PreparED Study Materials

ECON 810: ECON 810

School: Kansas

Number of Notes and Study Guides Available: 1

Notes

Videos

Opportunity Cost Explained: Weighing Choices in Business Decisions
Stars

Want To Learn More? To watch the entire video and ALL of the videos in the series:

Add to cart

Discover the principle of opportunity cost, distinguishing between explicit and implicit costs. Using the example of Hanna's Pizzeria, grasp how business decisions weigh the costs of forgone alternatives. Learn how these costs influence financial and economic choices.

Comparing Four-firm Ratio & HHI: Assessing Market Concentration & Powe
Stars

Want To Learn More? To watch the entire video and ALL of the videos in the series:

Add to cart

Explore the differences between the Four-firm Concentration Ratio and the Herfindahl-Hirschman Index. Understand how they assess market concentration and dominance. Get insights into market power dynamics by comparing these two indices.

Unpacking Long-Run Growth: The Pivotal Role of Rising Productivity
Stars

Want To Learn More? To watch the entire video and ALL of the videos in the series:

Add to cart

Unravel the complexities of long-run economic growth and its driving factors. Discover why rising productivity stands out as the cornerstone of sustainable economic expansion. Understand the role of various elements in shaping a nation's economic trajectory.

Economic Resources Explained: The Pillars of Production in the Economy
Stars

Want To Learn More? To watch the entire video and ALL of the videos in the series:

Add to cart

Uncover the fundamental concept of economic resources and their pivotal roles. From land and labor to capital and entrepreneurship, grasp the intricacies that drive production. Experience an insightful look into the elements shaping our economic activities.

Pros and Cons of Government-Created Monopolies
Stars

Want To Learn More? To watch the entire video and ALL of the videos in the series:

Add to cart

Explore the concept of government-created monopolies, which are entities granted exclusive rights, like licenses, patents, and copyrights. While they can promote innovation and efficiently operate in high-cost industries, they might also introduce inefficiencies and stifle competition. Weighing the pros and cons is essential.

Scarcity: Balancing Infinite Wants with Limited Resources in Economics
Stars

Want To Learn More? To watch the entire video and ALL of the videos in the series:

Add to cart

Explore the fundamental concept of scarcity in economics. Understand the tension between our infinite desires and the finite resources we have. Grasp how scarcity influences our choices, necessitating trade-offs in everyday decisions.

Textbook Solutions (0)

Top Selling Study Tools

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back