PreparED Study Materials
ECON 1020: Intro to Macroeconomics
School: Tulane University
Number of Notes and Study Guides Available: 21
Notes
Study Guides
Videos
Explaining Economic Logic of Purchasing-Power Parity
Want To Learn More? To watch the entire video and ALL of the videos in the series:
This video explains the theory of Purchasing Power Parity (PPP) in economics, emphasizing how it relies on the "law of one price" and illustrating how exchange rates should adjust to equalize purchasing power between nations in the long run. It also demonstrates how price disparities for products like iPhones can lead to currency exchange rate adjustments and eventually equalized prices.
Shoeleather Costs: The Hidden Economics of Everyday Banking Activities
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
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.
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.
Deciphering Economic Gears: Calculating Private Investment
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the intricate components of an economy, including savings, budgets, and trade balances. Learn how these elements interconnect and influence private investment. Understand an economic identity that determines an economy's investment levels.
Ceteris Paribus: Simplifying Complex Economic Analyses & Predictions
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.