PreparED Study Materials
ECON 150: ECON Principles & Problems Micro
School: Brigham Young University - Idaho
Number of Notes and Study Guides Available: 5
Notes
Economics 150: chapter 1 (Economics)
ECON 150
Brigham Young University - Idaho
4 pages | Spring 2016
Economics 150: chapter 4 (Economics)
ECON 150
Brigham Young University - Idaho
8 pages | Spring 2016
Economics 150: chapter 2 (Economics)
ECON 150
Brigham Young University - Idaho
6 pages | Spring 2016
Economics 150: chapter 3 (Economics)
ECON 150
Brigham Young University - Idaho
4 pages | Spring 2016
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.
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.
Scarcity: Balancing Infinite Wants with Limited Resources in Economics
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Explore the fundamental concept of scarcity in economics. Understand the tension between our infinite desires and the finite resources we have. Grasp how scarcity influences our choices, necessitating trade-offs in everyday decisions.
Market Economy Pros & Cons: Balancing Benefits with Shortcomings.
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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.
Economists' Diverse Views: Advising Policymakers with Perspective
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Explore the multifaceted role of economists in society, their interpretation of complex economic data, and how they provide guidance to decision-makers. Discover why economists may offer conflicting advice due to varying economic theories, data interpretation, personal values, and political ideologies.
Micro vs. Macro: Unraveling the Twin Pillars of Economic Study Explain
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Unpack the primary subdivisions of economics: Microeconomics, centered on individual economic agents, and Macroeconomics, which looks at broader economic trends. Understand the core differences and inherent connections between these two fields. Explore real-world examples to comprehend their implications.