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Survey of Economics

Introduction to Economics

  • What is an Economic Model?
  • What is a Production Possibilities Frontier?
  • What is Opportunity Cost?
  • What is Comparative Advantage?
  • What are Macro- and Microeconomics?

Introduction to Microeconomics

  • What is the Supply and Demand Model
  • What is the Demand Curve?
  • What is the Supply Curve?
  • What is Elasticity?

Introduction to Economic Analysis

  • What are the Three Stages of Production?
  • What is Marginal Analysis?
  • What are Sunk Costs?
  • What are Returns to and Economies of Scale?

Introduction to Market Structures

  • What is Economic Profit?
  • What is Perfect Competition?
  • What is Monopoly?
  • What is Monopolistic Competition?
  • What is Oligopoly?

Introduction to National Income Accounting

  • What is Gross Domestic Product?
  • What is the Expenditure Approach?
  • What is Per Capita GDP?
  • What are Real and Nominal GDP?
  • What Determines Economic Growth?
  • What is Inflation?

Introduction to the Business Cycle and Unemployment

  • What is the Business Cycle?
  • How Do We Measure Unemployment?
  • What are the Types of Unemployment?
  • What is “Full Employment”?

Introduction to Fiscal Policy

  • What is Fiscal Policy?
  • What is the National Debt?
  • What is Wrong with Fiscal Policy?

Introduction to Monetary Policy

  • What is the (Functional) Definition of Money?
  • What are the Forms of Money?
  • What is the Federal Reserve Balance Sheet?
  • What is Monetary Policy?
  • What is the Deposit Expansion Multiplier?
  • What is the Equation of Exchange?
  • Does Monetary Policy Work?
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