Essential Economics Module D217 Overview

Periods of significant economic downturn characterized by factors such as reduced production, high unemployment, and decreased trade and investment.

A global health crisis that significantly impacted global economies through lockdowns and business closures.

A major worldwide economic crisis triggered by a severe credit crunch that resulted in enormous economic losses and widespread business failures.

Significant disparity in wealth and income distribution between different groups of people in a society, nation, or globally.

The total amount of borrowing by governments (public) and individuals or businesses (private).

A period of significant instability in energy markets that results from a variety of causes, often including geopolitical events and disruptions in supply chains

An environmental problem caused by greenhouse gas emissions, resulting in rising global temperatures and severe weather patterns.

The process of returning an economy to a period of growth and stability from a period of recession, crisis, or contraction.

The financial resources and expenditures of a government.

Actions taken by governments or other institutions to address and manage economic problems and crises.

Fundamental principles or beliefs that form the basis of economic thought or theory.

Individuals or groups actively engaged in the practice and study of economics.