BAHASA INGGRIS NIAGA - 01


DAFTAR ISI

TINJAUAN MATA KULIAH
MODULE 1 : ECONOMIC TERMS FROM A TO B
MODULE 2 : ECONOMIC TERMS FROM C TO D
MODULE 3 : ECONOMIC TERMS FROM E TO F
MODULE 4 : ECONOMIC TERMS FROM G TO I
MODULE 5 : ECONOMIC TERMS FROM L TO N
MODULE 6 : ECONOMIC TERMS FROM O TO R


MODULE 1
ECONOMIC TERMS FROM A TO B
PENDAHULUAN

APA YANG DIMAKSUD DENGAN ECONOMIC TERMS ?

Economic Terms adalah istilah ekonomi yang dipakai dalam bidang ekonomi. Istilah yang berupa kata atau frasa itu dapat memiliki arti yang berbeda dari arti yang dikenal secara umum karena merujuk pada suatu kekhususan.
Dengan kata lain, istilah ekonomi tidak dapat diartikan secara harfiah, penelusuran kamus istilah, ensiklopedia, atau artikel yang berkaitan dengan bidang itu sangat dianjurkan.

LEARNING ACTIVITY  1
ECONOMIC TERMS STARTED WITH A

A. ADAPTIVE EXPECTATIONS

In economics, adaptive expectations means that people form their expectations about what will happen in the future based on what has happened in the past. For example, if inflation has been higher then expected in the past, people would revise expectations for the future.

A theory of how people form their views about the future that assumes they do so using past trends and the errors in their own earlier predistions Contrast with rational expectations.

B. ADVERSE SELECTION

This can be defined as :
1. the tendency of those in dangerous jobs or high risk lifestyles to get life insurance
2. a situation where sellers have information that buyers don't (or vice versa) about some aspect of product quality.

When you do business with people you would be better of avoiding. this is one of two main sorts of market failure often associated with insurance. The other is moral hazard. Adverse selection can be a problem when there is asymmetric information between the seller of insurance and the buyer; in particular, insurance will opten not be profitable when buyers have better information about their risk of claiming than does the seller. Ideally, insurance premiums should be set according to the risk of a randomly selected person in the insured slice of the population (55-year-old male smokers, say)