Economists
This economist wrote The Communist Manifesto with Friedrich Engels and developed the theory of class struggle.
Karl Marx
The law of this states that as the price of a good increases, the quantity demanded decreases, and vice versa.
Demand
Number of committees that Penn UES currently has
5
This U.S. president and real estate mogul earned his undergraduate degree from Penn’s Wharton School in 1968.
Donald Trump
The name for the event at midnight on the eve of the first Microeconomics 001 Midterm exam, where hundreds of students release stress.
This Scottish economist is known as the "Father of Economics" and wrote The Wealth of Nations.
Adam Smith
This term refers to the total value of all goods and services produced in a country within a year.
GDP
This is the year UES launched its Economics Almanac
2024
This billionaire and Penn graduate co-founded PayPal before going on to launch Tesla and SpaceX.
Elon Musk
This is what the acronym DRL stands for
David Rittenhouse Laboratory
This Nobel-winning economist developed game theory and is portrayed by Russell Crowe in the film A Beautiful Mind.
John Nash
This is the cost of the next best alternative that is given up when making a decision.
Opportunity Cost
These two committees merged in Penn UES this semester.
Events and Professional Development
This Penn alum and musician is known for hits like All of Me and Ordinary People and became the first Black man to achieve EGOT status.
John Legend
In 2023, which dining hall had the most health code violations on Penn's campus
Hill
This economist, known for Capitalism and Freedom, was a strong advocate of free markets and won the Nobel Prize in 1976.
Milton Friedman
This type of market structure has many buyers and sellers, identical products, and no barriers to entry.
Perfect Competition
One of the two presidents of the Undergraduate Economics Society LAST SEMESTER
Mo Foroutan OR Emily Hargis
This billionaire investor and Wharton graduate co-founded Apollo Global Management, one of the world’s largest private equity firms.
Marc Rowan
This is the meaning of Penn's motto, "Leges sine moribus vanae."
Laws without morals are useless.
This British economist developed the theory of Keynesian economics, advocating for government intervention in the economy during recessions.
John Maynard Keynes
This type of unemployment occurs when workers' skills do not match the jobs available in the economy.
Structural Unemployment
The year the first "Undergraduate Economics Society" was founded at Penn
1949
This 1947 Penn graduate and Nobel Prize-winning economist developed the Mean-Variance Portfolio Theory, a fundamental concept in modern investment strategy.
Harry Markowitz
Jon Huntsman Jr., whose family infamously built the Wharton School’s Huntsman Hall, served as the Governor of this state
Utah