PreparED Study Materials
ECON 103: ECON 103
School: University of Nevada - Las Vegas
Number of Notes and Study Guides Available: 3
Notes
Videos
Storm Effects on Factor Markets: Wages and Capital Renta
Want To Learn More? To watch the entire video and ALL of the videos in the series:
In the scenario presented, a ferocious storm causes damage to multiple factories, impacting the stock of capital. This, in turn, has consequences for factors in the market, affecting both wages and the rental price of capital.
Micro vs. Macro: Unraveling the Twin Pillars of Economic Study Explain
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Unpack the primary subdivisions of economics: Microeconomics, centered on individual economic agents, and Macroeconomics, which looks at broader economic trends. Understand the core differences and inherent connections between these two fields. Explore real-world examples to comprehend their implications.
Real GDP Unpacked: Scenarios Decoding Economic Performance & Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Grasp the essence of Real GDP, a pivotal tool to gauge an economy's true performance. Through relatable scenarios, understand how production, inflation, and external events influence this economic measure. Economics, as showcased, is integral in deciphering our global landscape.
Pros and Cons of Government-Created Monopolies
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
Economic Resources Explained: The Pillars of Production in the Economy
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
Unpacking Long-Run Growth: The Pivotal Role of Rising Productivity
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
Textbook Solutions (0)
Top Selling Study Tools
Econ 102, week three notes (Economics)
ECON 102
University of Nevada - Las Vegas
6 pages | Fall 2018