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AP WORLD COMPRENSIVE: Key Terms Classical China and India Flashcards

Mr. Brown's AP World Class

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738847899Indus river valleyriver flows from sources in the Himalayas to the Arabian Sea; location of Harappan civilization.
738847900monsoonsseasonal winds crossing the Indian sub-continent and Southeast Asia; during the summer they bring rain.
738847901Harappan civilizationfirst civilization of the Indian subcontinent; emerged in Indus river valley ca. 2500 B.C.E.
738847902Harappa and Mohenjo-Daromajor urban complexes of Harappan civilization; laid out on planned grid pattern.
738847903AryansIndo-European nomadic, warlike, pastoralists who replaced Harappan civilization.
738847904VedasAryan hymns originally transmitted orally; written down in sacred books from the 6th century B.C.E.
738847905Indiachief deity of the Aryans; depicted as a hard-drinking warrior.
738847906daisesAryan name for indigenous people of the Indus river valley region; regarded as societally inferior to Aryans.
738847907caste systemrigid system of social classification introduced by Aryans.
738847908varnasclusters of caste groups; four social castes: brahmans (priests), warriors, merchants, peasants; beneath them were the untouchables.
738847909patrilinealsocial system in which descent and inheritance is passed through the male line; typical of Aryan society.
738847910Huanghe riverriver flowing from the Tibetan plateau to the China Sea; its valley was site of early Chinese sedentary agricultural communities.
738847911Ordos bulgelocated on Huanghe river; region of fertile soil; site of Yangshao and Longshan cultures.
738847912loessfine-grained soil deposited in Ordos bulge; created fertile lands for sedentary agricultural communities.
738847913Longshan culturea formative Chinese culture located at Ordos bulge ca. 2000 to 1500 B.C.E; based primarily on cultivation of millet.
738847914Yua possibly mythical ruler revered for construction of a system of flood control along the Huanghe river valley; founder of Xia kingdom.
738847915XiaChina's first, possibly mythical, kingdom; ruled by Yu; no archaeological sites yet discovered.
738847916Shang1st Chinese dynasty; capital in Ordos bulge.
738847917vassal retainersmembers of former ruling families granted control over peasant and artisan populations of areas throughout Shang kingdom; indirectly exploited wealth of their territories.
738847918extended familiesconsisted of several generations, including sons and grandsons of family patriarch and their families; typical of Shang China elites.
738847919nuclear householdshusband, wife, and their children, and perhaps a few other relatives; typical of Chinese peasantry.
738847920oraclesshamans or priests in Chinese society who foretold the future through interpreting animal bones cracked by heat; inscriptions on bones led to Chinese writing.
738847921ideographic writingpictograph characters grouped together to create new concepts; typical of Chinese writing.
738847922Zhouoriginally a vassal family of the Shang; possibly Turkic in origin; overthrew Shang and established 2nd Chinese dynasty.
738847923Xian and Loyangcapitals of the Zhou dynasty.
738847924feudalismsocial organization created by exchanging grants of land (fiefs) in return for formal oaths of allegiance and promises of loyal service; typical of Zhou dynasty.
738847925Mandate of Heaventhe divine source of political legitimacy in China; established under Zhou to justify overthrow of Shang.
738847926shiprobably originally priests; transformed into corps of professional bureaucrats because of knowledge of writing during Zhou dynasty

18. Introduction of Macroeconomics: Unemployment, Inflation, and Economic Fluctuations Flashcards

Hudson, Macroeconomics Blinn

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495761084business cyclesshort-term fluctuations in the economy relative to the long-term trend in output
495761085consumer price index (CPI)a measure of the cost of a market basket that represents the consumption of a typical household
495761086contractionwhen the economy is slowing down—measured from the peak to the trough
495761087cyclical unemploymentunemployment due to short-term cyclical fluctuations in the economy
495761088deflationa decrease in the overall price level, which increases the purchasing power of money
495761089depressionsevere recession or contraction in output
495761090discouraged workeran individual who has left the labor force because he or she could not find a job
495761091efficiency wage modeltheory stating that higher wages lead to greater productivity
495761092Employment Act of 1946a commitment by the federal government to pursue both full employment and stable prices
495761093expansionwhen output (real GDP) is rising significantly—the period between the trough of a recession and the next peak
495761094frictional unemploymentthe unemployment that results from workers searching for suitable jobs and firms looking for suitable workers
495761095GDP deflatora price index that helps measure the average price level of all final consumer goods and services produced
495761096hyperinflationextremely high rates of inflation for sustained periods of time
495761097inflationa rise in the overall price level, which decreases the purchasing power of money
495761098job leavera person who quits his or her job
495761099job loseran individual who has been temporarily laid off or fired
495761100labor forcethe number of people aged 16 and over who are available for employment
495761101labor force participation ratethe percentage of the working age population in the labor force
495761102leading economic indicatorsfactors that economists at the Commerce Department have found typically change before changes in economic activity
495761103menu coststhe costs imposed on a firm from changing listed prices
495761104minimum-wage ratean hourly wage floor set above the equilibrium wage
495761105natural rate of unemploymentthe median, or "typical," unemployment rate, equal to the sum of frictional and structural unemployment when they are at a maximum
495761106new entrantan individual who has not held a job before but is now seeking employment
495761107nominal interest ratethe reported interest rate that is not adjusted for inflation
495761108nominal leading economic indicatorsfactors that economists at the Commerce Department have found typically change before changes in economic activity
495761109peakthe point in time when expansion comes to an end, that is, when output is at the highest point in the cycle
495761110potential outputthe amount of real output the economy would produce if its labor and other resources were fully employed, that is, at the natural rate of unemployment
495761111price indexa measure of the trend in prices paid for a certain bundle of goods and services over a given period
495761112price levelthe average level of prices in the economy
495761113producer price indexa measure of the cost of goods and services bought by firms
495761114real gross domestic product (RGDP)the total value of all final goods and services produced in a given period, such as a year or a quarter, adjusted for inflation
495761115real interest ratethe nominal interest rate minus the inflation rate; also called the inflation-adjusted interest
495761116recessiona period of significant decline in output and employment
495761117reentrantan individual who worked before and is now reentering the labor force
495761118relative pricethe price of a specific good compared to the price of other goods
495761119shoe-leather costthe time and inconvenience cost incurred when individuals reduce their money holdings because of inflation
495761120structural unemploymentthe unemployment that results from workers not having the skills to obtain long-term employment
495761121The Employment Act of 1946Many economic problems—particularly those involving unemployment, price instability, and economic stagnation—are pressing concerns for the U.S. government.
495761122troughthe point in time when output stops declining, that is, when business activity is at its lowest point in the cycle
495761123underemploymenta situation in which a worker's skill level is higher than necessary for a job
495761124unemploymentthe median, or "typical," unemployment rate, equal to the sum of frictional and structural unemployment when they are at a maximum
495761125unemployment ratethe percentage of the population aged 16 and older who are willing and able to work but are unable to obtain a job
495761126BoomA period of fast economic growth

