PreparED Study Materials
ECON 11: Introduction to Microeconomics
School: Fairfield University
Number of Notes and Study Guides Available: 2
Notes
Videos
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.
Frictional Unemployment: Role & Reducing its Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the dynamics of frictional unemployment in a constantly changing economy. Learn about government roles and strategies in mitigating its impacts. Understand how workforce transitions can be made smoother with informed interventions.
Trade-offs in Life: Balancing Time, Money, Jobs, and Personal Ties
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
5% Money Supply Boost: Impact on Aggregate Price & Inflation Explained
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Unravel the implications of a 5% money supply increase on the aggregate price level. Learn about the Federal Reserve's influence and the dynamics of demand, supply, and inflation. Grasp how changes in money supply can affect prices and economic balance.
Key Factors in Assessing International Trade Benefits
Want To Learn More? To watch the entire video and ALL of the videos in the series:
This video delves into the advantages of international trade, using the example of France's specialization in wine production, and explores different options while highlighting the concept of comparative advantage without revealing the ultimate answer.
Analyzing Trade Policies' Impact on Producers, Consumers, and Trade
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.