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Study sets matching "econ 100x"

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Study sets matching "econ 100x"

92 terms
WSS 100X
Violence against women (elements in Un…
gender violence
continuum of violence
femicide
any act of gender based violence that results in, or is likel…
Structured to harness cultural notion of feminimity, masc., p…
Street violence, sexual harassment, emotional/ verbal abuse,…
Homicide of women
Violence against women (elements in Un…
any act of gender based violence that results in, or is likel…
gender violence
Structured to harness cultural notion of feminimity, masc., p…
Political Science 100X UNL Unit 2
Public Opinion
Direction
Stability
Intensity
The sum of individual attitudes or beliefs about an issue or…
The idea of public opinion being other positive or negative (…
The likelihood of changes in the direction of public opinion.
How strongly people hold the beliefs or attitudes that compro…
Public Opinion
The sum of individual attitudes or beliefs about an issue or…
Direction
The idea of public opinion being other positive or negative (…
73 terms
History 100X - Exam 01
What situation prepared the way for Ot…
From the 1430s onward, the Medici fami…
Historians disagree about most aspects…
Which of the following was a significa…
Germany lacked a king to challenge the annexation
Florence
where it originated.
Unlike Europeans, the Ottomans were tolerant of religious div…
What situation prepared the way for Ot…
Germany lacked a king to challenge the annexation
From the 1430s onward, the Medici fami…
Florence
53 terms
History 100X - Unit 2 Renaissance & Exploration
What situation prepared the way for Ot…
From the 1430s onward, the Medici fami…
Historians disagree about most aspects…
Which of the following was a significa…
Germany lacked a king to challenge the annexation.
Florence
Where it originated.
Unlike Europeans, the Ottomans were tolerant of religious div…
What situation prepared the way for Ot…
Germany lacked a king to challenge the annexation.
From the 1430s onward, the Medici fami…
Florence
51 terms
Skya History 100x Final 2015
What was the overall aim of the United…
According to the postwar Constitution…
What is a Korean chaebol?
What were Park Chung Hee's main polici…
1. DEMILITARIZATION - disarmed army, war crime trials- purged…
Emperor was a Figurehead, a SYMBOL OF THE STATE. ... Article 9:…
Chaebol is:... When a group of business come together to make a…
1. State controlled banks... 2. Devalued currency... 3. Restric…
What was the overall aim of the United…
1. DEMILITARIZATION - disarmed army, war crime trials- purged…
According to the postwar Constitution…
Emperor was a Figurehead, a SYMBOL OF THE STATE. ... Article 9:…
50 terms
Skya History 100x Final spring 2015
Between 1945 and 1970, Europe not only…
Why did French president Charles de Ga…
In a nutshell, what were the forces dr…
What was the overall aim of the United…
Political and social reforms adopted the model of the welfare…
He thought it would be better for France to not be involved i…
They wanted there to be fewer wars, to have economic benefits…
1. Demilitarization - disarmed army, war crime trials- purged…
Between 1945 and 1970, Europe not only…
Political and social reforms adopted the model of the welfare…
Why did French president Charles de Ga…
He thought it would be better for France to not be involved i…
37 terms
economics
problems with CPI
The BLS has made technical adjustments…
contrasting the CPI and GDP deflator:…
Contrasting the CPI and GDP deflator:…
each of these problems causes the CPI to overstate the cost o…
the CPI probably still overstates inflation by about 0.5 perc…
included in CPI... excluded from GDP deflator
excluded from CPI... included in GDP deflator (if produced domes…
problems with CPI
each of these problems causes the CPI to overstate the cost o…
The BLS has made technical adjustments…
the CPI probably still overstates inflation by about 0.5 perc…
12 terms
ECON Equations
CPI Equation
Inflation Equation
Amount in todays dollar
Market value
100x Cost of basket in current year/ cost of basket in base y…
CPI this year- CPI last year/ CPI last year
amount in year t dollars x price level today/ price level t
quantity x price
CPI Equation
100x Cost of basket in current year/ cost of basket in base y…
Inflation Equation
CPI this year- CPI last year/ CPI last year
21 terms
Managerial Economics (Froeb) - Ch 5 Investment Decisions
Avoidable Costs
Break-even price
Consumer surplus
Contribution margin
Costs that you get back if you shut down operations
the price that you must charge to at least break even (make z…
the difference between the buyer's value (what he is willing…
the amount that one unit contributes to profit.... CM = SP per u…
Avoidable Costs
Costs that you get back if you shut down operations
Break-even price
the price that you must charge to at least break even (make z…
20 terms
Economics Chapter 28 Unemployment
Labor Force Statistics
The Labor Force
3 Groups of Labor
Employed
Produced by BLS, based on a monthly regular survey of 60,000…
The total number of workers, including the employed and unemp…
Employed, unemployed, not in the labor force
Paid employees, self-employed, and unpaid workers in a family…
Labor Force Statistics
Produced by BLS, based on a monthly regular survey of 60,000…
The Labor Force
The total number of workers, including the employed and unemp…
59 terms
Economics Chapter 4
Elasticity
What is Price elasticity of Demand?
what is the formula for the coefficien…
what is the percentage change formula?
