1st Edition
ECON 201: Intro Economics: Survey Course
School: University of Tennessee (UT Knoxville )
-
Pages: 4Includes a brief recap of taxes and determining whether tax burden falls on buyers or sellers; also introduces welfare economics, including consumer and producer surplus. -
Pages: 3An introduction to prices, how the government controls them, how price controls affect the market, rationing mechanisms, and taxes. -
Pages: 4Notes include a brief introduction to consumer theory and producer theory as well as types of costs and profits. Also highlights the four different types of market structures and their characteristics. -
Pages: 6Notes include an overview of equilibrium as well as the factors that can affect a supply and demand curve. It also demonstrates how to assess equilibrium price and quantity if there are multiple factors influencing the curve. -
Pages: 6These notes focus on the supply side of supply and demand, including the definition of supply, the difference between a market supply and an individual supply, and factors that can shift the supply curve. -
Pages: 5A brief review of comparative advantage as well as an introduction to supply and demand. Includes assumptions of supply and demand, the law of demand, satisfaction, and factors that shift the demand curve. -
Pages: 3A review of the importance of trade in an economy as well as questions about the trade industry. Includes example problems about absolute and comparative advantage. -
Pages: 5Introduction to trade and its importance in an economy; includes a sample problem of trade and how it relates to PPF. -
Pages: 6Further information on the PPF and how it relates to opportunity cost and economic growth. Also includes the two types of efficiency. -
Pages: 3An introduction to opportunity cost and the production possibilities frontier, including an example model of the latter with a table and a graph. -
Pages: 3A definition of economic freedom and trend analysis as well as information on using models to represent an economy. Discusses the elements and assumptions of the circular flow model and includes a diagram. -
Pages: 2An introduction to economics that includes the three types of economic systems and how to manage scarce resources.