PreparED Study Materials
ECON 301: Intermediate Microeconomic Theory
School: University of Wisconsin - Madison
Number of Notes and Study Guides Available: 1
Notes
Videos
Positive vs. Normative Economics: Decoding Economic Statements Explain
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Distinguish between positive and normative economic statements with real-world examples. Grasp the difference between objective explanations and value judgments in economics. Master the foundations of economic thought and their application.
Price Elasticity: Mid-Point Method & Its Practical Significance
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
Real GDP Unpacked: Scenarios Decoding Economic Performance & Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Grasp the essence of Real GDP, a pivotal tool to gauge an economy's true performance. Through relatable scenarios, understand how production, inflation, and external events influence this economic measure. Economics, as showcased, is integral in deciphering our global landscape.
Theory of Liquidity Preference: Interest Rate Adjustment
Want To Learn More? To watch the entire video and ALL of the videos in the series:
In this video, we explore the theory of liquidity preference, which focuses on how an economy's interest rate adjusts to balance supply and demand for money. We evaluate a multiple-choice question and discuss each option's alignment with various economic theories without revealing the correct answer.
Unpacking Long-Run Growth: The Pivotal Role of Rising Productivity
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Unravel the complexities of long-run economic growth and its driving factors. Discover why rising productivity stands out as the cornerstone of sustainable economic expansion. Understand the role of various elements in shaping a nation's economic trajectory.
Unraveling Economic Equations: From Price Level to Velocity of Money
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover how to calculate the price level and velocity of money using real-life data. Understand the relationship between money supply, GDP, and prices in the economy. Gain insights into the Federal Reserve's strategies for managing inflation and price stability.