AP World History: China Flashcards

Classical China

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785246670Stages of Chinese Dynastic Cyclefamily passes hereditary right to rule (except in Mandate for Heaven) until they are overthrown. Weakened dynasty, low tax revenues> social divisions> internal rebellions/invasions> new ruler emerges from military leader, peasant rebel --Many Chinese view history in terms of cycles, in contrast to Western view of steady progress from past to present.
785246671Zhou (1029-258 B.C.E.)Politics of _______ Dynasty: >>Displaced The Shang >>Ruled through alliances with regional princes & noble families >>gave land/estates to those who agreed to provide centeal govenrment with army and taxes >>bascially a feudal period (rulers depended on a network of supportive rulers)
785246672ZhouDecline of ___________ Dynasty >>regional land-owning aristocrats increased their power>>ignored promises to central government
785246673Zhou Middle KingdomSignificance of _________ _________ _________: Zhou extended territory of China- took Yangtze River valley from Huanghe R. to Yangtze R. (in the "Middle" of China) =China's core— the "Middle Kingdom." >>allowed wheat farming in N. and rice growing in S.>wheat-growing in north, rice-grow¬ing in south >>population growth >>but communication to distant regions was difficult >>therefore Zhou relied heavily on regional support (led to downfall)
785246674Mandate of HeavenIdea that leaders were "endorsed" or given the right to rule through heaven's approval. >>was key justification for rulers >>stared in the Zhou dynasty Zhou rulers claimed direct
785246675ZhouCultural Unity in the _____ Dynasty: >>standardized Mandarin
785246676Confucius___________: >>Chinese person in the late 6th/early 5th centuries B.C.E. >>wrote a philosophy that dictated ethics >>remains influential in Chinese Society >>included political ethics and respect for authority/elders
785246677Era of the Warring StatesPeriod during the collapse of/following the Zhou Dynasty: >>regional rulers from feudalist China build up armies and reduce power of emperor >>402 -201 B.C.E.
7852466789. Identify/significance: Shih Huangdi (Qin)regional ruler who deposed last Zhou emperor & made himself ruler of China. He took the title Qin Shi Huangdi, or First Emperor. The dynastic name, Qin >conferred on whole country=China.
785246679QinAchievements during the ______ dynasty: >>Shi Huangdi is brutal,effective ruler >>national census >>standardized coinage, writing, weights, measures, road planning, etc. >>Great Wall built to keep out invaders from the North (but built by forced labor) >>new irrigation projects >>promoted (silk) manufacturing
785246680QinPolitical System of _____ Dynasty: >>ordered warring regional aristocrats to live in his court as he seized their land >>large provinces were governed by bureaucrats >>chose bureaucrats from non-arisocratic families so they owed their power to the state >>burned books (and their authors) that were subversive to the legalistic regime
785246681QinDecline of ____ Dynasty: >>attacks on intellectuals and high taxes to support public works and expansion were not so popular. >>massive revolts after death, massive revolts >>Han dynasty comes next
785246682Han Dynasty (202 B.C.E.-202 C.E.)Achievements of _____ __________: >>centralized government without Qin's craziness >>expansion (into Korean, Indochina, etc)--this results in direct contact with the Middle East and India, and thus those Roman guys and their Mediterranean trade shtick.
785246683Wu Ti (140—87 B.C.E.)>>Han Ruler >>enforced peace throughout much of Asia (a little bit like the phenomenon of pax romana but China had the romans beat on the territory and population of their domain) >>this peace brought prosperity to China
785246684HanPolitics of the _____ Dynasty: >>state bureaucracy improved & government linked to formal training that emphasized values of Confucian philosophy >>Wu Ti supported Confucianism rather than the legalistic principles of the Qin dynasty
785246685Han (220-589 C.E.)Decline of the ____ Dynasty: >>lasted 2 centuries >>Central control weakened, invasions from central Asia, led by a nomadic people called the Huns, who had long threatened China's northern borders >>China is is a state of chaos. >>the political structures and social values developed in the Han Dynasty enabled China to endure 3 centuries of chaos
785246687Qin and HanGovernments of _____ and _____ Dynasties: >> stressed central authority >>expanded bureaucracy >>largest political system in the classical world >>system is streamlined in future centuries but never requires complete overhaul
785246688ConfucianismPhilosophy that stressed: >>tightly knit patriarchal families >>extended families all living together
785246689Shi Huangdi____ __________ organized and centralized the government: >>attacked local rulers >>standardized coinage and taxes >>appointed governors to each district so that they could exercise military/legal power
785246690Han Dynasty Bureaucracy>>130,000 bureaucrats=0.2% of pop. >>Wu Ti establishes civil service exams >>established school to train future bureaucrats, which consisted mostly of the upper class but sometimes recruited from lower ranks >>this system limited arbitrary power of emperor and complete dominance by aristocracy >> lasted until the 20th century. .
78524669222. Explain how far the power of the Chinese government was able to reach.Its system of courts was backed by strict law code; torture & execution widely used to supplement preaching of obedience & civic virtue. Cen¬tral government taxed its subjects & required annual labor on part of every male peas¬ant in building canals, roads, palaces. No other government had organization/staff to reach ordinary people so directly until modern times, except in much smaller political units such as city-states.
785246693successes of the Chinese government>>the entire population respected the government's power and authority >>invaders could topple a dynasty but could not instate a better system of government, which enabled the Chinese civilization to endure.
78524669524. Describe the Chinese way of viewing the world that developed during the classical period.Upper-class cultural values emphasized good life on earth & virtues of obedience to the state, more than speculations about God & mysteries of heaven. Chinese tolerated/ combined various beliefs, so long as they did not contradict basic political loyalties.
78524669625. What beliefs did the Zhou rulers stress?maintained belief in a god/ gods, but little attentio given to nature of a deity. Leaders stressed a harmonious earthly life, which would maintain balance between earth & heaven.
78524669726. In what ways did the Chinese upper class seek and express harmony?rituals to unify society & prevent individual excess. Upper class people trained in elaborate exercises & military skills;ceremonies venerating ancestors; use of chopsticks began at end of Zhou dynasty=encouraged politeness at meals. Soon, tea introduced, but most elaborate tea-drinking rituals developed later.
78524669827. Describe the ideas and teachings of Confucius. (Analects)If people could be taught to emphasize personal virtue (including reverence for tradi¬tion) a solid political life would naturally result. Confucian virtues stressed respect for one's social superiors— fathers/husbands as leaders of family; emphasis on proper hierar¬chy balanced by insistence that society's leaders behave modestly & shun abusive powers & treat people who were in their charge courteousl. Moderation in behavior, veneration of custom/ritual, love of wisdom should characterize leaders of society at all levels."In an age of good government, men in high stations give preference to men of ability and give opportunity to those who are below them..."
78524669928. According to Confucius, how should rulers and subordinates act?emphasized virtuous behavior by ruler & ruled. Only a man who demonstrated proper family virtues, including respect for parents & compassion for children should be considered for political service. He emphasized personal restraint & socialization of children. Subordinates show obedience & respect; people should know their place, even under bad rulers. He urged political system to make education accessible to all tal¬ented/intelligent people. Rulers should be humble/sincere; people will grow rebellious under hypocrisy/arrogance. He warned against greed in leadership.
78524670029. Describe Legalism.rejected Confu¬cian virtues in favor of authoritarian state that ruled by force. Human nature =evil & required restraint /discipline. The army should control & people should labor. Legalism never won widespread approval, but it entered political tradi¬tions of China, where a Confucian veneer was often combined with strong-arm tactics.
78524670130. Explain the effects of Confucianism on peasants.Most peasants needed more than civic virtue to understand/survive their harsh life. During most of the classical period, polytheistic beliefs, focusing on spirits of nature, persisted. Many tried to attract blessing of spirits by creating statues, emblems, household decorations honoring spirits,& holding parades/ family ceremonies. A belief in symbolic power of dragons came from a popular religion= combined fear of these creatures with more playful sense of their activities in its courtship of divine forces of nature. Gradually, ongoing rites among ordinary masses integrated Confucian values urged by upper classes.
78524670231. Describe Daoism. (Laozi)It embraced tradi¬tional Chinese beliefs in nature's harmony & added sense of nature's mystery=spiritual alternative to Confucianism. Daoism= vital for Chinese civilization but not exported. 5th century B.C.E. Laozi said nature contains divine impulse that directs all life. Human understanding comes in withdrawing from world & contemplating life force. Dao= "the way of nature" Along with secret rituals, Daoism promoted its own set of ethics. Daoist harmony with nature best resulted through humility/frugal living. Political activity& learning were irrelevant to a good life, & general conditions in world=little importance.
