PreparED Study Materials
ECON 1020: Principles of Economics: Microeconomics
School: University of Tennessee - Chattanooga
Number of Notes and Study Guides Available: 1
Notes
Videos
Theory of Liquidity Preference: Interest Rate Adjustment
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
Storm Effects on Factor Markets: Wages and Capital Renta
Want To Learn More? To watch the entire video and ALL of the videos in the series:
In the scenario presented, a ferocious storm causes damage to multiple factories, impacting the stock of capital. This, in turn, has consequences for factors in the market, affecting both wages and the rental price of capital.
Pros and Cons of Government-Created Monopolies
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the concept of government-created monopolies, which are entities granted exclusive rights, like licenses, patents, and copyrights. While they can promote innovation and efficiently operate in high-cost industries, they might also introduce inefficiencies and stifle competition. Weighing the pros and cons is essential.
Price Elasticity: Mid-Point Method & Its Practical Significance
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Grasp the essentials of price elasticity of demand through various calculation methods. Dive deep into the unique and consistent mid-point method, understanding its relevance in fluctuating markets. Learn its practical application in analyzing market dynamics.
Key Factors in Assessing International Trade Benefits
Want To Learn More? To watch the entire video and ALL of the videos in the series:
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.
"Economics Basics: Circular-Flow Diagram Explained
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the fundamental concept of the circular-flow diagram in economics, which simplifies the intricate interactions between households and firms. Includes examples illustrating how money, labor, and services flow between these economic actors.
Textbook Solutions (0)
Top Selling Study Tools
Macro week 7 notes (Economics)
ECON 1010
University of Tennessee - Chattanooga
7 pages | Summer 2015
Macro week 2 notes (Economics)
ECON 1010
University of Tennessee - Chattanooga
6 pages | Summer 2015
Macro week 9 notes (Economics)
ECON 1010
University of Tennessee - Chattanooga
4 pages | Summer 2015
Macro week 6 notes (Economics)
ECON 1010
University of Tennessee - Chattanooga
3 pages | Summer 2015
Macro week 4 notes (Economics)
ECON 1010
University of Tennessee - Chattanooga
1 pages | Summer 2015
Macro week 1 notes (Economics)
ECON 1010
University of Tennessee - Chattanooga
5 pages | Summer 2015