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ECON 1102 Principles of Macroeconomics

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  • 50 terms

    Term:

    Incentives

    Definition:

    rewards and penalties that motivate behaviordefinition

    • Midterm One
    • 50 terms
    • Vocabulary for Midterm One. Find, create, and access flashcards with Course Hero.
  • 45 terms

    Term:

    Comparative Advantage

    Definition:

    the ability of a country to produce a good at lower opportunity cost than another countrydefinition

    • Midterm One (Lecture)
    • 45 terms
    • Vocabulary for Midterm One (Lecture). Find, create, and access flashcards with Course Hero.

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  • Top Course Tags

    Great Intro to the Subject

    Many Small Assignments

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    • Profile picture
    Jan 12, 2016
    | Would recommend.

    Not too easy. Not too difficult.

    Course Overview:

    Very informative and the concepts aren't very difficult to comprehend. And it provides a good idea for what happens on a day to day basis in the world, and how one economy can have a huge impact on economies around the globe.

    Course highlights:

    I enjoyed learning about how economies such as the United States and Japan, etc. can maintain an average growth even though we may be growing in a different way than a newly developing country.

    Hours per week:

    3-5 hours

    Advice for students:

    Be open minded to the different concepts, because they may seem a little bit confusing at first, but they all come together and make sense in the bigger picture.

    • Fall 2015
    • William Speigel
    • Yes
    • Great Intro to the Subject Many Small Assignments

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