PreparED Study Materials

ECON 1102: Principles of Macroeconomics

School: University of Minnesota

Number of Notes and Study Guides Available: 6

Notes

Study Guides

Videos

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.

Shoeleather Costs: The Hidden Economics of Everyday Banking Activities
Stars

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

Add to cart

Understand the economic implications of "cost" and its relevance in daily decision-making. Learn about shoeleather costs, including its tangible and intangible components. Grasp how different scenarios impact these costs and ways to optimize them.

Elasticity & Trade: How Demand Shapes Economic Gains for Nations
Stars

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

Add to cart

Explore how elasticity of demand impacts gains from trade in economies. Understand the relationship between demand elasticity and benefits for consumers and producers. Debunk misconceptions about inelastic demand and trade gains.

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.

Profit-Maximizing in Competitive Markets: Unraveling P=MC & Its Impact
Stars

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

Add to cart

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.

Micro vs. Macro: Unraveling the Twin Pillars of Economic Study Explain
Stars

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

Add to cart

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.

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