Measures a variable's responsiveness to a change.... ( a percent…
Ratio of the % change in quantity demanded to a % change in p…
(% change in QD)/ (% change in Price)
100x (point2-point1) / (point 1)
Elasticity
Measures a variable's responsiveness to a change.... ( a percent…
What is Price elasticity of Demand?
Ratio of the % change in quantity demanded to a % change in p…
37 terms
Economics Chapter 4
Demand
Individuals
understand prices
As price increases
the desire, ability, and willingness to buy a product.
make up the demand curve, Consumers.
Demand is a tool that when combined with supply will help us.…
quantity demanded decreases.
Demand
the desire, ability, and willingness to buy a product.
Individuals
make up the demand curve, Consumers.
10 terms
equations
Production function
Income expenditure
Real Gdp
GDP Deflator
Y=AF(N,K)
y= C+I+G+NX
(new year $-base year $)/ base year$
100x (nominal gdp/real gdp)
Production function
Y=AF(N,K)
Income expenditure
y= C+I+G+NX
15 terms
Econ 2 chart. 24
The Consumer Price Index (CPI)
How the CPI is Calculated
how inflation rate is calculated
overstates increases
Measures the typical consumer's cost of living.... The basis of…
100x cost of basket current year/cost of basket base year
CPI this year-CPI last year/ CPI last year x 100
What's in the CPI's Basket?Over time, some prices rise faster…
The Consumer Price Index (CPI)
Measures the typical consumer's cost of living.... The basis of…
How the CPI is Calculated
100x cost of basket current year/cost of basket base year
26 terms
economics
what is GDP?
how do you calculate GDP
what is excluded for GDP
what is an intermediate good?
measuring total value of goods & services we produce in a year
GDP=total spending
sales from previous years &illegal sales
ingredients or components in the production of other goods.
what is GDP?
measuring total value of goods & services we produce in a year
how do you calculate GDP
GDP=total spending
22 terms
Econ 2 chapter 23
Gross Domestic Product (GDP)
Factors of production
Factor payments
Final goods
the market value of all final goods & services produced withi…
inputs like labor, land, capital, and natural resources
payments to the factors of production e.g., wages, rent
Intended for the end user
Gross Domestic Product (GDP)
the market value of all final goods & services produced withi…
Factors of production
inputs like labor, land, capital, and natural resources
141 terms
APES review guide
Define environmental science
Describe the story of easter island
Describe these individuals ... Henry Davi…
Describe developing countries. List ex…
Environmental Science is the interdisciplinary study of human…
The island started in prosperity. But eventually the prosperi…
Author, nature is a gift ... 26th president, environmentalists,…
a poor agricultural country that is seeking to become more ad…
Define environmental science
Environmental Science is the interdisciplinary study of human…
Describe the story of easter island
The island started in prosperity. But eventually the prosperi…
32 terms
Economics HL- Macroeconomics AD and AS
Macroeconomic short run
Macroeconomic long run
AD
Reasons for downward slope of AD
The time period in which the prices of final g n s change, bu…
The time period in which factor prices adjust/change to refle…
The total qty of output demanded at alternative prices lives…
1.Real-balance effect( higher prices mean lower purchasing po…
Macroeconomic short run
The time period in which the prices of final g n s change, bu…
Macroeconomic long run
The time period in which factor prices adjust/change to refle…
60 terms
SS201 - West Point - ECON
Equilibrium
Optimization
Optimization in Levels
Optimization in Differences
Agents simultaneously optimizing--nobody wants to change what…
Economics agents choosing the best feasible option given the…
Calculating TOTAL net benefit of different alternatives then…
Calculates the CHANGE in net benefits when a person switches…
Equilibrium
Agents simultaneously optimizing--nobody wants to change what…
Optimization
Economics agents choosing the best feasible option given the…
19 terms
Econ Vocab
nominal GDP
Real GDP
economic growth
GDP per capita
the value of all final goods and services produced in the eco…
total value of all final goods and services produced in the e…
the growing ability of the economy to produce good and services
average GDP per person
nominal GDP
the value of all final goods and services produced in the eco…
Real GDP
total value of all final goods and services produced in the e…
Econ Mods 11-15
aggregate output
real GDP (GDPr)
Nominal GDP (GDPn)
chain-linking
total amt of final goods and services made in an economy
total value of final goods made in economy during a year, cal…
total value of final goods made in economy in a year calculat…
