PreparED Study Materials

ECON 310: Microeconomic Theory

School:

Number of Notes and Study Guides Available: 15

Notes

Study Guides

Videos

Decoding GDP per Capita & Labor Productivity: Economic Insight Explain
Stars

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

Add to cart

Unpack the significance of GDP per Capita and Labor Productivity in economics. Learn how these indicators reflect a country's living standards and labor efficiency. Grasp the relationship between these metrics and the broader economic landscape.

Ceteris Paribus: Simplifying Complex Economic Analyses & Predictions
Stars

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

Add to cart

Discover the role of "ceteris paribus" in economics, a foundational assumption simplifying analyses. Understand its application in variable isolation, policy analysis, and model building. Gain insights into how economists use this tool for clarity in complex scenarios.

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.

Price Effect in Economics: Navigating Income & Substitution Dynamics
Stars

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

Add to cart

Explore the nuances of the price effect in economics, focusing on the income and substitution effects. Understand through real-life scenarios how these phenomena influence consumer spending patterns. Gain insights into the intricate dynamics of consumer responses to price shifts.

"Economics Basics: Circular-Flow Diagram Explained
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 the circular-flow diagram in economics, which simplifies the intricate interactions between households and firms. Includes examples illustrating how money, labor, and services flow between these economic actors.

Analyzing Trade Policies' Impact on Producers, Consumers, and Trade
Stars

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

Add to cart

In this video, the concepts of tariffs and trade policies are explained, highlighting how tariffs affect the cost of imported goods and how trade policies control imports and exports. The video then examines four trade policy scenarios, emphasizing their impact on producers, consumers, and trade, ultimately identifying the correct answer as option c, which fulfills all the specified conditions.

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