78524670332. Why was Daoism able to co-exist with Confucianism?Daoism would join with strong Bud¬dhist influence from India during chaos that fol¬lowed collapse of Han dynasty; guaranteed China's people would not be united by a single religious or philosophical system. Individuals embraced elements from both Daoism &Confucianism; many emperors favored Daoism& accepted its spread because some found solace in Daoist belief & because its otherworldly emphasis posed no real political threat. Confucian scholars disagreed vigorously with Daoist thinking (myster¬ies/magic), but saw little reason to challenge its influence. Daoism provided many Chinese with ceremonies to promote harmony with mysterious life force. Chinese govt from Han dynasty onward was able to persuade Daoist priests to include expressions of loyalty to emperor in temple services>heightened Daoism's political compatibility with Confucianism
78524670433. Identify/significance: Five Classicswritten in early Zhou dynasty; edited in time of Confucius= important tradition; used as basis for civil ser¬vice examinations; included historical treatises, speeches, discussion of etiquette/ceremonies. The Classic of Songs =300 poems dealing with love, joy, politics, fam¬ily life. Chinese literary tradition devel¬oped on basis of mastering these early works, plus Confucian writing; each generation of writers found new meanings in the classical literature= expressed new ideas in a familiar framework.
78524670534. Describe the characteristics of Chinese literature in the classical period.Poetry=particular attention because Chinese language featured melodic speech & vari¬ant pronunciations of the same basic soun. From classical period onward, ability to learn/recite poetry= mark of educated Chinese. Literary tradition in classical China reinforced Confucian emphasis on human life, but subjects included romance& sorrow as well as political values.
78524670635. Describe the characteristics of Chinese art in the classical period.stressed careful detail/craftsmanship;reflected precision of symbols of Chinese writing. Calligraphy >art form. Artists painted, worked in bronze & pottery, carved jade & ivory & wove silk screens. Classical China=no monumental buildings-except for Great Wall & imperial palaces/tombs- because of absence of a single reli-gion; & entire tone of upper-class Confu¬cianism discouraged notion of temples soaring to heavens.
78524670736. Describe Chinese achievements in science and math during the classical period.science stressed the practical not theoretical. Astronomers developed accurate calendar by 444 B.C.E., based on a year of 365.5 days. Later astronomers calculated movement Saturn&Jupiter; observed sunspots—more than 1500 years before Europe. Purpose of Chinese astronomy=make celestial events pre-dictable as part of ensuring har¬mony between heaven /earth. Scientists invented seismograph to register earthquakes in Han dynasty. Medical research> anatomical knowledge &studying principles of hygiene. Mathematics stressed practical. Daoism encouraged exploration of orderly processes of nature but more research focused on how things worked. This focus for science and mathematics contrasted with more abstract definition of science in clas¬sical Greece.
785246708IV. Economy and Society...
78524670937. Describe the social structure in classical China.By time of Zhou, main social division was between land-owning gentry (2% of pop.) & peasants, who provided dues/service to these lords while also controlling some of their own land. About the only thing the Chinses nobleman and peasant had in common was dependence on land as the basic economic resource. Chinese peas¬antry depended on intensive cooperation, in southern rice region; property usually owned/regulated by village or extended family. Beneath peasantry social structure included "mean" people who performed unskilled jobs & suffered from lowest status. Social sta¬tus passed from one generation to next through inheritance, but talented person from peasant background might be given access to education & rise in bureaucracy. Officially-3 main social groups:1. landowning aristocracy/educated bureau¬crats 2. laboring masses of peasants/urban artisans=much poorer & condemned to life of hard manual labor, sometimes worked directly on large estates but in other cases had some economic independence. 3. The "mean people"-those without meaningful skills. (Performing artists in this group despite upper classes enjoyment of plays/entertainment). Mean people punished for crime more harshly & required to wear green scarves. Household slaves also in class structure, but relatively few&China did not depend on slaves fo production.
78524671038. Explain why trade became increasingly important during the Zhou and particularly the Han dynasties.Much trade focused on luxury items for upper class, produced by skilled artisans in cities—silks, jewelry, leather goods, furniture; food exchange between wheat&rice regions. Copper coins facilitated trade; merchants sponsored commercial visits to India. Trade/merchant class didn't =focal points of Chinese society;Confucian emphasis on learning/ political service= scorn for lives devoted to moneymaking. Gap between real importance & wealth of merchants & their officially low prestige= enduring legacy in Confucian China.
78524671139. Describe Chinese technological advances during the classical period.Agricultural implements improved. Ox-drawn plows introduced 300 B.C.E.>greatly increased productivity. Under Han, new collar >draft animals pull plows/ wagons without chok¬ing (available to other parts of world many centuries later). Chinese iron mining=pulleys/winding gears. Iron tools & lamps widely used. Production methods in textiles&pottery =highly developed. Under Han 1st water-pow¬ered mills > gains in manufacturing. During Han, paper invented= boon to a system of gov¬ernment that emphasized bureaucracy. Classical China= far higher levels of technical expertise than Europe or western Asia in same period, a lead that it would long maintain.
78524671240. Explain the role of agriculture in classical China.Farming technology> increase size of pop¬. in countryside; smaller land>support more families. China's agricultural base also >expansion of cities/manufacturing. Goods produced by arti¬sans in small shops/homes. Only minority of workforce involved manual methods>>output of tools, porcelain, textiles increased considerably, aided by interest in improving techniques.
78524671341. Describe the structure of family life in Chinese society.resembled families in other agricultural civi¬lizations = importance of unity/ power of husbands/fathers. Stressed authority to unusual extremes: law courts didn't prosecute parents who injured/killed disobedient son; would severely punish child who scolded/attacked a parent. Emphasis on obedience to parents& wives' obedience to hus¬bands didn't>great friction. Pop¬ular culture stressed control of one's emotions; family seen as center of orderly hierarchy. Family= training ground for principles of author¬ity/restraint applied to larger social/ political world. Women=clearly defined roles&could sometimes gain power through sons & as mothers-in-law of younger women brought into household. Mother of Confucian philosopher, Mencius, said she had exerted considerable influence over him. Hier¬archical order for children: boys superior to girls & oldest son= most enviable position. Inheritance=pri¬mogeniture:oldest male child> inherit property & position.
78524671542. Why did Classical Chinese technology, religion, philosophy, and political structure evolve with very little outside contact?Trade routes led to India & Middle East; most Chinese saw China as island of civilization sur¬rounded by barbarians with nothing to offer except threat of invasion. Proud of cul¬ture & its durability, Chinese had no need /desire to learn from other societies. Spread of Buddhism from India during/after Han decline= notable instance of cultural diffusion that altered China's religious map & artistic styles; but theme of unusual isolation developed in formative period of Chinese civilization>persistent in later world history.
78524671643. In what ways were the systems of government, belief, economy, and social structure closely meshed in classical China?Centralized government/bureaucracy=clearest unity/focus to Chinese society; Confucianism=vital sup¬plement>> bureaucracy =trained corps with common ideals. Appreciation of distinctive artistic styles, poetry & literary tradition added to common culture. Political stability aided eco. growth & govt.= direct role in encouraging agriculture&industry> strong eco.> tax revenues. Eco. interests related to pragmatic Chinese view of science. Social relationships reinforced all; vision of stable hierar¬chy & tight family structure +strong impulse toward orderly politics instilled virtues of obedience/respect important to larger political system.
78524671844. Describe the Silk Roads and explain how it connected China and other regions.China's silk >>valued in India, Middle East & Mediterranean. Trade in silk/luxury products> road network through central Asia =Silk Roads. During Han, Chinese govt. encouraged trade. Improved roads in China & Middle East, >>trade. Chinese emissary Zhang Qian traveled to western India. Most trade on Silk Roads carried by nomadic merchants; until well after the classical period no one trav¬eled all way between China & Mediterranean, but trade lively>attention to sea routes in Indian Ocean. Volume of Silk Road trade unknown, but gained attention in upper-class/government circles; it= initial framework on which global trad¬ing patterns would later elaborate.
786746142Ancestral Worshipveneration of elders more commonly practiced in wealthy, land-owning families. Not such a hit among the peasant class.

