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

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Harvard Econ

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