way of calculating changes in real GDP using overage between…
aggregate output
total amt of final goods and services made in an economy
real GDP (GDPr)
total value of final goods made in economy during a year, cal…
24 terms
Unit 5
Some Thoughts Concerning Education (16…
Voltaire
Jean-Jacques Rousseau
Montesquieu
Work by John Locke which states "all he men we meet with, 9 p…
French radical thinker who had a stormy relationship with Fre…
Author of Emile and The Social Contract (1762). Decried the c…
Author of Spirit of the Laws, which was an unusual among Enli…
Some Thoughts Concerning Education (16…
Work by John Locke which states "all he men we meet with, 9 p…
Voltaire
French radical thinker who had a stormy relationship with Fre…
Macro 1
Comparative Advantage
Absolute advantage
Goals of Macronomics
Secondary Economic Goals
The ability to produce one good at a comparably lower opportu…
Ability to produce more goods using fewer resources than anot…
-Full employment... -Stable Prices... -Economic growth/development…
- Economic Freedom... -Equitable distribution of income
Comparative Advantage
The ability to produce one good at a comparably lower opportu…
Absolute advantage
Ability to produce more goods using fewer resources than anot…
24 terms
Econ ch 7
Consumer Price Index
causes of inflation
demand factors
supply shocks
measure of the average change over time in the prices paid by…
demand factors, supply shocks, government policy
consumer confidence, income, wealth
price fluctuations on items such as food and oil
Consumer Price Index
measure of the average change over time in the prices paid by…
causes of inflation
demand factors, supply shocks, government policy
527 terms
Econ
Refer to Exhibit 1-3. Based on the dat…
When economists speak of scarcity, the…
the author of the text defines economi…
A mandatory seatbelt law ends up raisi…
inverse
condition in which people's wants outstrip the limited resour…
science of scarcity
137,500
Refer to Exhibit 1-3. Based on the dat…
inverse
When economists speak of scarcity, the…
condition in which people's wants outstrip the limited resour…
16 terms
Chapter 10: Classical Business Cycle Analysis
real business cycle theory
real shocks
nominal shocks
productivity shocks
real shocks to the economy are the primary cause of business…
disturbances to the real side of economy shocks affecting the…
shocks to money supply/demand the only directly affect the LM…
production function/supply shocks such as the development of…
real business cycle theory
real shocks to the economy are the primary cause of business…
real shocks
disturbances to the real side of economy shocks affecting the…
14 terms
Inflation
Market Basket Price
CPI=
Inflation Rate
Real Interest Rate
Product Quantities * Product Prices
Current Market Basket Price... ________________________________…
CPI Current Year - CPI Prior... _______________________________…
Nominal Interest Rate - Inflation Rate
Market Basket Price
Product Quantities * Product Prices
CPI=
Current Market Basket Price... ________________________________…
Chapter 11: Measuring the Cost of Living
Consumer Price Index ( CPI)
How the CPI is calculated
Inflation Rate
Problems With the CPI
-measures the typical consumer's cost of living
100x cost of basket (current year) / cost of basket (base year)
CPI (this year) - CPI (last year) / CPI (last year) x100%
1. Substitution bias... 2. Introduction of new goods... 3. Unmeas…
Consumer Price Index ( CPI)
-measures the typical consumer's cost of living
How the CPI is calculated
100x cost of basket (current year) / cost of basket (base year)
25 terms
Econ Final
1. Cyclical unemployment refers to
2. The labor force equals the
3. The natural unemployment rate inclu…
4. Some individuals would like to have…
a. the portion of unemployment created by job search.... b. shor…
a. number of people employed.... b. number of people employed pl…
a. both frictional and structural unemployment.... b. neither fr…
a. detached workers, and they are classified by the Bureau of…
1. Cyclical unemployment refers to
a. the portion of unemployment created by job search.... b. shor…
2. The labor force equals the
a. number of people employed.... b. number of people employed pl…
AP Econ Test 2 Vocab
Inflation
Real Wages
Real Income
Inflation Rate
Increase in general price level that cause real value of $ to…
Wage rate divided by price level to adjust for effects of inf…
Income divided by price level to adjust for effects of inflat…
Percentage increase in overall level of prices/year
Inflation
Increase in general price level that cause real value of $ to…
Real Wages
Wage rate divided by price level to adjust for effects of inf…
14 terms
The Environment
Chernobyl Meltdown (1986)
Deforestation in the Amazon