GDP Flashcards

Notes on GDP, inflation, and some other things

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348470990Equation for GDPGDP= Consumption+Investment+Government Spending+Net Exports
348470991Components of Aggregate DemandConsumption, Investment (Gross Private Domestic Business Investment), Government Spending, Net Exports, Savings, Taxes, Money Stock, Velocity
348470992What variables influence Consumption?Relative prices of products and services, people's tastes, expectations of the future, change in interest rates, change in income
348470993What variables influence Investment(of producers)?Number of consumers, people's tastes, expectations of future profit, change in inventories( high inventories, decrease in investment), change in interest rates, change in income
348470994What variables influence Government Spending (Keynesian Economics)?Politicians; business cycle is down, spending increases
348470995What variables influence Net Exports?Relative quality of foreign goods and services, relative prices of foreign goods and services, international value of the dollar (exchange rates), interest rates
348470996What variables influence Savings (of consumers)?Relative prices of products and services, people's tastes, expectations of the future, change in interest rates, change in income; Savings increases, Aggregate Demand increases
348470997What variables influence Taxes?Politicians
348470998What variables influence Money Stock?Banks (influenced by Federal Reserve)
348470999Aggregate DemandAmount of goods and services that will be purchased at all possible levels; Price decreases, Aggregate Demand increases as consumers' purchasing power increases
348471000Aggregate SupplyTotal amount of goods and services in economy available at all possible price levels; add up all individual supply curves; Price increases, Aggregate Supply increases, Real GDP increases
348471001What four categories does the Expenditure Approach total?Consumer goods and services, Business goods and services, Government goods and services, Net Exports or Imports of goods and services
348471002The Expenditure ApproachTotals annual expenditures in four categories of final goods and services; more practical, easier to do, used most often
348471003COLACost Of Living Adjustment; Social Security
348471004Gross Domestic Product (GDP)Country's income; dollar value of all final goods and services produced within country's borders in a given year; sold or made in the USA
348471005Gross National Product (GNP)Citizen issue; dollar value of all final goods and services produced by Americans; made by Americans (does not have to be within the country)
348471006Calculating GDP has what two approaches?The Expenditure Approach and the Income Approach
348471007Income ApproachCalculates GDP by adding up all the incomes in the economy
348471008Name two types of consumer goodsDurable (last a long time; refrigerator) and nondurable (last a short time; food, light bulbs) goods
348471009Nominal GDPMeasured in current prices; does not account for price level increases from year to year; all other GDP
348471010Real GDPExpressed in constant, or unchanging dollars (hold prices constant); pick a year and set as base year to compare changes in prices (use base year prices for all GDP calculations)
348471011T or F: For the base year, Nominal GDP equals Real GDP?True
348471012GDP does not measure what?Nonmarket activities, negative externalities, The Underground Economy, Quality of Life
348471013Non market activitiesGoods and services that people make or do themselves (childcare, mowing the lawn, cooking dinner)
348471014Negative ExternalitiesUnintended economic side effects on uninvolved third party; always overproduced
348471015The Underground EconomyBlack market
348471016Quality of LifeLeisure time, pleasant surroundings, personal safety/ security
348471017What factors influence GDP?Aggregate Supply and Aggregate Demand
348471018Aggregate Supply/ Aggregate Demand EquilibriumCombine Supply and Demand curves and the equilibrium can be determined (macroeconomics)
348471019Economic indicatorsTell where the economy is going
348471020Leading indicatorsPredict new phase of business cycle; stock market performance, interest rates, new home sales, PPI, CPI
348471021Capital DeepeningProcess of increasing amount of capital per worker; one of most important sources of growth in modern economy
348471022Name two ways that firms can deepen capitalIncrease physical capital by purchasing more equipment; increase human capital through additional training and education
348471023Increased Savings leads to what?Higher output and GDP
348471024Formula for Standard of LivingGDP/ Population
348471025What is an effect of rising prices?Inflation (increase in prices); eats away at purchasing power; as you buy, demand moves right (increases) and inflation rates increase
348471026What is the optimal inflation rate?3 Percent
348471027Name two Price IndicesProducer Price Index (PPI), Consumer Price Index (CPI)
348471028Consumer Price Index (CPI)Most popular measure; market basket of typical urban consumer; track how prices change by the month; measures inflation; PPI increase, CPI increases
348471029Producer Price Index (PPI)Cost of production
348471030What are causes of inflation?Too much money, Cost-push inflation, Demand-pull inflation
348471031Cost-Push InflationProducer takes increased cost of production and "pushes" it onto the consumer; wage-price spiral
348471032Wage-Price SpiralAs prices continue to rise, workers demand higher wages, which again increases the prices of products because wages are a cost of production
348471033Demand-Pull InflationDemand increases, prices increase
348471034T or F: A little inflation is goodTrue; it means that people are consuming and the economy is up, making money; Deflation is BAD, prices are down and there is no money
348471035Official RecessionGDP has declined over two consecutive quarters
348471036Types of UnemploymentFrictional (choice), Structural (missing skills), Seasonal (Six flags, fisherman), Cyclical (swings in the business cycle; only type measured by unemployment rate)
348471037UnderemployedOverqualified
348471038Discouraged workersNot in the labor force (stopped looking); not included in unemployment rate
348471039Full employmentUnemployment rate of 4 to 6 percent, no cyclical unemployment; US needs 125,000 jobs a month to keep up with the population
348471040What is the downside of a strong currency?Decreased exports and increased imports (get more for your dollar from foreign producers and foreign markets get less for their dollar from US market)
348471041VelocityHow quickly money flows through economy
348471042EOCT: What is CPI/ Inflation rate?*pick the number closest to 100
348471043When calculating GDP, hold what constant?Prices; use the base year
348471044Formula for GDP deflator(Nominal GDP/ Real GDP) * 100
348471045How is Net National Product (NNP) calculated?GNP - depreciation
348471046How is Personal Income (PI) calculated?National Income (NI) - (firm reinvested money, firm income taxes, social security) + other household income
348471047How is Disposable Personal Income (DPI) calculated?PI - individual income taxes
348471048How is National Income (NI) calculated?NNP - sales and excise taxes
348471049Determining the Unemployment rate(Labor force - employed)/ Labor force
348471050Real Interest RateNominal Interest Rate - Inflation
348471051Figuring out CPIFix the basket (what is in it?), find prices of basket items, calculate value of basket (P x Q), CPI for base year is 100, (value of current year basket/ value of base basket) *100; hold quantities constant (use base year)
348471052Formula for Inflation Method 1[(GDP deflator - GDP deflator prev)/ GDP deflator prev] *100
348471053Formula for measuring Inflation[(CPI current - CPI prev)/ CPI prev] * 100
348471054Velocity of Money formulaV = (P*Y)/ M

