Name an Economist
Who started the field of economics by studying how nations build wealth?
Adam Smith
What field of economics studies individuals and firms?
Mircoeconomics
What describes resources as studied in economics?
Scarce
What school of thought is defined by the supply and demand model?
Neoclassical
What is considered the most prestigious award in economics?
Nobel Prize in Economics
Who was important in creating macroeconomics as a distinct field?
John Maynard Keynes
What field of economics studies the economy as a whole?
Macroeconomics
What are the two general things that determine prices?
Supply and demand
What is the school of thought named after John Maynard Keynes?
Keynesian
What firm at Whitewater "provides research services for area business, non-for-profit organizations, and government entities"?
FERC
Who was credited for creating Marxian economics?
Karl Marx
What field of economics is known for using statistics for economic data?
Econometrics
What is it called when additional satisfaction gained from consuming more then decreases as consumption increases?
Diminishing Marginal Utility
What school of thought is Adam Smith and David Ricardo part of?
Classical
What is the central bank of the USA?
Federal Reserve
Who was the one of the most popular economists in the 20th century who won the Nobel Prize in Economics for his contributions in Monetarism?
Milton Friedman
What field of economics studies how government impacts the economy?
Public
What is it called when a market is controlled by two firms?
Duopoly
What is a school of thought named after a university in the midwest?
Chicago
What Federal Reserve district is UW-Whitewater located in?
Chicago
Which Nobel Prize-winning economist is also known for being a columnist at the New York Times?
Paul Krugman
What field of economics is most associated with the most recent winners of the Nobel Prize in Economics?
Institutional
What is an informal way to measure the purchasing power parity between two currencies for a specific good?
Big Mac Index
What school of thought that includes a Nobel Prize winner is named after a European country?
Austrian
Who is the head of the UWW economics department?
Dr. Yamin Ahmad