PreparED Study Materials
ECON 2010: Principles of Economics: Microeconomics
School: University of Utah
Number of Notes and Study Guides Available: 10
Notes
Study Guides
Videos
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.
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.
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.
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.
Balancing Investments: Opportunity Costs and Economic Returns Explaine
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Learn about the intricacies of opportunity cost and its broader implications. Delve into the balance between human and physical capital, understanding the risks of overinvestment. Grasp the Law of Diminishing Marginal Returns and its effects on national strategies.
Comparing Four-firm Ratio & HHI: Assessing Market Concentration & Powe
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the differences between the Four-firm Concentration Ratio and the Herfindahl-Hirschman Index. Understand how they assess market concentration and dominance. Get insights into market power dynamics by comparing these two indices.