PreparED Study Materials
ECO 2023: Econ Princ (Microeconomics)
School: University of South Florida
Number of Notes and Study Guides Available: 2
Notes
Videos
Yen vs Dollar: Decoding Nominal vs Real Exchange Rates in Trade
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Grasp the distinction between nominal and real exchange rates, using the yen and dollar as examples. Learn how these rates influence purchasing power in different economies. Understand their implications in the global trade landscape.
Price Effect in Economics: Navigating Income & Substitution Dynamics
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
Real GDP Unpacked: Scenarios Decoding Economic Performance & Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
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.
Market Economy Pros & Cons: Balancing Benefits with Shortcomings.
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the intricate workings of a market economy, highlighting its notable advantages such as efficiency and innovation, and addressing the critical challenges like income inequality and market failures. Understand the balance between market and non-market elements in global economic systems.