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Krugman AP Macro Economics Chapter 8

Subject: 
Economics
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Pricing
economics
Business
marketing
Price ceiling
Price floor
Economic shortage
Economic equilibrium
Supply and demand
Price controls
Economic surplus
Price
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
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?? Chapter 8: Supply and Demand: Price Controls (Ceilings and Floors) Price controls: legal restrictions on how high or low a market price may go, government action in economy price ceiling: a maximum price sellers are allowed to charge for a good or service price floor: a minimum price buyers are required to pay for a good or service. Assumption: the markets in question are efficient before price controls are imposed price controls in inefficient markets don?t necessarily cause problems and can potentially move the market closer to efficiency Price Ceilings ? Push Prices down Price Ceiling: suppliers have less incentive to offer apartments less of a good are produced Consumer have higher demand shortage of good

Krugman AP MacroEconomics Chapter 7

Subject: 
Economics
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economics
demand
Consumer theory
macroeconomics
Pricing
Supply and demand
Economic equilibrium
Economic surplus
Demand curve
supply
Quantity adjustment
AD-AS model
Politics
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
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Technology

?? Chapter 7: Supply and Demand: Changes in Equilibrium ? substitutes: if the price of good1 rises, the demand for good2 will increase if the price of good1 falls, the demand for good2 will decrease An increase in demand leads to a rise in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a fall in both the equilibrium price and the equilibrium quantity. Increase in demand: rightward shift of the demand curve market is no longer in equilibrium shortage: quantity demanded exceeds quantity supplied price rises increase in the quantity supplied upward movement along the supply curve new equilibrium When demand for a good or service increases, the equilibrium price and the equilibrium quantity of the

Krugman AP Macro Economics Chapter 6

Subject: 
Economics
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economics
Pricing
Terminology
demand
Consumer theory
Supply and demand
Economic equilibrium
supply
Demand curve
Economic surplus
Market clearing
Price
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology
Business

?? Chapter 6: Supply and Demand: Supply and Equilibrium ? quantity supplied actual amount of a good or service producers are willing to sell at some specific price the quantity that producers are willing to produce and sell depends on the price they are offered supply schedule shows how much of a good or service producers will supply at different prices works same as the demand schedule -,-l supply curve shows the relationship between quantity supplied and price law of supply says that, other things being equal, the price and quantity supplied of a good are positively related if price goes up, production of a good (quantity) goes up supply curves slope upward: the higher the price being offered, the more of any good or service producers are

Krugman AP Macro Economics Chapter 4

Subject: 
Economics
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economics
International trade
International economics
Economic theories
International relations
Comparative advantage
Gains from trade
Absolute advantage
The Wealth of Nations
Paul Krugman
human
David Ricardo
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology
Business

?? Chapter 4: Comparative Advantage and Trade Trade: people divide tasks among themselves and each person provides a good or service that other people want in return for different goods and services wanted Gains from Trade: dividing tasks allows for more people to get more of what they want Specialization: When gains from trade are caused by division of tasks Adam Smith?s (1776) The Wealth of Nations: 18th century pin factory where each person specializes in the production of one thing Production Possibilities: curve model is particularly useful for illustrating gains from trade based on comparative advantage Most important insights in all of economics is that there are gains from trade even if one of the trading parties isn?t especially good at anything

Krugman AP Macro Economics Chapter 3

Subject: 
Economics
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economics
Microeconomics
Costs
Production–possibility frontier
Economic efficiency
Inefficiency
Opportunity cost
Productive efficiency
Production theory
behavior
Human development
Computing
Computer file formats
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Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology
Business

? Chapter 3: The Production Possibilities Curve Model ? Trade-Off: when you give something up in order to have something else Production Possibilities Curve Model: simplified economy that only produces two goods, able to show trade-off?s more clearly, simplifies the complexities of reality inside/on the curve (shaded area): feasible outside the curve (shaded area): not feasible PPC= production possibilities curve Slope of a straight line production possibilities curve equal to the opportunity cost Outward shift: increase in resources of progress in technology Efficient: no missed opportunities, no way to make some people better off without making other people worse off