Supply & Demand Flashcards

What happens to price and quantity when supply/demand changes. Maching the determinants of supply/demand.

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86004880S∧>D∨P∨Q∧
86004881S∨>D∨P∧Q∨
86004882S∨>D∧P∧Q∨
86004883S∧>D∧P∨Q∧
86004884S∨P∧Q∧
86004885S∨P∨Q∨
86004886S∧P∨Q∨
86004887S∧P∧Q∧
86004888S∨D∧(SA)P∧Q-
86004889S∨D∨(SA)P-Q∨
86004890S∧D∨(SA)P∨Q-
86004891S∧D∧(SA)P-Q∧
86004892S-D∨P∨Q∨
86004893S-D∧P∧Q∧
86004894S∨D-P∧Q∨
86004895S∧D-P∨Q∧
86004896Δ Consumer TastesDemand
86004897Δ # of ConsumersDemand
86004898Δ IncomeDemand
86004899ΔP of Related GoodsDemand
86004900Δ Future ExpectationsDemand
86004901Δ Resource PricesSupply
86004902Δ Imput PricesSupply
86004903Δ TechnologySupply
86004904Δ Taxes & SubsidiesSupply
86004905Δ Price ExpectationsSupply
86004906Δ # of ProducersSupply
86004907ΔP of Other GoodsSupply

Economics - Unit 1 Fundamentals Flashcards

Fundamental Economic Concepts; Economic Systems

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431703562economicsthe study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants
431703563scarcitya situation in which unlimited wants exceed the limited resources available to fulfill those wants
431703564trade-offsgiving up one thing in favor of another
431703565opportunity coststhe highest-valued alternative that must be forgone when a choice is made
431703566rational decisionschoice in which you weigh the costs and benefits of each option
431703567marginal benefitthe additional satisfaction or benefit received when one more unit is produced
431703568marginal costthe cost of producing one more unit of a good.
431703569marginal benefit-marginal cost analysisRational decision making involves marginal benefits that equal or exceed the marginal costs
431703570resourcesanything that is used to produce goods or services
431703571allocation of resourcesdecision on how to divide scarce resources among different uses
431703572goodstangible products that we use to satisfy our wants and needs
431703573servicesactions or activities that one person performs for another
431703574factors of productionland, labor, capital, entrepreneurship
431703575capital goodsBuildings, machines, technology, and tools needed to produce goods and services.
431703576human capitalthe skills and knowledge gained by a worker through education and experience
431703577producersindividuals and organizations that determine what products and services will be available for sale.
431703578consumerspeople who buy goods and services
431703579entrepreneur(n.) a person who starts up and takes on the risk of a business
431703580barterTo exchange goods or services without the use of money
431703581production possibilities curveA curve that shows the possible combinations of two products that an economy can produce, given that its productive resources are fully employed and efficiently used.
431703582specializationoccurs when individual workers focus on single tasks (division of labor), enabling each one to be more efficient and productive
431703583division of laborthe process of dividing work into specialized jobs that are performed by separate individuals
431703584assembly lineProduction method that breaks down a complex job into a series of smaller tasks
431703585importsgoods and services purchased from other countries
431703586exportsGoods and services sold to other countries.
431703587voluntary exchangethe act of buyers and sellers freely and willingly engaging in non-fraudulent market transactions. Both parties should benefit from the exchange.
431703588non-fraudulent exchangewithout fraud/without deceiving; honest, voluntary exchange
431703589economic systemsThe ways in which a society answers the three basic economic questions to organize production, distribution, and consumption of goods and services to solve the economic problem of scarcity
4317035903 basic economic questionsEvery economic system must answer the three basic economic questions: What to produce; How to produce it? For whom to produce?
431703591command economya system in which the central government makes all economic decisions
431703592traditional economyAn economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
431703593market economya system based on private ownership, free trade between buyers and sellers, and competition
431703594mixed economymarket-based economic system with limited government involvement.
431703595invisible handa term coined by Adam Smith to describe the self-regulating nature of the marketplace
431703596laissez fairethe doctrine that states that government generally should have little or no involvement in the marketplace
431703597comparative advantagethe ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers.
431703598absolute advantagethe ability to produce more of a given product using a given amount of resources
431703599free enterpriseThe freedom of private businesses to operate competitively for profit with minimal government regulation.
431703600capitalismeconomic system in which the means of production are privately owned and operated for profit
431703601incentivesrewards that are offered to try to persuade people to take certain economic actions. Ex. profit and the ownership of private property are incentives to start a business
431703602consumer sovereigntythe role of consumer as the ruler of the market, determining what products will be produced
431703603profit motiveTo be motivated by the desire to make money.
431703604private ownershipproperty/resources that individuals own and control; a core principle of capitalism
431703605role of governmentTo maintain legal and social framework, overcome market failure by providing public goods and services, maintain competition, redistribute income, correct for externalities, to protect individuals and their property rights, stabilize the economy
431703606government regulationa rule that a government establishes and enforces to protect the public or provide equal access to specific goods, and services.
431703607deregulationthe removal of some government controls over a market
431703608privatizationTo change from government or public ownership or control to private ownership or control.
431703609income redistributiongovernment activity that takes income from some people through taxation and uses it to help citizens in need
431703610public goods and servicesGoods and services that cannot be withheld from those who don't pay for them, and benefits that may be "consumed" by one person without reducing the amount of the product available for others. Examples include national defense, streetlights, and roads and highways. Public services include welfare programs, law enforcement, and monitoring and regulating trade and the economy.
431703611private goodsGoods that are both excludable and rival in consumption, Goods that, when consumed by one individual, cannot be consumed by another
431703612externalitiescosts that are not calculated into the price; spillovers
431703623standard of livinga measure of quality of life based on the amounts and kinds of goods and services a person can buy
431703624inputslabor, machinery, buildings, and other resources used to produce output
431703625outputsgoods and services that firms produce
431703626productivitythe quantity of goods and services produced from each unit of labor input
431703627economic goalseconomic growth, full employment, economic efficiency, price level stability, economic fredom, an equitable distribution of income, economic security, balance of trade
431703628redistribution of incomeThe transfer of income through government taxation, spending and assistance programs targeted at particular income groups. The goal is to transfer money from higher-income groups to lower-income groups.
431703629capital investmentsfirms purchase of new machines and buildings. firms invest in capital goods to increase their capacity to produce more goods and services in order to maximize profits
431703630market failureswhen free market doesn't provide needed good/services or when free market hurts people
431703631property rightsThe rights of an individual or business to own, use, rent, invest in, buy, and sell property.

