PreparED Study Materials
ECON 202: Intermediate Macroeconomics
School: Rhodes College
Number of Notes and Study Guides Available: 5
Notes
Study Guides
Videos
"Economics Basics: Circular-Flow Diagram Explained
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the fundamental concept of the circular-flow diagram in economics, which simplifies the intricate interactions between households and firms. Includes examples illustrating how money, labor, and services flow between these economic actors.
First Video In Our Three Part Series for Midterms
Intro to Economics: Understanding the Fundamentals of Spending
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore economics with a focus on scarcity, supply and demand, and elasticity. Gain practical insights into decision-making and economic principles that impact our world.
Pros and Cons of Government-Created Monopolies
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the concept of government-created monopolies, which are entities granted exclusive rights, like licenses, patents, and copyrights. While they can promote innovation and efficiently operate in high-cost industries, they might also introduce inefficiencies and stifle competition. Weighing the pros and cons is essential.
Elasticity & Trade: How Demand Shapes Economic Gains for Nations
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore how elasticity of demand impacts gains from trade in economies. Understand the relationship between demand elasticity and benefits for consumers and producers. Debunk misconceptions about inelastic demand and trade gains.
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.