Economics Lecture Notes
Two-page chapter lectures notes, chapter questions with answers,
supplements, videos, and tests with reviews. 11/11/24

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2024 Economy update
 

Macroeconomic
Economic Activity
Basics, Total Activity, Managing Activity

Microeconomic
How Demand and Supply Affect
Price, Product and Factor Markets
Government, Capitalism, and  Our Mixed Economy

Introduction

Basics Economics
1) Economics Defined
2) Economizing Scarce Resources
3) Market System Capitalism
4) Demand and Supply
5 Economic Questions
6) Government's Economic Functions
7) Market System Participants

Class Discussion Answers

one-page
printable chapter summaries

Basics 1
Basics 2
Basics 3
Basics 4
Basics 5
Basics 6
Basics 7

Test Review Notes 1

Introduction

19) Demand Elasticity Affects Revenue
20) Consumer Behavior Theory
21) How Cost of Production Affects Supply
22) Analyzing Profit

 Class Discussion Answers

Affects 19
Affects 20
Affects 21
Affects 22

Micro Test Review 1

Total Economic Activity
Prelude: Macroeconomics Overview

8) Measuring Total Economic Activity   
9) The Business Cycle
10) Macro Equilibrium
11) Competing Macro Theories
12 Keynesian View Expanded
13 Money, Banking,  Money Creation

Total 8
Total 9
Total 10
Total 11
Total  12
Total 13
Review Notes 2

Product and Factor Markets
Overview
23) Pure Competition
24) Monopoly
25) Monopolistic Competition
26) Oligopoly

   27) Demand: Economic Factors
28) Wage Determination
29) Rent, Interest, and Profit

Markets 23
Markets 24
Markets 25
Markets 26

Markets 27
Markets 28
Markets 29
Test Review Notes 2

Manage 14
Manage15
Manage 16
Manage 17
Manage 18

Government, Capitalism, Mixed Economy
30) Public Goods When Markets Fail
31) Market Based Externalities
32) Antitrust/Government Regulation
33) Distributing Income

Class Discussion Answers

Mixed 30
Mixed 31
Mixed 32
Mixed 33

Test Review Notes 3

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