AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Economic theories

Economics Notes

Subject: 
Economics
Rating: 
0
No votes yet
SocialTags: 
Behavior
Economics
Economic theories
Scarcity
Human behavior
Value theory
Resource
Attachment theory
Social science
Business
Tags: 
economics
Economic theories
Consumer theory
Marginal concepts
Microeconomics
Welfare economics
Supply and demand
Marginalism
Production–possibility frontier
Marginal utility
demand
Externality
Business

Crowding Out - is what happens when a mega sports event attracts fanatics but drive agnostics away Substitution - when consumers shift their spending, instead of increasing their overall consumption Leakage - the tendency for money to circulate out of rather than through a local economy Economics - Social science concerned with the efficient use of limited resources to achieve maximum satisfaction of economic wants (study of how individuals and societies deal with scarcity) What is economics? -science of scarcity (the condition in which our wants are greater than our limited resources) -since we are unable to have everything we desire, we must make choices on how we use our resources -in economics we will study the choices of individuals, firms and governments

AP Macroeconomics notes part 1

Subject: 
Economics
Rating: 
0
No votes yet
SocialTags: 
Economics
Macroeconomics
Inflation
Economic theories
Deflation
Economic growth
Full employment
Labor
Business

AP Macroeconomics Study Guide ? Version 1.00 I. Basic Economic Concepts Economic Goals 1. Economic growth ? produce more and better goods and services 2. Full employment ? suitable jobs for all citizens who are willing and able to work 3. Economic efficiency ? achieve the maximum production using available resources 4. Price-level stability ? avoid large fluctuations in the price level (inflation + deflation) 5. Economic freedom ? businesses, workers, consumers have a high degree of freedom in economic activities 6. Equitable distribution of income ? try to minimize gap between rich and poor 7. Economic security ? provide for those who are not able to earn sufficient income 8. Balance of trade ? try to seek a trade balance with the rest of the world

A Brief History of Economics

Subject: 
Economics
Rating: 
0
No votes yet
SocialTags: 
Economic theories
British people
English people
Keynesian economics
Economics
Macroeconomics
John Maynard Keynes
Tags: 
AP Economics
economic theory
Keynesian Economics
Karl Marx
John Maynard Keynes was a British economist whose ideas have greatly shaped modern macroeconomics, and indeed is credited as the father of all modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics. Keynesian Economics states that some microeconomic decisions may lead to macroeconomic inefficiencies. In other words, if a small economy such as Arizona’s real estate market slips, it could cause the large economy it is a part of, the economy of the United States, to wane. Several branches of Keynesian Economics are used today. Adam Smith’s economic theory basically states that as long as people act in their own self interest, the economy will remain stable to its highest efficiency.
Subscribe to RSS - Economic theories

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!