AP US History: American Pageant Ch 16 Flashcards

The American Pageant 14th Edition

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591175854"Peculiar Institution"Southern Euphemism for Slavery0
591175855"Cottonocracy"Name for Wealthy Planters who made their money from cotton in the mid-1800s1
591175856John C. Calhoun7th Vice President of the United States and a leading Southern politician from South Carolina during the first half of the 19th century; was an advocate of slavery, states' rights, limited government, and nullification2
591175857Jefferson DavisUS Senator (D-MS) / Served as President of the Confederate States of America from 1861 to 18653
591175858"Crackers"Southern whites who raised cattle4
591175859"clay-eaters"poor slaveless Southern whites who were reduced to eating clay for nutrition; often considered lazy, they were in fact very sick with hookworm and malnutrition5
591175860"A rich man's war but a poor man's fight"Slogan to describe Civil War (& too many others); rich had the greatest financial interest in the outcome of the war, but the poor did the fighting and dying6
591175861Frederick DouglassSelf-Educated Slave; Escaped in 1838; Became best-known Abolitionist Speaker; Edited "the North Star"7
591175862"Black Ivory"Term used for Slaves because they were so valuable8
591175863William T. JohnsonMulatto free slave who owned slaves himself; known as the "Barber of Natchez"9
591175864"Black Belt"Area of the south where most slaves were held, stretching from South Carolina across to Louisiana10
591175865"Sold Down River"Phrase used to describe a slave that was sold away from their plantation and family - usually to the deep south11
591175866Harriet Beecher StoweWrote Uncle Tom's Cabin, a book about a slave who is treated badly, in 1852; it persuaded more people, particularly Northerners, to become anti-slavery12
591175867ring-shoutAfrican American religious celebration where they gathered in a circle and praised God by singing, dancing, and shouting; origin of jazz13
591175868Toussaint L'OvertureLed 1803 Slave Rebellion in Haiti; rebellion led Napoleon to feel that New World colonies were more trouble than they were worth and encouraged him to sell Louisiana to the U.S.; Southerner strengthened their Slave Codes14
591175869Gabriel ProsserGathered 1000 rebellious slaves in 1800 outside of Richmond; 2 slaves gave the plot away, and the Virginia militia stopped the uprising before it could begin; he was executed along with many followers15
591175870Denmark VeseyFreed Slave & Insurrectionist in SC; Led an Uprising of Slaves; Captured and was Hanged; Slave Codes Strengthened16
591175871Nat TurnerSlave in VA; Started Slave Rebellion in 1831 believing he was receiving signs from God; his rebellion was the largest sign of black resistance to slavery in America and led the state legislature of Virginia to a policy that said no one could question slavery17
591175872American Colonization SocietyAnti Slavery Society formed in 1817 that thought slavery was bad; it purchased a tract of land in Liberia and returned free blacks to Africa18
591175873Republic of LiberiaFormed by the American Colonization Society in 1822 by Former Slaves on the West African coast; its population eventually comprised fifteen thousand freed blacks; its capital was named Monrovia, after President Monroe19
591175874Theodore Dwight WeldProminent White Abolitionist of 1830's; Self-Educated & Very Outspoken; put together a group called the "Land Rebels"; put together a propaganda pamphlet called "American Slavery As It Is"20
591175875"American Slavery As It Is"Theodore Dwight Weld's powerful antislavery book21
591175876Arthur and Lewis TappanBrothers born in MA who united with Theodore D. Weld to form the American Anti-Slavery Society; gave financial support to anti-slavery societies & to Oberlin College in Ohio22
591175877Angelina and Sarah GrimkeDaughters of a Prominent SC Slaveholder that were Antislavery; controversial because they spoke to audiences of both men and women at a time when it was thought indelicate to address male audiences; Womens' rights advocates as well23
591175878Lyman BeecherHad 13 kids; thought alcohol was the biggest threat to society; early temperance group Connecticut Society for the Reformation of Morals 1825; inspired temperance movement not just against drunkenness24
591175879"Lane Rebels"group of theology students, led by Theodore Dwight Weld, who were expelled from Lane Theological Seminary for abolitionist activity and later became leading preachers of the antislavery gospel25
591175880William Lloyd GarrisonJanuary 1st, 1831, he published the first edition of "The Liberator" triggering a 30-year war of words and in a sense firing one of the first shots of the Civil War26
591175881The LiberatorAnti-slavery newspaper written by William Lloyd Garrison; drew attention to abolition, both positive and negative, causing a war of words between supporters of slavery and those opposed27
591175882American Anti-Slavery SocietyOrganization started by William Lloyd Garrison whose members wanted immediate emancipation and racial equality for African Americans.28
591175883Wendell PhillipsAssociate of William Lloyd Garrison, this man founded the American Antislavery Society in 183329
591175884David WalkerBlack Abolitionist who called for the immediate emancipation of slaves; wrote the "Appeal to the Colored Citizens of the World"; it called for a bloody end to white supremacy; believed that the only way to end slavery was for slaves to physically revolt30
591175885Sojourner TruthAbolitionist & Feminist who was freed from slavery and became a leading advocate of the abolition of slavery and for the rights of women31
591175886Martin Delaney1 of the few black leaders to take seriously the notion of mass recolonization of Africa; visited West Africa's Niger Valley in 1859 seeking a suitable site for relocation32
591175887Narrative of the Life of Frederick DouglassVivid Autobiography of the Escaped Slave and Renowned Abolitionist Frederick Douglass33
591175888Liberty PartyPolitical Party that started during the two party systems in the 1840's; party's main platform was bringing an end to slavery by political and legal means; party split because they believed there was a more practical way to end slavery than Garrison's moral crusade34
591175889Free Soil PartyFormed in 1848; dedicated to opposing slavery in newly acquired territories such as Oregon and ceded Mexican territory35
591175890Republican Party (1850s)Political party that believed in the non-expansion of slavery and comprised of Whigs, Northern Democrats, and Free-Soilers, in defiance to the Slave Powers36
591175891"Necessary Evil" vs "Positive Good"Southern slave supporters gave slavery a new euphemism once it came under fire due to abolitionism; pointed out how masters taught their slaves religion, made them civilized, treated them well, and gave them "happy" lives37
591175892Northern "Wage Slaves"Northern factory workers whose livelihood depended on wages; worked in sweatshops; low social status and under the threat of starvation and poverty38
591175893The Gag ResolutionMeant that Congress refused to hear petitions related to slavery and the slave trade, and all such petitions were tabled for about a decade; Americans revolted against this, claiming they had the right to petition Congress and that the law attacked their fundamental constitutional rights39
591175894"The Broadcloth Mob"was concerned that the New England textile mills would shut down if cotton was no longer available from the South; they dragged William Lloyd Garrison, through the streets of Boston with a rope tied around him & almost killed him but he escaped40

Rivers Flashcards

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189695942River/streamflowing body of water that flows downhill with a definite path carrying particles and dissolved materials
189695943Channelthe river's path
189695944Loadwhat the river carries
189695945River principleThe principle means by which water from precipitation returns to the ocean
189695946Tributariescontributing streams that diminish in size upstream
189695947Drainage basinthe river and all its tributaries
189695948Drainage basin boundariesusually mountains or other areas of higher elevation
1896959495 Largest Drainage Basins1. Mississippi 2. Mackenzie (Canada) 3. Amazon (S. America) 4. Nile 5. Yangtze/Yellow River (China)
189695950Drainage Divideboundary between drainage basins
189695951Continental Divideadjacent drainage basins drain in different directions off the continent (drain to different oceans)
189695952Types of drainage patterns1. dendritic 2. trellis 3. radial 4. rectangular
189695953Dendritic Drainage Patterngentle slope, uniform materials, most common
189695954Trellis Drainage Patternforms resistant ridges
189695955Radial Drainage Patternneeds some form of a central uplift (high spot)
189695956Rectangular Drainage Patterntwo directions of structural control
189695957Dischargevolume of water passing by in (usually) 1 second
189695958Discharge formulaQ = w * d * v = X m3/second Discharge = width x depth x velocity of stream
189695959Hydrographplot of discharge versus time
189695960Gauging stationinstrument adjacent to streams that collects river data
189695961Basin lagtime elapsed between rainfall and peak discharge by the river
189695962Factors that increase basin lag1. wetlands 2. heavy vegetation (lots of roots and plants to suck up water) 3. convoluted drainage (more twists and turns for water to go through)
189695963Factors that decrease basin lag1. paved areas (water doesn't soak in) 2. tiled areas 3. low vegetation areas (crop lands, burned areas)
189820011Suspended transportationParticles "float" through river
189820012Types of bed load transportationRolling Bouncing Sliding
189886966Describe ion transportationmaterial dissolved in solution
189886967Channel TypesStraight Meandering Braided
189886968How meanders are formed1. River starts straight 2. Something causes water to deflect (tree, etc.) 3. Erosion begins on cutbank side (outside) 4. Deposition begins on point bar side 5. Meander neck may cut off and form oxbow lake
189886969Flood Plainflat valley bottom, normally capped by alluvium (deposited sediments), prone to flooding
189962855Straight Channel
189962856Meandering Channel
189962857Braided Channel
189962858What are flood plains good for?Agriculture
189962859Alluvial fansediment left where river ends and the water evaporates or sinks
189962860Where are alluvial fans common?Mountainous and deser arears
189962861DistributariesStream branches outward
189962862Deltawhere a river reaches standing water
189962863Natural leveewhen a river floods and then recedes, it leaves sediment along river banks

