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Harvard Econ

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

By: Jessica Gebhard
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Decks in this class (15)

Ch 1 Thinking Like An Economist
Normative economic principle 1,
Average benefit 2,
Marginal cost 3
13  cards
Ch 2 Comparative Advantage
Absolute advantage 1,
Unattainable point 2,
Comparative advantage 3
8  cards
Ch 3 Supply and Demand
Seller s surplus 1,
Economic efficiency 2,
Equilibrium 3
29  cards
Ch 4 Spending, Income, and GDP
Gross domestic product gdp 1,
Final goods or services 2,
Intermediate goods or services 3
11  cards
Ch 5 Inflation and the Price Level
Consumer price index cpi 1,
Price index 2,
Deflation 3
15  cards
Ch 6 Wages and Unemployment
Diminishing returns to labor 1,
Worker mobility 2,
Skill0biased technological change 3
11  cards
Ch 7 Economic Growth
Compound interest 1,
Average labor productivity 2,
Human capital 3
5  cards
Ch 8 Saving, Capital Formation, and Financial Markets
Flow 1,
Stock 2,
Capital gains 3
14  cards
Ch 9 Money, Prices, and the Financial System
Financial intermediaries 1,
Bond 2,
Principal amount 3
29  cards
Ch 10 Short- Term Economic Fluctuations
Business cycles 1,
Recession or contraction 2,
Depression 3
12  cards
Ch 11 Spending, Output, and Fiscal Policy
Menu costs 1,
Planned aggregate expenditure pae 2,
Consumption function 3
16  cards
Ch 12 Monetary Policy and the Federal Reserve
Board of governors 1,
Federal open market committee fomc 2,
Banking panic 3
10  cards
Ch 13 Aggregate Demand, Aggregate Supply, and Business Cycles
Long run equilibrium 1,
Short run equilibrium 2,
Aggregate demand ad curve 3
10  cards
Ch 14 Macroeconomic Policy
Accommodating policy 1,
Anchored inflationary expectations 2,
Credibility of monetary policy 3
10  cards
Ch 15 Exchange Rates, International Trade, and Capital Flows
Nominal exchange rate 1,
Appreciation 2,
Depreciation 3
17  cards

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Harvard Econ

  • Class purpose General learning

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