PreparED Study Materials
ECON 105: Macroeconomics
School: University of New Mexico
Number of Notes and Study Guides Available: 15
Notes
Notes from sept 21- october 5 (Engineering)
ECON 105
University of New Mexico
51 pages | Summer 2015
Macroeconomic notes (week 1-3) (Engineering)
ECON 105
University of New Mexico
5 pages | Summer 2015
Study Guides
Videos
Positive vs. Normative Economics: Decoding Economic Statements Explain
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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.
Demystifying Assumptions: Economists' Key to Decoding Complex Markets
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Discover the pivotal role of assumptions in economics as we navigate the challenges of studying intricate market behaviors and human actions. Unveil how these simplifications foster comprehensive economic analyses and predictions.
Theory of Liquidity Preference: Interest Rate Adjustment
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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.
Opportunity Cost Explained: Weighing Choices in Business Decisions
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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.
Ceteris Paribus: Simplifying Complex Economic Analyses & Predictions
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Discover the role of "ceteris paribus" in economics, a foundational assumption simplifying analyses. Understand its application in variable isolation, policy analysis, and model building. Gain insights into how economists use this tool for clarity in complex scenarios.
Economic Resources Explained: The Pillars of Production in the Economy
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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.
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Notes from sept 21- october 5 (Engineering)
ECON 105
University of New Mexico
51 pages | Summer 2015