PreparED Study Materials
ECON 029: Money, Banking, and Financial Markets
School: Lehigh University
Number of Notes and Study Guides Available: 1
Notes
Videos
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.
Price Effect in Economics: Navigating Income & Substitution Dynamics
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Explore the nuances of the price effect in economics, focusing on the income and substitution effects. Understand through real-life scenarios how these phenomena influence consumer spending patterns. Gain insights into the intricate dynamics of consumer responses to price shifts.
Unpacking Long-Run Growth: The Pivotal Role of Rising Productivity
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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.
Scarcity: Balancing Infinite Wants with Limited Resources in Economics
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Explore the fundamental concept of scarcity in economics. Understand the tension between our infinite desires and the finite resources we have. Grasp how scarcity influences our choices, necessitating trade-offs in everyday decisions.
How Unexpected Inflation Impacts Creditors, Debtors, & Business Operat
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Unexpected inflation can shift wealth between lenders and borrowers. This phenomenon affects the real value of money repaid, disadvantaging the creditors. Additionally, businesses face operational expenses like menu costs during inflation adjustments.
Real GDP Unpacked: Scenarios Decoding Economic Performance & Impact
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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.