Notes including easy definitions, examples, and graphs on the following topics: Economics Concepts Scarcity Productive Efficiency Demand, Supply, and the Market System The Public Sector Gross Domestic Product GDP Gross National Product GNP Foreign Exchange The Business Cycle: Unemployment/Inflatio...
[Show more]
Full lesson including notes, simple definitions, examples, and graphs. Ch 1 • Definition of Economics • Positive Economics • Normative Economics • Economic Bad/Economic Good • Resources • Opportunity Cost • Free Good • Factors of Production • Renewable/Nonrenewable Reso...
Preview 1 out of 4 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 1 • Definition of Economics • Positive Economics • Normative Economics • Economic Bad/Economic Good • Resources • Opportunity Cost • Free Good • Factors of Production • Renewable/Nonrenewable Reso...
Full lesson including notes, simple definitions, examples, and graphs. Ch 2: • Economic Good • Opportunity Cost • Marginal-Benefit, -Cost, -Revenue • Supply Curve/Marginal Cost Curve • Demand Curve/Marginal Benefit Curve • Production Possibilities Frontier Curve (PPF/PPC) • L...
Preview 2 out of 5 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 2: • Economic Good • Opportunity Cost • Marginal-Benefit, -Cost, -Revenue • Supply Curve/Marginal Cost Curve • Demand Curve/Marginal Benefit Curve • Production Possibilities Frontier Curve (PPF/PPC) • L...
Full lesson including notes, simple definitions, examples, and graphs. Ch 3: Topics: • Market • Market Demand • Supply & Demand • Law of Demand • Changes in Demand/Quantity Demanded • Determinants of Demand • Law of Supply • Changes in Supply • Determinants of Supply ...
Preview 2 out of 8 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 3: Topics: • Market • Market Demand • Supply & Demand • Law of Demand • Changes in Demand/Quantity Demanded • Determinants of Demand • Law of Supply • Changes in Supply • Determinants of Supply ...
Full lesson including notes, simple definitions, examples, and graphs. Ch 4: Topics: Market Coordination 3 Fundamental Questions of Economies: What? How? For Whom? Market Economy The Invisible Hand of Competition/Market The Private Sector Circular Flow: Income & Expenditure Aggregate Dem...
Preview 1 out of 4 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 4: Topics: Market Coordination 3 Fundamental Questions of Economies: What? How? For Whom? Market Economy The Invisible Hand of Competition/Market The Private Sector Circular Flow: Income & Expenditure Aggregate Dem...
Full lesson including notes, simple definitions, examples, and graphs. Ch 5: Topics: Government in Circular Flow Technical Efficiency Economic Efficiency Types of Efficiency Market Failure Pareto Efficiency Micro/Macroeconomic Policy Budget Surplus/Deficit
Preview 2 out of 7 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 5: Topics: Government in Circular Flow Technical Efficiency Economic Efficiency Types of Efficiency Market Failure Pareto Efficiency Micro/Macroeconomic Policy Budget Surplus/Deficit
Full lesson including notes, simple definitions, examples, and graphs. Ch 6: Topics: Gross Domestic Product (GDP) Market Value Calculating GDP Gross Domestic Product (GDP) vs. Gross National Product (GNP) Real vs. Nominal GDP Consumer Price Index (CPI)
Preview 2 out of 6 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 6: Topics: Gross Domestic Product (GDP) Market Value Calculating GDP Gross Domestic Product (GDP) vs. Gross National Product (GNP) Real vs. Nominal GDP Consumer Price Index (CPI)
Full lesson including notes, simple definitions, examples, and graphs. Ch 7: Topics: Foreign Exchange Market Exchange Rate Currency Appreciation/Depreciation Types of Foreign Exchange Balance of Payments: Current Account, Financial Account, Capital Account
Preview 2 out of 7 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 7: Topics: Foreign Exchange Market Exchange Rate Currency Appreciation/Depreciation Types of Foreign Exchange Balance of Payments: Current Account, Financial Account, Capital Account
Full lesson including notes, simple definitions, examples, and graphs. Ch 8: Topics: Business Cycle Stages of Business Cycle Labor Force Unemployment Types of Unemployment Costs of Unemployment Inflation Costs of Inflation Types of Inflation
Preview 1 out of 4 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 8: Topics: Business Cycle Stages of Business Cycle Labor Force Unemployment Types of Unemployment Costs of Unemployment Inflation Costs of Inflation Types of Inflation
Full lesson including notes, simple definitions, examples, and graphs. Ch 9 Topics: Fiscal & Monetary Policy Government Objectives Contractionary Policy Central Bank Taxation: Direct & Indirect Tax Structures Philips Curve Demand-Pull Inflation
Preview 2 out of 9 pages
Add to cartFull lesson including notes, simple definitions, examples, and graphs. Ch 9 Topics: Fiscal & Monetary Policy Government Objectives Contractionary Policy Central Bank Taxation: Direct & Indirect Tax Structures Philips Curve Demand-Pull Inflation
Book Title:
Author(s):
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller BizNotesSupplies2021. Stuvia facilitates payment to the seller.
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now