Krugman AP Macro Economics Chapter 2

Subject: 
Economics
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economics
inflation
business cycle
macroeconomics
Economic theories
unemployment
deflation
Great Depression
Recession
Monetary inflation
Labour economics
Full employment
Labor
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology

Chapter 2: Module Introduction to Macroeconomics ? Business Cycle: differences between downturns and upturns in macroeconomic Depression: Deep and prolonged downturn (ex: great depression) Recession: shorter economic downturns where output and employment are dropping (ex: state of the US now) Expansion: upturn where output and employment are rising Employment/Unemployment Employment: total number of people working for pay, rises in good economy Unemployment: total number of people who aren?t employed, rises in bad economy Labor Force: A country?s sum of employment and unemployment Unemployment Rate: percentage of labor force/people in country who are unemployed Aggregate Output Output: quantity of goods and services, decreases in bad economy

Krugman AP Macro Economics Chapter 1

Subject: 
Economics
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Marginal concepts
economics
Economic theories
Microeconomics
Costs
Marginalism
Value theory
Marginal utility
Labour economics
Marginal cost
Health economics
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology
Business

Chapter 1: The Study of Economics ? Economics: The study of scarcity and choice- individual choice Individual Choice: Decisions made by an individual of what to/not to do Economy: System that coordinates consumption and distribution of goods/services Market Economy: Decentralized production, publicly owned, no authority saying what to/not to make (ex: United States) Command Economy: Central authority, publicly owner, don?t work very well (ex: Soviet Russia) Problem: lack of motivation, better quality work doesn?t make more money, ineffective supply&demand Property rights: Establishes ownership causing incentive to work and thus production to increase Marginal Analysis: Study of marginal decisions, the pros and cons of doing a little bit more or less

global essay

Subject: 
World History
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Han Dynasty
Asia
Roman empire
china
Chinese culture
Ancient Rome
silk road
empire
Han Chinese
Religion in China
Economic history of China
Economy of the Han Dynasty
Business
behavior
Human development
Interpersonal relationships
Love
Psychoanalysis
Attachment theory
Ethology
Personal life
Technology

Ian Konrad 11-21-13 While Han China had a more centralized political structure than the Roman Empire, the political system of the Roman Empire was much more effective than Han China?s. Han China had a very similar economic system to the Roman Empire. The Roman Empire?s culture was borrowed from its neighbors, the Greeks, while Han China made much advancement in art and technology as well.

Why We're Wired to Binge-Watch TV

Subject: 
Psychology
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Social Psychology
Television in the United States
Television
Business
Empathy
Parasocial interaction
Hulu
Netflix
Ugly Betty
ABC Family
American Broadcasting Company
entertainment

Maia Regman Mrs. Magnan Biology Honors 15 March 2014 Why We're Wired to Binge-Watch TV In this generation of Netflix, Hulu, Amazon Prime Video, there are millions of people worldwide who spend hours watching entire seasons (or even series!) in one sitting. Whether it is in anticipation of an upcoming season or a newfound obsession, this practice is disarmingly very common. On demand programs are now must-haves for cable customers, and many search for torrents, full videos on Youtube or DVDs of seasons of their favorite shows. This has sparked many questions as to why millennials have this newfound fixation.

Tax issues and retirement planning

Subject: 
Economics
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Government bonds
Debt
Government debt
Local government in the United States
Municipal bond
economics
bonds
Bond
Public finance
Corporate bond
United States Treasury security
Credit rating agency
Business

M2A2 Eric Mackey Tax issues associated with Financial Planning Case Study: Bill Smith, a manager of a restaurant/bar in Los Angeles, is in the 25% marginal tax bracket and pays an additional 5% in taxes to the state of California. Bill has $20,000 invested in corporate bonds which is currently earning an average annual return of 7.5%. Additionally, Bill also has another $20,000 invested in municipal bonds from the city of Los Angeles that are being used to redevelop depressed areas downtown. These bonds pay an average return of 5.4%. Assume that in both cases, Bill earns the same returns as calculated on both the corporate and municipal bonds each year for the next 15 years. Area?s addressed: What is the after-tax return on Bill?s corporate bonds for the current year? $1,050

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