PreparED Study Materials
Notes
Videos
Demystifying Assumptions: Economists' Key to Decoding Complex Markets
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the pivotal role of assumptions in economics as we navigate the challenges of studying intricate market behaviors and human actions. Unveil how these simplifications foster comprehensive economic analyses and predictions.
Real GDP Unpacked: Scenarios Decoding Economic Performance & Impact
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Grasp the essence of Real GDP, a pivotal tool to gauge an economy's true performance. Through relatable scenarios, understand how production, inflation, and external events influence this economic measure. Economics, as showcased, is integral in deciphering our global landscape.
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.
How Unexpected Inflation Impacts Creditors, Debtors, & Business Operat
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Unexpected inflation can shift wealth between lenders and borrowers. This phenomenon affects the real value of money repaid, disadvantaging the creditors. Additionally, businesses face operational expenses like menu costs during inflation adjustments.
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.
Lags in Monetary and Fiscal Policy Impact on Aggregate Demand
Want To Learn More? To watch the entire video and ALL of the videos in the series:
This video explores the causes of lags in the impact of monetary and fiscal policy on aggregate demand, drawing analogies to recognizing seasonal changes, adjusting cooking temperatures, and waiting for planted seeds to grow, and discusses the implications of these lags for the debate between active and passive economic policy approaches.