PreparED Study Materials
ECON 2302: Principles of Microeconomics
School: University of Texas at Dallas
Number of Notes and Study Guides Available: 7
Notes
Study Guides
Videos
Urban Development: New Cities' Impact and Equilibrium
Want To Learn More? To watch the entire video and ALL of the videos in the series:
This video explores urban utility curves, workforce dynamics, and the impact of creating new cities on growth and equilibrium, with a focus on the utility of workers.
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.
Barter to Money: How Double-Coincidence of Wants Evolved Trade
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the historical barter system and its challenges, particularly the double-coincidence of wants. Witness how the need for simpler transactions led societies from direct barter to embracing mediums of exchange like money.
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.
Opportunity Cost Explained: Weighing Choices in Business Decisions
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the principle of opportunity cost, distinguishing between explicit and implicit costs. Using the example of Hanna's Pizzeria, grasp how business decisions weigh the costs of forgone alternatives. Learn how these costs influence financial and economic choices.
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.