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ECON 5311: Foundations in Economics

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

By: Lasandra Barksdale
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Decks in this class (11)

Chapter 1: Fundamentals
What is economics,
Microeconomics,
Macroeconomics
34  cards
Chapter 2: Institutions and the Marketplace
Market,
Specilization,
What do markets do
15  cards
Chapter 3: Demand
Demand,
Market,
Good
24  cards
Chapter 4: Supply
Law of supply,
Diminishing marginal productivity,
Supply schedule
15  cards
Chapter 5: Market Equilibrium and Policy
Equilibrium price,
Equilibrium quantity,
Shortage
16  cards
Chapter 6: Elasticity
Elasticity,
Price elasticity of demand e d,
Elastic demand
17  cards
Chapter 7: Measuring Output
Nominal gross domestic product gdp,
Intermediate goods,
Final goods and services
43  cards
Chapter 8: Business Cycles
The business cycle,
Expansion,
Peak
28  cards
Chapter 9: Money
Money,
Medium of exchange,
Unit of account
63  cards
Chapter 10: International Trade
Imports m,
Exports x,
Quota rent
24  cards
Chapter 11: International Finance
Exchange rate,
Foreign exchange market,
Domestic currency
24  cards

More about
ECON 5311: Foundations in Economics

  • Class purpose General learning

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