Statistics I Final Terms/Concepts Flashcards

Terms : Hide Images
564680777Central Limit Theoremthe fact that as sample size increases, the sampling distribution of the mean becomes increasingly normal, regardless of the shape of the distribution of the sample
564680778Degrees of Freedomroughly, the minimum amount of data needed to calculate a statistic; more practically, it's a number, or numbers, used to approximate the number of observations in the data set for the purpose of determining statistical significance
564680779Expected Value of the Meanthe value of the mean one would expect to get from a random sample selected from a population with a known mean; for example, if one knows the population has a mean of 5 on some variable, one would expect a random sample selected from the population to also have a mean of 5
564680780Inferential Statisticsstatistics generated from sample data that are used to make inferences about the characteristics of the population the sample is alleged to represent
564680781Populationthe group from which data are collected or a sample is selected; this encompasses the entire group for which the data are alleged to apply
564680782Random Chancethe probability of a statistical event occurring due simply to random variations in the characteristics of samples of a given size selected randomly from a population
564680783Samplean individual or group, selected from a population, from whom or which data are collected
564680784Sampling Distribution of the Meanthe distribution of scores that would be generated if one were to repeatedly draw samples of a given size from a population and calculate the mean for each sample drawn
564680785Sampling Distributiona theoretical distribution of any statistic that one would get by repeatedly drawing random samples of a given size from the population and calculating the statistic of interest for each sample
564680786Probability Value (p-value)the probability of obtaining a statistic of a given size from a sample of a given size by chance, or due to random error
564680787Standard Errorthe standard deviation of the sampling distribution
564680788Confidence Intervalan interval calculated using sample statistics to contain the population parameter, within a certain degree of confidence (e.g., 95%)
564680789Statistical Significancewhen the probability of obtaining a statistic of a given size due strictly to random sampling error, or chance, is less than the selected alpha level; it also represents a rejection of the null hypothesis
564680790Null Hypothesisthe hypothesis that there is no effect in the population (e.g., that two population means are not different from each other, that two variables are not correlated in the population)
564680791Alternative Hypothesisthe opposite of the null hypothesis; usually, it's the hypothesis that there's some effect present in the population (e.g., two population means are unequal, two variables are correlated, a sample mean is different from a population mean, etc.)
564680792Alphathe probability of rejecting a hypothesis (the null hypothesis) when that hypothesis is true; also referred to as the probability of making a Type I error
564680793Alpha Levelthe a priori probability of falsely rejecting a null hypothesis that the researcher is willing to accept; it's used, in conjunction with the p-value, to determine whether a sample statistic is statistically significant
564680794Powerthe probability of rejecting the null hypothesis (that there are no differences) when, in fact, that hypothesis is false; alternatively, detecting a difference between groups when, in fact, a difference truly exists
564680795Type I Errorrejecting the null hypothesis when, in fact, the null hypothesis is true; the probability of making this type of error is referred to as alpha
564680796Type II Erroraccepting a hypothesis (the null hypothesis) when it is false; the probability of making this type of error is referred to as beta
564680797Effect Sizea measure of the size of the effect observed in some statistic; a way of determining the practical significance of a statistic by reducing the impact of sample size; a measure of the strength or magnitude of an experimental effect; a way of expressing the effect in terms of a common metric across measures and studies (standard deviation units)
564680798Random Sampling Errorthe error, or variation, associated with randomly selecting samples of a given size from a population
564680799One-Taileda test of statistical significance that is conducted just for one tail of the distribution (e.g., that the sample mean will be larger than the population mean); when conducting this test, the researcher has ruled out interest in one of the directions, and the test is the probability of getting a result as strong or stronger only in one direction
564680800Two-Taileda test of statistical significance that is conducted just for both tails of the distribution (e.g., that the sample mean will be different from the population mean); when conducting this test, the researcher is testing the probability of getting a result as strong or stronger than the observed result, where "strong or stronger" refers to different in either direction (e.g., that far above or below the mean, or that different from zero in either a positive or negative direction)
564710750Correlation Coefficienta statistic that reveals the strength and direction of the relationship between two variables
564710751Covariancethe average of the cross products of a distribution
564710752Coefficient of Determinationa statistic found by squaring the Pearson correlation coefficient that reveals the percentage of variance explained in each of the two correlated variables by the other variable; tells us how much of the variance in the scores of one variable can be understood, or explained, by the scores on a second variable; equal to r^2
564710753Cross Productthe product of multiplying each individual's scores on two variables
564710754Cross-Product Deviationsthe product of the deviations of one variable and the corresponding deviations for a second variable
564710755Curvilinear Relationshipa relationship between two variables that is positive at some values but negative at other values; may result in a correlation coefficient that is quite small, suggesting a weaker relationship than may actually exist
564710756Dichotomous Variablea categorical, or nominal, variable with two categories
564710757Explained Variancethe percentage of variance in one variable that we can account for, or understand, by knowing the value of the second variable in the correlation
564710758Negative Correlationa descriptive feature of a correlation indicating that as scores on one of the correlated variables increase, scores on the other variable decrease, and vice versa
564710761Positive Correlationa characteristic of a correlation; when the scores on the two correlated variables move in the same direction, on average; as the scores on one variable rise, scores on the other variable rise, and vice versa
564710763Shared Variancethe concept of two variables overlapping such that some of the variance in each variable is shared; the stronger the correlation between two variables, the greater this overlap is
564710766Truncated Range (Restricted Variance)when the responses on a variable are clustered near the top or the bottom of the possible range of scores, thereby limiting the range of scores and possibly limiting the strength of the correlation; may attenuate (weaken/lower) the correlation coefficient
564722719Strength (Magnitude)a characteristic of a correlation with a focus on how strongly two variables are related
564722720Directiona characteristic of a correlation that describes whether two variables are positively or negatively related to each other
564722721Perfect Positive Correlationa correlation of +1.00; indicates that for every member of the sample or population, a higher score on one variable is related to a higher score on the other variable
564722722Perfect Negative Correlationa correlation of -1.00; indicates that for every member of the sample or population, a higher score on one variable is related to a lower score on the other variable
565356896Pearson Product-Moment Correlation (r)correlation coefficient; both variables must be measured on an interval or ratio scale (continuous variables); designed to examine linear relationships among variables; equal to the standardized covariance
565356897Point-Biserial Correlationcorrelation coefficient; should be calculated when one of the variables is continuous and the other is a discrete dichotomous variable
565356898Phi Coefficientcorrelation coefficient; should be calculated when researchers want to know if two dichotomous variables are correlated
565356899Spearman Rho Coefficientcorrelation coefficient; should be used to calculate the correlation between two variables that use ranked data (i.e., ordinal)
565356900Bonferroni Adjustmenta correction used by researchers to adjust their level of significance; the purpose of this is to decrease the chances of a Type I error (failing to reject the null hypothesis when it's true) when multiple tests are conducted (experiment-wise error rate); equal to the Type I error risk (.05) divided by the number of coefficients to be tested
565356901Outlieran extreme score that is more than two standard deviations above or below the mean; attenuates (weakens/lowers) correlation coefficients; can be visually identified via scatterplots
565382142Erroramount of difference between the predicted value and the observed value of the dependent variable; it's also the amount of unexplained variance in the dependent variable
565382143Interceptthe point at which the regression line intersects the Y-axis; also, the value of Y when X=0
565382144Predicted Valuesestimates of the value of Y at given values of X that are generated by the regression equation
565382145Regression Coefficient (b)a measure of the relationship between each predictor variable and the dependent variable; in simple linear regression, this is also the slope of the regression line; indicates the effect of the IV on the DV; specifically, for each unit change of the IV, there is an expected change equal to the size of this value in the DV; the average amount the dependent variable increases when the independent variable increases one unity; the slope of the regression line; the larger this is, the steeper the slope, and the more the dependent changes for each unit change in the independent
565382146Ordinary Least Squares (OLS) Regressiona common form of regression that uses the smallest sum of squared deviations to generate the regression line
565382147Overpredictedobserved values of Y at given values of X that are below the predicted values of Y (i.e., the values predicted by the regression equation)
565382148Regression Equationthe components, including the regression coefficients, intercept, error term, and X and Y values that are used to generate predicted values for Y and the regression line
565382149Regression Linethe line that can be drawn through a scatterplot of the data that best "fits" the data (i.e., minimizes the squared deviations between observed values and this line)
565382150Residualserrors in prediction; the difference between observed and predicted values of Y
565382151Simple Linear Regressionthe regression model employed when there is a single dependent and a single independent variable
565382152Slopethe average amount of change in the Y variable for each one unit change in the X variable
565382153Underpredictedobserved values of Y at given values of X that are above the predicted values of Y (i.e., the values predicted by the regression equation)
565382154Variance of the Estimatethe variance of the scores about the regression line; indicates the degree of variability about the regression line; this is the variance of the residuals and is equal to the MSR; this can be used to compute the standard error of b
567147417Categorical (Nominal) Variablevariables that are measured using either categories or names
567147418Continuous (Interval Scaled) Variablevariables that are measured using numbers along a continuum with equal distances, or values, between each number along the continuum
567147419Dependent Variablea variable for which the values may depend on, or differ by, the value of the IV; when this is related to the IV, the value is predicted by the value of the IV
567147420Independent Variablea variable that may predict or produce variation in the dependent variable; this may be nominal or continuous and is sometimes manipulated by the researcher (e.g., when the researcher assigns participants to an experimental or control group, thereby creating a two-category variable of this type)
567221034Matched (Paired or Dependent) Sampleswhen each score of one sample is matched to one score from a second sample; or, in the case of a single sample measured at two times, when each score at Time 1 is matched with the score for the same individual at Time 2
567221035Matched (Paired or Dependent) Samples t Testtest comparing the means of paired, matched, or dependent samples on a single variable
567221036Standard Error of the Difference Between the Meansa statistic indicating the standard deviation of the sampling distribution of the difference between the means
567221037One-Sample t Testtype of t test; used to compare the mean of a test variable (DV) with a constant, or test value; for example, the test value could be the midpoint of a variable, the average of a variable (DV) based on past research (e.g., the target population), etc.; the null hypothesis for a one-sample t test is that there is no difference between the mean of the sample and the mean of the population; the null would also be that the mean difference (MD) between the two means equals zero
567221038Paired-Samples t Testtype of t test; used to compare the means of a single sample in a longitudinal design with only two time points (e.g., pretest nd posttest); also used to compare the means of two variables measured w/in a single sample (e.g., depression and quality of life); also referred to as a dependent samples t test or a correlated t test; the null hypothesis for a paired-sample t test is that there is no difference between the mean of the sample at Time 1 (pretest) and the mean of the sample at Time 2 (posttest); the null would also be the that the mean difference between the two means equals zero
567221039Independent-Samples t testtype of t test; used when you want to compare the means of two separate samples (in which a subject cannot be a member of both sub-samples) on a given variable; requires one categorical (or nominal) IV, with two levels or groups, and one continuous DV (i.e., interval or ratio scale); in this type of t test, we want to know whether the average scores on the DV differ according to which group one belongs; the null hypothesis for an independent-samples t test is that there is no difference between the mean for one condition when compared to the mean for the other condition; the null would also be that the mean difference between the two group means equals zero
567254036Eta-Squared (η2)the effect size statistic for an independent-samples t test; interpreted as the proportion of variance of the test variable (DV) that is a function of the grouping variable; values of .01, .06, and .14 are, by convention, interpreted as small, medium, and large effect sizes, respectively
567340526a priori Contrastscomparisons of means that are planned before the ANOVA is conducted; can include comparing the mean of one group to two or more other groups combined; a planned comparison test; a contrast that you decided to test prior to an examination of the data; rather than employing a data driven approach and testing all possible pairwise comparisons using post hoc tests, we have specific hypotheses that we want to test; this is a contrast represented by a linear combination of means; usually such a combination takes the form of a difference between two means, or a difference between averages of two sets of means; there are specific "rules" for figuring out what the coefficients in a contrast should be (e.g., the coefficients must sum to zero within a contrast)
567340538Between Grouptefers to effects (e.g., variance, differences) that occur between the members of different groups in an ANOVA
567340541F Valuethe statistic used to indicate the average amount of difference between group means relative to the average amount of variance within each group
567340544Within Grouptefers to effects (e.g., variance, differences) that occur between the members of the same groups in an ANOVA
567340546Grand Meanthe statistical average for all of the cases in all of the groups on the dependent variable
567340548Mean Square Betweenthe average squared deviation between the group means and the grand mean
567340550Mean Square Errorthe average squared deviation between each individual and their respective group means
567340553Post Hoc Testsstatistical tests conducted after obtaining the overall F value from the ANOVA to examine whether each group mean differs significantly from each other group mean; sometimes referred to as an a posteriori test; a contrast that you decide to test only after observing the result of the omnibus F test; this is an exploratory data analysis strategy when one does not have specific hypotheses regarding group differences before the analysis is conducted; most of these tests deal with experimentwise error rate (the likelihood of making a Type I error when multiple pairwise comparisons are made)
567340555Random Errorrefers to differences between individual scores and sample means that are presumed to occur simply b/c of the random effects inherent in selecting cases for the sample; this more broadly refers to differences between sample data or statistics and population data or parameters caused by random selection procedures
567340557Studentized Range Statisticdistributions used to determine the statistical significance of post hoc tests
567340559Sum of Squares Betweensum of the squared deviations between the group mean and the grand mean
567340561Sum of Squares Errorsum of the squared deviations between individual scores and group means on the dependent variable
567340563Sum of Squares Totalsum of the squared deviations between individual scores and the grand mean on the dependent variable; this is also the sum of the sum of squares between and the sum of squares error
567585611One-Way Analysis of Variance (ANOVA)a test of the significance of group differences between two or more means; analyzes variation between and within each group; the purpose is to compare the means of two or more groups (the IV) on the DV to see if the group means are significantly different from each other; in order to conduct this test, you need to have a categorical (or nominal) variable that has at least 2 independent groups (the IV) and a continuous variable (the DV)
567585612Eta-Squared (η2)the effect size statistic for a one-way ANOVA; ranges in value from 0 to 1; interpreted as the proportion of variance of the test variable (DV) that is a function of the grouping variable; values of .01, .06, and .14 are by convention interpreted as small, medium, and large effect sizes, respectively

