PreparED Study Materials

ECO 101: Macroeconomics

School: Illinois State University

Number of Notes and Study Guides Available: 1

Notes

Videos

How Unexpected Inflation Impacts Creditors, Debtors, & Business Operat
Stars

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

Add to cart

Unexpected inflation can shift wealth between lenders and borrowers. This phenomenon affects the real value of money repaid, disadvantaging the creditors. Additionally, businesses face operational expenses like menu costs during inflation adjustments.

Explaining Economic Logic of Purchasing-Power Parity
Stars

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

Add to cart

This video explains the theory of Purchasing Power Parity (PPP) in economics, emphasizing how it relies on the "law of one price" and illustrating how exchange rates should adjust to equalize purchasing power between nations in the long run. It also demonstrates how price disparities for products like iPhones can lead to currency exchange rate adjustments and eventually equalized prices.

Barter to Money: How Double-Coincidence of Wants Evolved Trade
Stars

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

Add to cart

Explore the historical barter system and its challenges, particularly the double-coincidence of wants. Witness how the need for simpler transactions led societies from direct barter to embracing mediums of exchange like money.

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.

Demystifying Assumptions: Economists' Key to Decoding Complex Markets
Stars

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

Add to cart

Discover the pivotal role of assumptions in economics as we navigate the challenges of studying intricate market behaviors and human actions. Unveil how these simplifications foster comprehensive economic analyses and predictions.

Price Elasticity: Mid-Point Method & Its Practical Significance
Stars

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

Add to cart

Grasp the essentials of price elasticity of demand through various calculation methods. Dive deep into the unique and consistent mid-point method, understanding its relevance in fluctuating markets. Learn its practical application in analyzing market dynamics.

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