This class was created by Brainscape user Tu Ngo. Visit their profile to learn more about the creator.

Decks in this class (27)

Week 1 lecture- 10 principles of economic
Graphs straight line horizontal a...,
Independent variable 2,
Dependent variable 3
44  cards
Week 1- Problem set
Productivity 1,
Market failure 2,
Efficiency 3
10  cards
Week 1- Thinking like an economist problem set
Production possibility frontier 1,
Factor of productions aka 2,
Ppf shows 3
12  cards
Week 2- Demand, Supply, and Market Equilibrium notes
Market 1,
Demand 2,
Law of demand 3
36  cards
Week 2- Market System and the Circular Flow notes
Command system social communism 1,
Market system capitalism 2,
Freedom of enterprise 3
17  cards
Week 2- Interdependence and the Gains from Trade
Sellers 1,
Comparative advantage 2,
Absolute advantage 3
5  cards
Week 2- Market Forces of Supply and Demand
There s no shortage of scarce res...,
In competitive market buyers and ...,
Charge more 3
15  cards
Week 3- Supply, Demand, and Gov't policy lectures
Demand side market failures 1,
Supply side market failures 2,
Consumer surplus 3
39  cards
Labor and Financial Markets
Economy at equilibrium 1,
In financial capital market 2,
Price elasticity 3
12  cards
Week 3- Mises institute
Price control 1,
Gov t effort to raise money 2,
Sales tax 3
6  cards
Week 3- Consumers, Producers, and the Efficiency of Market Problem Set
Efficiency 1,
Welfare economics 2,
Consumer surplus 3
12  cards
Week 3- Problem set
When payroll tax enacted 1,
Rent control help 2,
Rent control dictates 3
13  cards
Week 4- chapter 7 notes
Calculate total profit 1,
Total revenue 2,
Explicit costs 3
18  cards
Week 4- Cost of Living problem set
When box office receipts are not ...,
Gdp deflator reflects current lev...,
Consumer price index reflects pri...
15  cards
Week 4- Economic growth lecture
Measuring economic growth by incr...,
Real gdp per capita___ 2,
Arithmetic growth find the approx...
5  cards
Week 4- International Trade Problem Set
When a country takes a unilateral...,
Problem w the protection as a bar...,
Quota___ 3
12  cards
Week 4- Measuring Domestic Output and National Income lecture
National income accounting lookin...,
Bureau of economic analysis gathe...,
Gross domestic product measures___ 3
32  cards
Week 4- Measuring nation's income problem set
Inflation when economy s overall ...,
Inclusion in the investment compo...,
Real gdp includes___ 3
21  cards
Week 4- Chapter 20 Protectionism textbook
Protectionism means___ 1,
Tariff are___ 2,
Import quotas are numerical limit...
11  cards
Week 5- Business Cycle, Unemployment, and Inflation
Capital goods and consumer durabl...,
2 problems arise from business cy...,
Unemployment rate 3
17  cards
Week 5- Monopoly textbook
Monopoly definition___ 1,
Barriers to entry___ 2,
Natural monopoly___ 3
11  cards
Poverty and Economic Equality
Poverty are number of people who_...,
Income inequality compares the sh...,
Poverty rate___ 3
12  cards
Week 5- Union, Immigration lesson
Labor union is an org that___ 1,
Collective bargaining required em...,
Affirmative action give special r...
4  cards
Week 5- Monetary growth and inflation problem set
Printing money to finance gov t e...,
As inflation falls people make___ 2,
Inflation measured by___ 3
15  cards
Week 5- Monetary system problem set
Ben bernanke appointed___ 1,
Federal reserve responsible for___ 2,
What do you call a common functio...
27  cards
Week 5- Perfect Competition
Perfectly competitive firm known ...,
Profit 2,
Marginal revenue 3
13  cards
Week 5- Unemployment problem set
In 2009 economists at congression...,
Report on unemployment rate shoul...,
Frictional unemployment changes 3
16  cards

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Eco 201

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