Statistics I Midterm Flashcards

Terms : Hide Images
939071271Categorical VariablesConsist of Nominal and Ordinal Variables
939071272Continuous VariablesConsist of Interval Scale and Ratio Scale
939071273Nominal VariableA type of categorical variable that has 2 levels (binary, like military vs. civilian) or 3+ levels (branches of the military)
939071274Ordinal VariableA type of categorical variable where categories have logical order (e.g. ranks in the navy)
939071275Interval ScaleA type of continuous variable in which there are equal distances between intervals (e.g. questionnaire ratings)
939071276Ratio ScaleA type of continuous variable in which there is an absolute zero point (e.g. height)
939116406CovarianceA measure of the degree of relationship between 2 variables (week 6, slide 60). H₀: Covariance in the population = 0 COVxy = (∑[X-Xbar][Y-Ybar])/(N-1)
939116407Correlation (r)A measure of the degree of relationship between two variables (week 6, slide 60), effect size measure. H₀:ρ = 0 (between -1 and +1) r = COVxy/SxSy
939116408Regression Coefficient (b)Slope of the regression line (week 6, slide 60). Change in y for a 1 unit change in x. Line passes through (Xbar, Ybar) and (0, a). When r = 0, b = 0. Beta coefficient = regression coefficient when x and y standardized. H₀: b* = 0 b = COVxy/Sx²
939116409Intercept (a)Predicted y when x = 0 (week 6, slide 60). H₀: a* = 0 a = Ybar - (b)Xbar A value often not of interest
939116410R Square (r²)% of Variability in the dependent variable (dv) that is accounted for by variability in the predictor variable (week 6, slide 60). H₀:ρ² = 0 r² = ssγbar/ssγ (Effect Size Measure) ADJUSTED r² is an UNBIASED ESTIMATOR. (ρ²)
939116411Standard Error of the Estimate***Do not need to know formula*** (week 6, slide 60) Measure of: -Degree to which points diverge from the regression line -Accuracy of prediction -Square root of error variance If the standard error of the estimate is ) = no errors of prediction/no residuals If the standard error of the estimate is LARGE = residuals are large
9391164121-Sample Z-Test***Do not need to know formula*** Compare 1 sample mean to known population mean µ₂ (also when population SD, σ, is known) (week 5, slide 4). H₀: µ₁ = µ₂ Example: Test if ACBC scores of 15 hospitalized children are different from population mean of 50 (σ = 10).
9391164131-sample (student) t-test***Do not need to know formula*** Compare 1 sample mean to known population mean (week 5, slide 4). Population mean µ₂ (but not σ) of comparison mean known. H₀: µ₁ = µ₂ Example: Test if PDI scores of 56 LBW infants are different from population mean of 100. Assumption: Score is normally distributed in the population
939116414Paired sample (student) t-test (WITHIN subject t-test)***Do not need to know formula*** Compare 2 sample means from same subjects. Population parameters are NOT KNOWN. H₀: µd = 0 (µ₁-µ₂ = 0) Example: Test of change in weight (difference scores) in 17 anorexics from pre- to post-family therapy. Assumption: Difference score is normally distributed in population.
939116415Independent-samples (Student) t-test (BETWEEN subject t-test)***Do not need to know formula*** Compare 2 sample means from different subjects. Population parameters are NOT KNOWN. H₀: µ₁ = µ₂ Example: Test if Caucasians in stereotype threat condition do worse than Caucasians in control condition on math problem. Notes: You need to use pooled variances for unequal population sizes. Assumptions: Normality σ1² = σ2² If σ1² ≠ σ2² use Satterthwaite t'test.
939134801Independent VariableWhat is manipulated by the experimenter, predictor variable or explanatory variables, IV
939134802Dependent variableWhat is measured, outcome variable or criterion variable, DV
939134803Random Assignment to Conditions(Week 1, slide 41) Is important because it ensures high internal validity. -Strength of study design -Ability to draw causal Inferences
939134804Internal Validity(Week 1, slide 37) A measure of how well a research study has been designed. High: We can draw strong causal inferences. Low: We cannot draw strong causal inferences.
939134805Random SAMPLE/SELECTION of Pariticipants(Week 1, slide 41) It is important because it ensures high external validity. -Whether study sample/s reflect population under investigation -Ability to state if results apply to population of interest
939134806External Validity(Week 1, slide 40) Whether sample/s reflects population. High: Sample representative of population - results likely generalize to population Low: Sample not representative of population - results may not generalize to (unsampled populations)
939134807Parametere.g. Mean favorable ratings in a POPULATION
939134808Statistics ("guesses")e.g. Mean favorable ratings in SAMPLE/S
939134809Population(Week 1, slide 44) Population characteristics = Parameters (Normally) Invisible to investigator Denoted by Greek letters (e.g.): µ (mu) = Population mean σ (sigma) = Population standard deviation ρ (rho) = correlation in the population
939134810SampleSample Characteristics = Statistics Visible to investigator Denoted by Roman letters (e.g.): M or Xbar = Sample mean SD or s = Sample standard deviation r = correlation in a sample
939134811Inferential StatisticsMaking inferences about POPULATION parameters
939134812Descriptive statisticsDescribing the SAMPLE/S, no reference to population parameters
939273963Normal DistributionLooks symmetrical, normal, unimodal
939273964Bimodal DistributionHas 2 humps
939273965Negatively SkewedMost of the data is on the right side (highest point) and very little to no data on the left side, i.e. tail points in the negative direction. Mean > Median > Mode
939273966Positively SkewedMost of the data is on the left side (highest point) and very little to no data on the right side, i.e. tail points in the positive direction. Mean < Median < Mode
939273967Platykurtic/Negative KurtosisKind of flat on the top, no one peak, flattest
939273968Leptokurtic/Positive KurtosisPointier than normal, peaky, a few points, pointiest
939273969Mesokurtic (Normal)In between Platykurtic and Leptokurtic, a normal peak
939273970Example of OutliersReaction time data
939273971ModeMeasure of central tendency, represents most common score
939273972MedianMeasure of central tendency, represents the middle number (N is odd) or the average of two middle numbers (N is even). MEDIAN LOCATION = (N+1)/2 Unbiased, resistant estimator.
939273973MeanMeasure of central tendency, average score Unbiased, sufficient, and efficient estimator.
939273974RangeMeasure of variability or dispersion, it is the distance from the lowest to the highest score
939273975VarianceMeasure of variability or dispersion, it is the standard deviation squared. Summation of the squared differences of X from Xbar divided by (N-1) sx² Doesn't have a natural interpretation. Always greater than the standard deviation but less than the sums of squares.
939273976Standard DeviationMeasure of variability or dispersion, it is the square root of the variance. Square root of(Summation of the squared differences of X from Xbar divided by (N-1)). Average deviation from the mean. sx. Always less than the variance and sums of squares.
939273977Skew(Mean-Median)/SD Measure of asymmetry of distribution Positive = right-tailed Negative = left-tailed
93927397895% Confidence IntervalThis is a sample statistic. We don't know what the true mean is. This means that we have 95% confidence that the true mean, the population mean, likely lies between x and y.
939273979Properties of Estimator of Population ParametersSufficiency, Unbiasedness, Efficiency, Resistence
939273980Why is the mean the predominant measure of central tendency?The mean has an equation. It is influenced by outliers, so on the point of resistance it doesn't do too well. IT is sufficient because everything has a part in computing the mean. The mean is efficient because it is likely that the population mean will be similar to the sample mean. The SD of the mean is smaller than it is for the medians so it is more efficient. Unbiasedness (both mean and median are unbiased)- the grand mean of the population, the sample mean is a good estimate of the population mean. If you sample n=5 10,000 times, the distribution of those means will be normal and the mean of those means will be exactly the same as the population mean. The distribution of the means sampled is the standard error.
939273981SufficiencyMakes use of all data
939273982UnbiasednessExpected value = population parameter
939273983EfficiencySamples cluster tightly around parameter
939273984ResistanceNot influenced by outliers.
939273985OutlierWeek 1, Slide 140 Often observations > ± SDs from the mean. May reflect processes not under investigation.
939273986KurtosisWeek 1, slide 140 Measure of "peakedness" of distribution. Positive = pointy, negative = flat
939273987Trimodal3 peaks in a distribution
939581300Mean = Median0 skew
939581301Mean > MedianPositive Skew
939581302Normal Distribution / "Bell-Shaped Curve"Unimodal (1 peak), Symetrical (skew = 0), Mesokurtic (kurtosis = 0), Mathematically defined (do not need to know) Gaussian distribution, There is an infinite number of normal distributions corresponding to different values of µ and σ.
939581303Standard Normal Distributionµ = 0, σ = 1
939581304Standard Scores(Week 2, slide 43) = z scores = z values. Indicates how many standard deviations an observation is above or below the mean. The unit of measurement of the z-score is the standard deviation. Z score of +1 = score 1 SD above the mean Z score of +0.5 = score half a standard deviation above the mean Z score of -1 = score 1 SD below the mean Z score of -0.5 = score half a standard deviation below the mean Z score for population data = z = (X-µ)/σ Z score for sample data = z = (X-Xbar)/sx
939648546Why is the normal distribution so important?-Many variables appear normally distributed -If variable normal, can make many inferences about values of variable -Many statistical procedures assume scores are normally distributed in the population
939648547Tests for normality-Eyeballing -Quantile-Quantile Plots (normal sample will have a close to straight line, y=x, non-normal sample will have large deviations from a straight line) -Kolmogorov-Smirnov Test (If significance is greater than 0.05, then we can assume normality) If Normal --> Use "parametric test" If NOT normal --> Use "distribution-free" test, use transformation
939648548T-statistics and the null hypothesisThe t-value is distributed around 0 when the null hypothesis is true. When null is true, it is unlikely to get a t value much bigger or smaller than 0.
939648549Steps in Hypothesis Testing-State Alternative/Research Hypothesis -State Null Hypothesis -Collect data -Construct/consult sampling distribution of a particular statistic on the assumption that H0 is true Compare obtained sample statistic to distribution above Decision: Reject H0 or Do not reject H0 based on the probability of observing a sample statistic at least as extreme as the one obtained if the null hypothesis were true (p value)
939648550Ronald FisherIn hypothesis testing -Sampling distributions -Hypothesis Testing & p value -Design of experiments -ANOVA
939648551Karl PearsonIn hypothesis testing -Pearson's Correlation Coefficient (r) -Pearson's Chi Square Statistic
939648552P value(Week 2, slide 90) "The probability of obtaining a pattern of data at least as extreme as the one that was actually observed, given that the null hypothesis is true" -Probability -Varies between 0 and 1 -Appears in virtually every empirical study in science -Conditional probability: p(D|H0) -Widely misunderstood -NOT the probability that the null hypothesis is true (it is NOT p(H0|D))
939648553If we reject H0...We accept the alternative hypothesis (H1) (μ1 ≠ μ2)
939648554If we Do not reject H0Fisher - Suspend judgment
939648555H0 is true, Reject H0(1) Type 1 error, α (alpha)
939648556H0 is false, Reject H0(2) Correct Decision, 1 - β Power = 1 - β
939648557H0 is true, Do not reject H0(3) Correct Decision, 1 - α
939648558H0 is false, Do not reject H0(4) Type II Error, β
939648559α (alpha)Set by the experimenter (normally to 0.05) before data collection, probability of a type I error. Probability of (incorrectly) rejecting H₀ given that H₀ is true (conditional probability).
939648560How do you find the number of significant findings when the null is true?Multiple trials/simulations by p value to get the approximate number of significant findings.
939648561βA function of a particular alternative hypothesis, the probability of a type II error. The probability of (incorrectly) failing to reject H₀ when a particular alternative is true (and H₀ is false) (conditional probability).
939648562PowerProbability of correctly rejecting a false H₀ when a particular alternative hypothesis is true. Power = 1 - β, a/k/a Type II Error
939648563In "real" experiments, i.e. when the true state of the world is not known...If we reject H₀ we do not know if we have made a Type II error or a Correct decision.
9396485641-Tailed TestsDetermined by the experimenter prior to data collection, Strong directional hypothesis (e.g. µ1 > µ2) - Reject H₀ only if difference is in one particular direction. If strong directional hypothesis and no reason to suspect the effect can go in the opposite direction, then 1-tailed can be used. Divide p value by 2 to to get 1-tailed p value.
9396485652-Tailed TestsReject H₀ if difference goes in either direction. Determined by the experimenter prior to data collection. It is preferred. Ordinarily from SPSS. Represents double the 1-tailed value.

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