PreparED Study Materials
ECON 201: ECON 201
School: California State Polytechnic University - Pomona
Number of Notes and Study Guides Available: 3
Notes
Study Guides
Videos
Frictional Unemployment: Role & Reducing its Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the dynamics of frictional unemployment in a constantly changing economy. Learn about government roles and strategies in mitigating its impacts. Understand how workforce transitions can be made smoother with informed interventions.
Balancing Investments: Opportunity Costs and Economic Returns Explaine
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Learn about the intricacies of opportunity cost and its broader implications. Delve into the balance between human and physical capital, understanding the risks of overinvestment. Grasp the Law of Diminishing Marginal Returns and its effects on national strategies.
Profit-Maximizing in Competitive Markets: Unraveling P=MC & Its Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the power of the profit-maximizing rule in perfectly competitive markets. Unearth how setting price equal to marginal cost optimizes consumer and producer benefits. Grasp the significance of this rule for societal resource utilization.
Market Economy Pros & Cons: Balancing Benefits with Shortcomings.
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the intricate workings of a market economy, highlighting its notable advantages such as efficiency and innovation, and addressing the critical challenges like income inequality and market failures. Understand the balance between market and non-market elements in global economic systems.
Theory of Liquidity Preference: Interest Rate Adjustment
Want To Learn More? To watch the entire video and ALL of the videos in the series:
In this video, we explore the theory of liquidity preference, which focuses on how an economy's interest rate adjusts to balance supply and demand for money. We evaluate a multiple-choice question and discuss each option's alignment with various economic theories without revealing the correct answer.
Lags in Monetary and Fiscal Policy Impact on Aggregate Demand
Want To Learn More? To watch the entire video and ALL of the videos in the series:
This video explores the causes of lags in the impact of monetary and fiscal policy on aggregate demand, drawing analogies to recognizing seasonal changes, adjusting cooking temperatures, and waiting for planted seeds to grow, and discusses the implications of these lags for the debate between active and passive economic policy approaches.