Environment's context in the global ma…
Local & Global Impacts of Climate Change
-plant in Ukraine... -plume of radioactive fall out reached much…
-eliminates critical carbon sinks... -threat to biodiversity
-consumers drive demand --> shapes environmental practices al…
-extreme heat causes the most deaths in Wisco... -uneven impacts…
Chernobyl Meltdown (1986)
-plant in Ukraine... -plume of radioactive fall out reached much…
Deforestation in the Amazon
-eliminates critical carbon sinks... -threat to biodiversity
10 terms
macro chapter 5
microeconomics
macroeconomics
gross domestic product
consumption
the study of how households and firms make decisions and how…
the study of economy-wide phenomena, including inflation, une…
the market value of all final goods and services produced wit…
spending by households on goods and services, with the except…
microeconomics
the study of how households and firms make decisions and how…
macroeconomics
the study of economy-wide phenomena, including inflation, une…
26 terms
Chapter 7: GDP and CPI
falling energy prices, rising value of…
2%
today
tomorrow
list two reasons why the composition of economic growth is ch…
growth > _____ shows improvement is need in the labor market
GDP: produce today, sell ________
Inventories: produce today, sell ________
falling energy prices, rising value of…
list two reasons why the composition of economic growth is ch…
2%
growth > _____ shows improvement is need in the labor market
Chapter 10: Measuring a Nation's Income
microeconomics
macroeconomics
GDP
consumption
study of how households and firms make decisions and how they…
study of economy-wide phenomena, including inflation, unemplo…
Gross Domestic Product (market value of all final goods and s…
spending by households on goods and services, with the except…
microeconomics
study of how households and firms make decisions and how they…
macroeconomics
study of economy-wide phenomena, including inflation, unemplo…
93 terms
Economics Unit 4
What is on the x-axis on the business…
What is on the y- axis on the business…
What is the base unit for the economy?
What is the business cycle?
Time
GDP
the Business Cycle
natural flow of the economy
What is on the x-axis on the business…
Time
What is on the y- axis on the business…
GDP
54 terms
Financial Economics
Ludwig Von Mises... ""
Most Metals trade in
Futures trading is a zero sum game T/F?
Thomas Gresham... ""
Regression Theorem - Money has worth because it replaced bart…
New York
False
"Bad money drives out good" - Good money disappears from circ…
Ludwig Von Mises... ""
Regression Theorem - Money has worth because it replaced bart…
Most Metals trade in
New York
21 terms
Managerial Economics (Froeb) - Ch 5 Investment Decisions
Avoidable Costs
Break-even price
Consumer surplus
Contribution margin
Costs that you get back if you shut down operations
the price that you must charge to at least break even (make z…
the difference between the buyer's value (what he is willing…
the amount that one unit contributes to profit.... CM = SP per u…
Avoidable Costs
Costs that you get back if you shut down operations
Break-even price
the price that you must charge to at least break even (make z…
66 terms
Unit 4 (Chapters 14,15,16,&20)
GDP doesn't include
recessions
Inflation Rate
Inflation Rate Equation
Healthcare, Education, leisure, volunteering, & quality of en…
periods of economic distress (rising unemployment, falling pr…
percentage of change in some measure of the price level from…
Inflation rate Year 2 = 100X (GDP Deflator Year 2 - GDP defla…
GDP doesn't include
Healthcare, Education, leisure, volunteering, & quality of en…
recessions
periods of economic distress (rising unemployment, falling pr…
52 terms
Unit 2 Macroeconomics
Gross domestic product (GDP)
intermediate goods
final goods
multiple counting
the total value of all final goods and services produced in t…
goods and services bought from one firm by another firm to be…
goods and services sold to the final or end user... ex: car
...
Gross domestic product (GDP)
the total value of all final goods and services produced in t…
intermediate goods
goods and services bought from one firm by another firm to be…
187 terms
APES Semester Final Review
environmental science
story of Easter Island
Henry David Thoreau
Theodore Roosevelt
a field of science that studies the interactions of the physi…
The Rapa Nui people who first inhabited Easter Island built t…
wrote Walden; viewed nature is a gift from God
26th president; set aside over 200 million acres to be protec…
environmental science
a field of science that studies the interactions of the physi…
story of Easter Island
The Rapa Nui people who first inhabited Easter Island built t…
94 terms
Econ 222 Final (Werner)
GDP
What is 'Y'?
