Study guide spring 2014

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Study guide spring 2014

  1. 1. Spring 2014 Economics Final Almost everything is also at: http://www.investopedia.com/ & http://tutor2u.net/ You are allowed to use a 1 page of notes, front and back, HANDWRITTEN Micro topics: Finance & investing topics: Opportunity cost Bull Market Equilibrium price Bear Market Supply/demand graphs Dow Jones PEST Mutual Funds TRIBE Gov Bonds +/- supply shifts Investment Risk +/- demand shifts liquidity Entrepreneurs FDIC Price ceilings effect on an economy Roth IRA Compliments Traditional IRA Substitutes Federal Reserve Chairman duties Normal goods Fed interest rate changes (Why up or down?) Inferior goods Money supply Sole proprietorship Macro topics: Corporation GDP per capita Partnership GDP & formula Liability Black market? Inelastic/elastic demand Inflation Pricing power Comparative Adv. Perfect competition Net exports Oligopoly Unemployment rates Monopolistic competition 4 unemployment types Monopoly Discouraged workers Government monopoly Recession Technological monopoly prosperity Geographic monopoly skilled vs. unskilled labor Price discrimination deflation Spring 2014 Economics Final Almost everything is also at: http://www.investopedia.com/ & http://tutor2u.net/ You are allowed to use a 1 page of notes, front and back, HANDWRITTEN Micro topics: Finance & investing topics: Opportunity cost Bull Market Equilibrium price Bear Market Supply/demand graphs Dow Jones PEST Mutual Funds TRIBE Gov Bonds +/- supply shifts Investment Risk +/- demand shifts liquidity Entrepreneurs FDIC Price ceilings effect on an economy Roth IRA Compliments Traditional IRA Substitutes Federal Reserve Chairman duties Normal goods Fed interest rate changes (Why up or down?) Inferior goods Money supply Sole proprietorship Macro topics: Corporation GDP per capita Partnership GDP & formula Liability Black market? Inelastic/elastic demand Inflation Pricing power Comparative Adv. Perfect competition Net exports Oligopoly Unemployment rates Monopolistic competition 4 unemployment types Monopoly Discouraged workers Government monopoly Recession Technological monopoly prosperity Geographic monopoly skilled vs. unskilled labor Price discrimination deflation 50 multiple choice questions 50 multiple choice questions

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