The Household

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Course Goals:

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Understand terms like “Disposable Income”, “Expenditure”, “Negative Savings” and “Consumption”.
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Measure the level of income inequality in a country, as compared with other countries with the help of the Lorenz Curve and the Gini Index.
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Use the consumption curve to explain the division of disposable income between savings and consumption.
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Explain the various types of taxation.
Course average duration :
3 Hours
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Overview
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"Household" is another term for family. We use the term household when we discuss economic matters that affect families. Through this course, you will learn and understand various basic terms such as “Income”, “Expenditure” and “Consumption”. Included in this course are detailed explanations concerning the various types of taxation. In order to gain a sense of what household means, this course will present numerous examples and will examine various scenarios using easy to understand explanations and illustrations.

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