» Từ khóa: lecture understanding economics

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Lecture Understanding economics (2nd edition): Chapter 1 - Mark Lovewell, Khoa Nguyen

Chapter 1 - The economic problem, after completing this chapter, students will be able to: Consider the economic problem that underlies the definition of economics; learn about the way economists specify economic choice; examine the production choices an entire economy faces, as demonstrated by the production possibilities model; analyze the three basic economic questions and how various answer them.

19 p hce 28/04/2016 354 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Production possibilities model, Production possibilities curve
Lecture Understanding economics (2nd edition): Chapter 3 - Mark Lovewell, Khoa Nguyen

Chapter 3 - Competitive dynamics and government, after this chapter, you will be able to: Describe price elasticity of demand, its relation to other demand elasticities, and its impact on sellers' revenues; define price elasticity of supply and identify the links between production periods and supply; identify how price elasticities of demand and supply determine the impact of an excise tax on consumers and producers.

48 p hce 28/04/2016 136 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Inelastic demand, Revenue changes
Lecture Understanding economics (2nd edition): Chapter 4 - Mark Lovewell, Khoa Nguyen

Chapter 4 - Costs of production. In this chapter you will: consider the major organizational forms of business—sole proprietorships, partnerships, and corporations; learn about economic costs (explicit and implicit) of production and economic profit analyze short-run (total, average, and marginal) products, and the law of diminishing marginal returns; derive short-run (total, average, and marginal) costs; examine long-run results of...

27 p hce 28/04/2016 382 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Costs of production, Productive efficiency
Lecture Understanding economics (2nd edition): Chapter 2 - Mark Lovewell, Khoa Nguyen

Chapter 2 - Demand and supply, after this chapter, you will be able to: Describe the nature of demand, changes in quantity demanded, changes in demand, and the factors that affect demand; summarize the nature of supply, changes in quantity supplied, changes in supply, and the factors that affect supply; explain how markets reach equilibrium-the point at which demand and supply meet.

42 p hce 28/04/2016 147 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, The demand curve, The supply curve
Lecture Understanding economics (2nd edition): Chapter 11 - Mark Lovewell, Khoa Nguyen

Chapter 11 - Economic fluctuations. In this chapter you will: Learn about aggregate demand and the factors that affect it, analyze aggregate supply and the factors that influence it, study the economy’s equilibrium and how it differs from its potential.

39 p hce 28/04/2016 370 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Economic fluctuations, Aggregate demand