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Lernmaterialien für Economics an der accadis Hochschule

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Economics Kurs an der accadis Hochschule zu.

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Broad money
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Amount of money that is currently circling around the world
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What are economic models for 
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  • to reduce the complexity 
  • the economy ist extremely complex - to understand aspects of it

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Theoretical economists 

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  • Make the world more understandable by making a lot of assumptions 
  • use mathematics to derive solutions 
  • their models work like roadmaps 
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Microeconomics
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The study of the economic problems of businesses and people and the way particular parts of an economy behave 
+ the analysis of choices economic actors make 
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Macroeconomics 
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The study of the financial and economic systems of a country or an industry + bird´s eye view of the (national) economy
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What are incentives matter
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Rewards and penalties that Motive human behavior 
people respond in predictable ways 
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What does „good institutions align self-interest with social interest mean“?
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When markets work well, individuals pursuing their own interest also promote social interest— the market is Led by an „invisible hand“

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What can the government change when the markets do not work well?
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when markets do not work well, the government can change incentives with taxes, subsides or regulations 
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What is a “trade-off“?
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A trade-off is a kind of compromise that involves giving up something in return for getting something else.
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Scarcity 

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A resource is scarce when there isn’t enough to satisfy all our wants
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What does „thinking on the Margin“ mean?
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We make choices by considering the benefits and costs of a little more or a little less
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What are Margial choices?
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marginal cost, marginal revenue and marginal tax rates
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  • 8618 Karteikarten
  • 243 Studierende
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Beispielhafte Karteikarten für deinen Economics Kurs an der accadis Hochschule - von Kommilitonen auf StudySmarter erstellt!

Q:
Broad money
A:
Amount of money that is currently circling around the world
Q:
What are economic models for 
A:
  • to reduce the complexity 
  • the economy ist extremely complex - to understand aspects of it

Q:
Theoretical economists 

A:
  • Make the world more understandable by making a lot of assumptions 
  • use mathematics to derive solutions 
  • their models work like roadmaps 
Q:
Microeconomics
A:
The study of the economic problems of businesses and people and the way particular parts of an economy behave 
+ the analysis of choices economic actors make 
Q:
Macroeconomics 
A:
The study of the financial and economic systems of a country or an industry + bird´s eye view of the (national) economy
Mehr Karteikarten anzeigen
Q:
What are incentives matter
A:
Rewards and penalties that Motive human behavior 
people respond in predictable ways 
Q:
What does „good institutions align self-interest with social interest mean“?
A:
When markets work well, individuals pursuing their own interest also promote social interest— the market is Led by an „invisible hand“

Q:
What can the government change when the markets do not work well?
A:
when markets do not work well, the government can change incentives with taxes, subsides or regulations 
Q:
What is a “trade-off“?
A:
A trade-off is a kind of compromise that involves giving up something in return for getting something else.
Q:
Scarcity 

A:
A resource is scarce when there isn’t enough to satisfy all our wants
Q:
What does „thinking on the Margin“ mean?
A:
We make choices by considering the benefits and costs of a little more or a little less
Q:
What are Margial choices?
A:
marginal cost, marginal revenue and marginal tax rates
Economics

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