7.3. Depression

2.7.3.1. Great Depression

3. Factors of Production

3.1. Land

3.1.1. Building space

3.1.2. Farm Land

3.2. Labor

3.2.1. Work Force

3.2.1.1. Employees

3.3. Captial

3.3.1. Income

3.3.1.1. Profit

3.3.1.2. Investors

3.3.2. Expenses

3.3.2.1. Wages

3.3.2.2. Investments

3.3.2.3. Lawsuits

3.4. Entrepreneurship

3.4.1. 'Selling an Idea'

3.4.2. Mergers & Acquisitions

3.4.3. Trading Goods & Services

4. This concept map will show some details and topics associated with the field of Economics and some of the challenges faced with it. Topics with questions associated with them will be highlighted in yellow.