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ECON 3620: Module 1
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Key Concepts:
Terms in this set (11)
Simplify: (X^4)(x^3)
(x^7)
Simplify: (x^6) / (x^2)
(x^4) where x cannot equal 0
Simplify: (x^-4)
1/(x^4)
Simplify: (x^2)^3
(x^6)
Simplify: (x^4)(y^4)
(xy)^4
Define: Cardinality
Meaning your measure has a definitive number of items we can observe. Ex. Last lear, the economy grew 3%.
Define: Ordinality
A property of numbers, referring to the order given. The economy is greater last year, than it was the year prior.
Define: Endogenous
...
Define: Exogenous
...
Define: Behavioral equations
...
Define: Equilibrium conditions
...
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