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

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Economics 210

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