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Economics 210

This class was created by Brainscape user Christina Doerr. Visit their profile to learn more about the creator.

By: Christina Doerr
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Decks in this class (13)

Chapter 1 - Scarcity And Economic Cost
What is scarcity,
What are two common rules in mark...,
What is a command economy
11  cards
Chapter 5
What happens when supply and dema...,
What is allocation efficiency,
What is consumer surplus
4  cards
Chapter 2 - Gains to Specialization and Exchange
What are the resources used to pr...,
What is absolute advantage,
What is comparative advantage
9  cards
Chapter 3 - Demand
What is demand,
What is the law of demand,
What are the three axioms of cons...
16  cards
Chapter 4 - Supply
What is the goal of a firm,
What is the economic cost equation,
What is the difference between ac...
17  cards
Chapter 6 Price Controls
What is a price ceiling,
What is a price floor,
When is there a shortage
4  cards
Chapter 7A Elasticity
Price elasticity of demand equation,
Ranges of elasticity,
How to calculate percentage change
6  cards
Chapter 7B Taxation and Resource Allocation
Excise tax,
Tax wedge,
Result of taxes to consumers supp...
9  cards
Chapter 13 An Introduction to Macroeconomics
What are the markets of macroecon...,
What is general equilibrium analysis,
What is partial equilibrium analysis
7  cards
Chapter 14A Measuring the Performance of the Economy
Gross domestic product,
Gross national product,
Consumption
10  cards
Chapter 14B Inflation and Unemployment
Consumer price index,
Inflation,
Biases in cpi
9  cards
Chapter 15 Financial Markets and Interest Rates
What is a bond,
What is maturity,
What is present value
13  cards
Chapter 16 Trade and Foreign Exchange Rate Determination
Why do countries trade,
What are terms of trade,
What is the real exchange rate
9  cards

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Economics 210

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