Economic Concepts
This discipline studies the efficient distribution of scarce resources in the face of unlimited needs and wants.
What is economics or the study of economics?
This man is known as the "Father of Economics". He attended the University of Glasgow and wrote Wealth of Nations, first published in 1776.
Who is Adam Smith?
The beginning of this event is widely accepted to be October 29, 1929, better known as "Black Tuesday".
What is the Great Depression?
This is the newest building on campus.
What is the Engineering Lab Building (ELB).
This star antagonist from the Halloween movie franchise is best known for his white mask.
Who is Michael Myers?
What is the intersection of price and quantity?
Equilibrium
This English noble revolutionized economic thought with The General Theory in 1936.
Who is John Maynard Keynes?
This event was caused by excessive expansionary monetary policy based on the Phillips curve. Fed Chairman Paul Volcker ended this crisis with contractionary monetary policy.
What is the Great Inflation?
He is the sixth and current Chancellor of UM-Dearborn.
Who is Dr. Domenico Grasso?
Linus waits for this oversized winter squash in The Peanuts Halloween special film.
What is the Great Pumpkin?
What is an example of quantity demanded?
A consumer buys 2 apples each day.
Any change or movement along the demand curve.
This University of Michigan alumnus and former football center is the only U.S. President to never receive election to national office.
Who is Gerald Ford?
When and what was the Great Recession?
The Housing Crash
Lasted from December 2007 through June 2009
These are the four colleges of UM-Dearborn.
What are CASL, CECS, COB, and CEHHS?
You can call Peter Venkman, Raymond Stantz, and Egon Spengler from this 1984 film if there are any invisible men sleepin' in your bed.
What is Ghostbusters?
What is an example of quantity supplied.
When the price of pears are 75 cents, the quantity supplied is 150 oranges a week.
The Communist Manifesto written by this German economist posists that human society has developed through class conflict.
Who is Karl Marx?
This meeting was held in New Hampshire in July 1944 and it created the International Monetary Fund and a new system for fixed exchange rates to the U.S. dollar and gold.
What is the Bretton Woods Conference?
University of Michigan-Dearborn opened as the Dearborn Center of the University of Michigan in this year.
What is 1959?
This "Godfather of the Dead" is best known for pioneering the use of zombies in film.
Who is George A. Romero?
What are the four economic concepts
Scarcity, Supply and Demand, Costs and Benefits, and Incentives
This economics major holds a record for the most Super Bowl titles won with six rings to his name.
Who is Bill Belichick?
This company founded in 1602 undertook the world's first recorded initial public offering (IPO).
What is the Dutch East India Company?
UM-Dearborn sports teams compete in this athletics association.
What is the National Association of Intercollegiate Athletics (NAIA)?
This spectral dog leads Jack Skellington's sleigh in the hit film The Nightmare Before Christmas.
Who is "Zero"?