PreparED Study Materials
ECON 41: Probability and Statistics for Economists
School: University of California - Los Angeles
Number of Notes and Study Guides Available: 1
Notes
Videos
5% Money Supply Boost: Impact on Aggregate Price & Inflation Explained
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Unravel the implications of a 5% money supply increase on the aggregate price level. Learn about the Federal Reserve's influence and the dynamics of demand, supply, and inflation. Grasp how changes in money supply can affect prices and economic balance.
Deciphering Economic Gears: Calculating Private Investment
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Discover the intricate components of an economy, including savings, budgets, and trade balances. Learn how these elements interconnect and influence private investment. Understand an economic identity that determines an economy's investment levels.
Explaining Economic Logic of Purchasing-Power Parity
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This video explains the theory of Purchasing Power Parity (PPP) in economics, emphasizing how it relies on the "law of one price" and illustrating how exchange rates should adjust to equalize purchasing power between nations in the long run. It also demonstrates how price disparities for products like iPhones can lead to currency exchange rate adjustments and eventually equalized prices.
Theory of Liquidity Preference: Interest Rate Adjustment
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In this video, we explore the theory of liquidity preference, which focuses on how an economy's interest rate adjusts to balance supply and demand for money. We evaluate a multiple-choice question and discuss each option's alignment with various economic theories without revealing the correct answer.
Unraveling Economic Equations: From Price Level to Velocity of Money
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Discover how to calculate the price level and velocity of money using real-life data. Understand the relationship between money supply, GDP, and prices in the economy. Gain insights into the Federal Reserve's strategies for managing inflation and price stability.
Positive vs. Normative Economics: Decoding Economic Statements Explain
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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.
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Econ 11- week 3 notes (Economics)
ECON 11
University of California - Los Angeles
2 pages | Fall 2015