What is 'C'?
What is 'I'?
measures total income of everyone in the economy
GDP
Consumption
Investment
GDP
measures total income of everyone in the economy
What is 'Y'?
GDP
28 terms
AP ECON SECTIONS 3 TERMS FOR TEST (BACK)
Employed
Unemployed
Labor Force
Labor Force Participation Rate
people are currently holding a job in the economy
people are actively looking for work, but aren't currently em…
sum of the employed and unemployed
the % of population 16 and above that is in the labor force
Employed
people are currently holding a job in the economy
Unemployed
people are actively looking for work, but aren't currently em…
26 terms
Ch. 1 & 2
scarcity
free good
scarce good
resources
not abundant enough in nature so that everyone can have as mu…
no price (so abundant you can have as much as you want)
NOT so abundant in nature; commands a price
anything occurring in nature that is used to create other thi…
scarcity
not abundant enough in nature so that everyone can have as mu…
free good
no price (so abundant you can have as much as you want)
34 terms
Eco Chap 4 - BoP
Balance of Payments (BoP)
Shows trade and financial flows into/o…
Current Account (CA)
Balance on Goods and Services (BOGS)
The record of the transactions between Australia and the rest…
Most important indicator of relation with global economy
The non-reversible transactions including trade, transfer pay…
The sum of net imports and exports of G+S in a given time per…
Balance of Payments (BoP)
The record of the transactions between Australia and the rest…
Shows trade and financial flows into/o…
Most important indicator of relation with global economy
58 terms
sustaining the earth #1
3 scientific principles of sustainabil…
natural capital =
3 goals of environmental science
environmentalism
1) solar energy... 2) chemical cycling... 3) biodiversity
natural resources + natural services
1) to learn how life on earth has survived and thrived... 2) to…
social movement dedicated to protecting the earth's life supp…
3 scientific principles of sustainabil…
1) solar energy... 2) chemical cycling... 3) biodiversity
natural capital =
natural resources + natural services
17 terms
Chapter 8 Macro Vocab
Nominal GDP
Real GDP
Economic growth
GDP per capita
The value of all final goods and services produced in the eco…
Total value of all final goods and services produced in the e…
The growing ability of the economy to produce
GDP divided by the size of the population: Equivalent to aver…
Nominal GDP
The value of all final goods and services produced in the eco…
Real GDP
Total value of all final goods and services produced in the e…
32 terms
Macroeconomics Chapter 15
Labor Force Statistics
Employed... People who work.
Unemployed... Not employed
Not in the labor force ... (Everyone Else)
BLS divides adult population (age 16 or older) into 3 groups
Paid employees, self employed and unpaid workers ... in a family
But, looking for a job. ... People not working who have ... looked…
Full time students, stay home dads,... retirees
Labor Force Statistics
BLS divides adult population (age 16 or older) into 3 groups
Employed... People who work.
Paid employees, self employed and unpaid workers ... in a family
43 terms
ECO 155 - LN 4
national income and product accounts
Bureau of Economic Analysis
circular flow diagram
four sectors
keep track of the flow of money between different sectors of…
collects and calculates various types of economic data and co…
illustrates the flow of funds through the four sectors of the…
households, firms, government, and the rest of the world
national income and product accounts
keep track of the flow of money between different sectors of…
Bureau of Economic Analysis
collects and calculates various types of economic data and co…
19 terms
Energy Booklet 3
Economic Growth
Renewable and Recyclable Sources
Efficiency
Population Growth
Way in which energy is insecure. High economic growth normall…
Demand could be reduced if these sources were used more readily
Higher energy efficiency could lower demand. The drive for ef…
Increased population means a higher demand for oil making it…
Economic Growth
Way in which energy is insecure. High economic growth normall…
Renewable and Recyclable Sources
Demand could be reduced if these sources were used more readily
217 terms
Grimm's X100
"Monopolistic competition" differs fro…
The markets for detergent, beer, and c…
Which of the following is NOT a featur…
The market price of peaches is current…
product differentiation
monopolistic competition
Guaranteed income
there is a surplus in the market for peaches
"Monopolistic competition" differs fro…
product differentiation
The markets for detergent, beer, and c…
monopolistic competition
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