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ECON 2 econ 2

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  • Top Course Tags

    Great Intro to the Subject

    Many Small Assignments

    Participation Counts

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  • 20 terms

    Term:

    market

    Definition:

    a group of buyers and sellers of a particular good or service.

    • Chapter 4: The Market Forces of Supply and Demand
    • 20 terms
    • Vocabulary for Chapter 4: The Market Forces of Supply and Demand. Find, create, and access Economics, Supply And Demand flashcards with Course Hero.
  • 24 terms

    Term:

    money

    Definition:

    the set of assets in an economy that people regularly use to buy goods and services from other people.

    • Chapter 16: The Monetary System
    • 24 terms
    • Vocabulary for Chapter 16: The Monetary System. Find, create, and access Economics, Monetary Policy, Federal Reserve System flashcards with Course Hero.
  • 14 terms

    Term:

    labor force

    Definition:

    the total number of workers, including both the employed and the unemployed.

    • Chapter 15: Unemployment
    • 14 terms
    • Vocabulary for Chapter 15: Unemployment. Find, create, and access Economics, Unemployment, flashcards with Course Hero.
  • 13 terms

    Term:

    financial system

    Definition:

    the group of institutions in the economy that help to match one person's saving with another person's investments.

    • Chapter 13: Saving, Investment, and Financial Systems
    • 13 terms
    • Vocabulary for Chapter 13: Saving, Investment, and Financial Systems. Find, create, and access Finance, Economics, Financial systems, flashcards with Course Hero.
  • 12 terms

    Term:

    finance

    Definition:

    the field that studies how people make decisions regarding the allocation of resources over time and the handling of risk.

    • Chapter 14: The Basic Tools of Finance
    • 12 terms
    • Vocabulary for Chapter 14: The Basic Tools of Finance. Find, create, and access Economics, Interest Rates, bank account flashcards with Course Hero.
  • 6 terms

    Term:

    consumer price index(CPI)

    Definition:

    a measure of the overall cost of the goods and services bought by a typical consumer.

    • Chapter 11: Measuring the Cost of Living
    • 6 terms
    • Vocabulary for Chapter 11: Measuring the Cost of Living. Find, create, and access Economics, Inflation, Consumer price index, flashcards with Course Hero.
  • 10 terms

    Term:

    microeconomics

    Definition:

    the study of how households and firms make decisions and how they interact in markets.

    • Chapter 10: Measuring a Nation's Income
    • 10 terms
    • Vocabulary for Chapter 10: Measuring a Nation's Income. Find, create, and access Economics, Macroeconomics, gross domestic product flashcards with Course Hero.
  • 7 terms

    Term:

    productivity

    Definition:

    the quantity of goods and services produced from each unit of labor input.

    • Chapter 12: Production and Growth
    • 7 terms
    • Vocabulary for Chapter 12: Production and Growth. Find, create, and access Economics, Science, Production and Growth, labor input flashcards with Course Hero.

econ 2 Advice

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    • Profile picture
    Dec 05, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    I would definitely recommend taking this course! The professor is great at teaching! He clarifies any and all confusions/questions we may have. The course is pretty interesting as well.

    Course highlights:

    The highlights of this course for me was the mini episodes of Futurama and Family Guy that he would show. They did relate to the course obviously. Also, I enjoyed discussing the Top Hat questions. I learned a lot about mpc while going over these questions.

    Hours per week:

    3-5 hours

    Advice for students:

    In order to succeed, always attend lecture and participate!! It truly helps a lot. Also, attend office hours if you are able to.

    • Fall 2016
    • Matthew Lang
    • Yes
    • Great Intro to the Subject Many Small Assignments Participation Counts
    • Profile picture
    Jan 16, 2016
    | Would recommend.

    Pretty easy, overall.

    Course Overview:

    Very rude man---he makes totally unnecessary comments to the class.

    Course highlights:

    He makes off the wall jokes that are not even related to the subject at hand.

    Hours per week:

    9-11 hours

    Advice for students:

    DO NOT TAKE HIM because you will be wasting you money.

    • Summer 2014
    • Mahalingam

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