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Economics
Microeconomics, macroeconomics, finance, and econometrics
Topics
Microeconomics
Supply and demand, elasticity, market structures, game theory
Macroeconomics
GDP, inflation, unemployment, fiscal and monetary policy
International Trade
Comparative advantage, tariffs, exchange rates, trade agreements
Behavioral Economics
Cognitive biases, prospect theory, nudge theory
Public Finance
Taxation, government spending, public goods, externalities
Development Economics
Poverty, inequality, growth models, institutions
Flashcards
Card 1
What is GDP?
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Answer
Gross Domestic Product - total value of goods and services produced
Card 2
What is inflation?
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Answer
A general increase in prices and fall in purchasing value of money
Card 3
What is supply and demand?
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Answer
The relationship between availability of a product and desire for it
Quick Quiz
Q1: What happens to demand when price increases (normal goods)?
Quiz Complete!