About This Chapter
Studying for Economics 101 - Summary
Studying for Economics 101 has never been easier thanks to the fun flashcard sets in this chapter. Sidestep the process of creating your own flashcards and use ours to enjoy a entertaining studying experience from your computer, smartphone or tablet. Discover new and exciting economics concepts by flipping through each flashcard, or choose some sets to review if you want to simply refresh your existing knowledge of specific topics. After completing this chapter, you should have a quality understanding of topics that include:
- Accounting and economic costs and profits
- Business structures, technology, research, development and barriers to entry
- Microeconomics and consumer behavior
- Costing, market structures, monopolies and elasticity in economics
- Government issues and producers in microeconomics
- Microeconomics and government regulation
- Regulatory agencies, scarce economic resource markets and trade barriers
- Economics basics
How They Work
Flashcard sets in this chapter enable you to review Economics 101 concepts in repetition to fully absorb important details while simultaneously practicing your memorization skills.
- Open a flashcard set for the economics topic you're studying.
- Identify the image, word, name or event on the flashcard.
- Click the button to flip the card and view the answer.
- Select whether you got it right or missed it to keep track of your progress.
- Click the Next arrow to proceed through the flashcard set.
- Review the cards you missed or shuffle all cards back in and go through them again.
Introduction to Microeconomics Flashcards
This set of flashcards can make reviewing basic information about microeconomics easy. You'll be able to focus on the effects of scarcity and different kinds of competition.
Supply & Demand in Microeconomics Flashcards
Check out information about how the importance of supply and demand in microeconomics with this set of flashcards. You can go over the supply curve and the demand curve with these cards.
Elasticity in Economics Flashcards
Focus on reviewing the economic concept of elasticity by checking out this set of flashcards. You can go over different types of goods and how elasticity relates to supply and demand.
Trade Barriers Flashcards
Focus on the trade barriers that can be present in economic systems with the flashcards in this set. You can look at how these barriers developed and consider some of their effects.
Understanding Economics Flashcards
This set of flashcards can help you review basic information about economics. You can consider microeconomics, macroeconomics and the assumptions made by economists.
Consumer Behavior & Microeconomics Flashcards
You can focus on the importance of consumer behavior in microeconomics with this set of flashcards. Look at how consumers make purchasing choices and review different economic effects.
Costing in Economics Flashcards
Working with this set of flashcards can provide you with the chance to review costing in economics. You can also go over the different costs associated with the production of goods.
Producers in Microeconomics Flashcards
You can focus on information about producers in microeconomics with this set of flashcards. Go over different kinds of production and the costs associated with this process.
Business Structures & Barriers to Entry Flashcards
You'll be able to review information about barriers to entry into the business market with this set of flashcards. These cards also go over different business structures that are available.
Accounting & Economic Costs Flashcards
Using this set of flashcards can help you review different economic costs. You'll also be able to focus on some basic information about the process of accounting.
Accounting & Economic Profits Flashcards
You can work with this set of flashcards to review both economic profit and accounting profit. The factors that affect different kinds of profit will also be covered by these cards.
Market Structures in Economics Flashcards
Accessing this set of flashcards can give you the opportunity to review some common market structures found in economics. You can go over free markets, command systems and more.
Monopolies in Economics Flashcards
Go over important facts regarding monopolies by checking out this set of flashcards. These cards focus on different types of monopolies and why some of these institutions are allowed.
Scarce Economic Resource Markets Flashcards
Resource markets and their purpose will be reviewed by the flashcards in this set. You'll also find cards that focus on different kinds of scarce economic resources.
Business Technology, Research & Development Flashcards
Access this set of flashcards for a quick way to review the technologies used by businesses. You can also focus on the uses of research and development.
Government Issues in Microeconomics Flashcards
You'll be able to focus on reviewing the governmental issues that influence microeconomics with these flashcards. Go over taxes and other ways that the government affects economics.
Government Regulation & Microeconomics Flashcards
Focus on the ways that government regulation relates to microeconomics with this set of flashcards. You can look at different kinds of regulations and also the process of deregulation.
Regulatory Agencies Flashcards
Check out this set of flashcards to go over the importance of regulatory agencies. Get familiar with some of the agencies operating in the U.S. and how they fulfill their purposes.
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Other chapters within the Economics 101: Principles of Microeconomics course
- Introduction to Microeconomics
- Supply and Demand in Microeconomics
- Consumer Behavior & Microeconomics
- Producers in Microeconomics
- Business Structures & Barriers to Entry
- Accounting & Economic Costs
- Market Structures in Economics
- Scarce Economic Resource Markets
- Business Technology, Research & Development
- Government Issues in Microeconomics