Macroeconomics
The total market value of all final goods and services produced within a country in a given period.
What is Gross Domestic Product (GDP)?
This principle states that people face trade-offs because resources are limited.
What is scarcity?
The two economics midterms that are going on right at this moment.
What is Econ 1 and Econ 100A?
The name of the BER department that is in charge of a long term research project.
What is empirical analysis?
When the money supply increases too quickly, THIS may result.
What is inflation?
This term describes the strategy of charging different prices to different groups for the same good.
What is price discrimination?
The Berkeley professor who won the Nobel Prize in economics in 2021.
Who is David Card?
The number of members in the UEA general slack.
What is 750? (+/- 50 members)
The decrease in private investment due to increased government borrowing.
What is crowding out?
The profit maximizing condition for input usage.
What is MR = MC?
The name of the professor teaching ECON 100B this semester.
Who is Mina Mirazimi?
The location of BEA retreat for the Fall 2024 semester.
What is Lake Shasta?
Private and public savings available for borrowing to support investment in research, housing, plant, equipment and inventories.
What are loanable funds?
This problem occurs when individuals benefit from a public good without contributing to its cost.
What is a free rider problem?
The percentage of undergraduate economics majors that identify as women.
What is 45%?
The consulting group founded by UEA members.
What is Nova?
This global economic institution provides loans to countries in financial distress.
What is the International Monetary Fund?
A good for which demand increases as its price increases is known as this.
What is a Giffen good?
The room number of the Berkeley Economics Undergraduate Advising Office.
What is 539 Evans Hall?
The first BER social of this semester.
What is the BER.B.Q?