PreparED Study Materials
ECO 361: International Trade
School: DePaul University
Number of Notes and Study Guides Available: 1
Notes
International trade notes and exam prep (Economics)
ECO 361
DePaul University
33 pages | Summer 2016
Videos
Price Elasticity: Mid-Point Method & Its Practical Significance
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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.
Trade-offs in Life: Balancing Time, Money, Jobs, and Personal Ties
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Explore the concept of trade-offs in daily life, from balancing work and leisure to managing savings and expenses. Unravel the intricacies of prioritizing professional ambitions against personal ties. Learn how recognizing these trade-offs can guide more informed life decisions.
Storm Effects on Factor Markets: Wages and Capital Renta
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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.
Shoeleather Costs: The Hidden Economics of Everyday Banking Activities
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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.
Lags in Monetary and Fiscal Policy Impact on Aggregate Demand
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This video explores the causes of lags in the impact of monetary and fiscal policy on aggregate demand, drawing analogies to recognizing seasonal changes, adjusting cooking temperatures, and waiting for planted seeds to grow, and discusses the implications of these lags for the debate between active and passive economic policy approaches.
Elasticity & Trade: How Demand Shapes Economic Gains for Nations
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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.