Danielle’s ECO 106 Archived Resources

Tips

Circular Flow Model

Can you fill out what’s missing from this diagram? Practice makes perfect!
Screen Shot 2015-01-20 at 6.34.48 PM

Production Possibilities Frontier

These are some awesome videos if you are having trouble understanding production possibilities.

Market Analysis

Below is a handy little introduction to Supply and Demand in a market.

Market Analysis (continued)

The first resource below is a guide to help you answer market analysis questions completely, label all parts of your graph correctly, and present your conclusions clearly. There are lots of components to remember!

Answering-Market-Analysis-Qs

Below is a handy and comprehensive study guide for supply and demand shifters.

644_shift-in-demand-curve

130_Factors shifting supply curve

Practice with some example problems below:

Screen Shot 2015-01-20 at 7.54.03 PMScreen Shot 2015-01-20 at 7.53.41 PM

Aggregate Market

Use this interactive graph to practice shifts in an aggregate market!

Money Multiplier & Reserve Ratio

Reserve Ratio: The fraction of deposits that banks hold as reserves

Money Multiplier: The amount of money the banking system generates with each dollar of reserves (reciprocal of RR)

Practice with these example problems:

[box]

  1. RR = 5%, Change in reserves = $10 billion. MM = ______ ; Change in MS = _________
  2. RR = _______, Change in reserves = −$1,000. MM = 5 ; Change in MS = _________
  3. RR = 100%, Change in reserves = $10 billion. MM = ______ ; Change in MS = ________  [/box]

Videos and Handouts

Midterm Study Guide