PreparED Study Materials
CSR 10300: Introduction To Personal Finance
School: Purdue University
Number of Notes and Study Guides Available: 1
Notes
Videos
Decoding GDP per Capita & Labor Productivity: Economic Insight Explain
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
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.
Opportunity Cost Explained: Weighing Choices in Business Decisions
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the principle of opportunity cost, distinguishing between explicit and implicit costs. Using the example of Hanna's Pizzeria, grasp how business decisions weigh the costs of forgone alternatives. Learn how these costs influence financial and economic choices.
First Video In Our Three Part Series for Midterms
Intro to Economics: Understanding the Fundamentals of Spending
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore economics with a focus on scarcity, supply and demand, and elasticity. Gain practical insights into decision-making and economic principles that impact our world.
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.
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.