Economics 151 Flashcards

Decks in this Class (10):

• Topic 2 Demand Supply And Market Equilib

  Topic 2 - Demand, Supply and Market Equilibrium

  Sample Cards:

  what is the definition of supply,

  what is the definition of quantity suppl,

  what is the law of supply
  16 Cards
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• Topic 3 Applications Of The Demand And S

  Topic 3 - Applications of the Demand and Supply: Positive Considerations

  Sample Cards:

  what is elasticity,

  define price elasticity of demand,

  how is price elasticity of demand calcul
  30 Cards
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• Topic 4 Applications Of The Demand And S

  Topic 4 - Applications of the Demand and Supply: Normative Considerations

  Sample Cards:

  what does the term welfare economics ref,

  what is consumer surplus used for,

  what is producer surplus used for
  31 Cards
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• Topic 5 Thinking Strategically

  Topic 5 - Thinking Strategically

  Sample Cards:

  what is game theory,

  what is a social dilemma,

  what is the tragedy of the commons
  13 Cards
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• Topic 6 Measuring A Nation S Income And

  Topic 6 - Measuring a Nation's Income and the Cost of Living

  Sample Cards:

  define macroeconomics,

  what is gdp,

  why does the gdp rely on the market valu
  33 Cards
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• Topic 7 Saving And Investment In A Close

  Topic 7 - Saving and Investment in a Closed Economy

  Sample Cards:

  true false financial institutions exist,

  what are the two groups of financial ins,

  how are savings calculated
  48 Cards
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• Topic 8 Nominal And Real Exchange Rates

  Topic 8 - Nominal and Real Exchange Rates

  Sample Cards:

  where does the demand for nz come from,

  where does the supply of nz come from,

  what is the nominal exchange rate
  18 Cards
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• Topic 9 Saving And Investment In An Open

  Topic 9 - Saving and Investment in an Open Economy

  Sample Cards:

  what are net exports nx,

  what is a trade deficit,

  what is a trade surplus
  12 Cards
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• Topic 10 Open Economy Macroeconomics

  Topic 10 - Open Economy Macroeconomics
  0 Cards
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• Topic 11 Money Aggregate Demand And Supp

  Topic 11 - Money, Aggregate Demand and Supply, Monetary and Fiscal Policy

  Sample Cards:

  true false money has multiple meanings,

  what is the definition of money,

  what are the three principal uses of mon
  66 Cards
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