PreparED Study Materials
ECON 101: Microeconomics
School: The College of William & Mary
Number of Notes and Study Guides Available: 14
Notes
Econ 101-02 week 14 apr 23-27 (Economics)
ECON 101
The College of William & Mary
6 pages | Fall 2016
Econ 101-02 week 13 apr 16-20 (Economics)
ECON 101
The College of William & Mary
6 pages | Fall 2016
Econ 101-02 week 10 mar 26-30 (Economics)
ECON 101
The College of William & Mary
7 pages | Fall 2016
Study Guides
Videos
Key Factors in Assessing International Trade Benefits
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This video delves into the advantages of international trade, using the example of France's specialization in wine production, and explores different options while highlighting the concept of comparative advantage without revealing the ultimate answer.
Elasticity & Trade: How Demand Shapes Economic Gains for Nations
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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.
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.
Profit-Maximizing in Competitive Markets: Unraveling P=MC & Its Impact
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Discover the power of the profit-maximizing rule in perfectly competitive markets. Unearth how setting price equal to marginal cost optimizes consumer and producer benefits. Grasp the significance of this rule for societal resource utilization.
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.
Monopolies & Price Discrimination: Myths, Truths & Insights
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Explore the intricacies of monopolies and price discrimination in the market. Unpack myths and truths about consumer behavior and pricing strategies. Real-life examples illuminate these fundamental economic concepts.