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Concept List

This file contains 200 concepts for the Introduction to Economics learning graph.

Foundations of Economics (1-18)

  1. Economics
  2. Scarcity
  3. Opportunity Cost
  4. Trade-offs
  5. Marginal Analysis
  6. Incentives
  7. Rational Decision Making
  8. Economic Models
  9. Positive Economics
  10. Normative Economics
  11. Microeconomics
  12. Macroeconomics
  13. Market Economy
  14. Command Economy
  15. Mixed Economy
  16. Factors of Production
  17. Production Possibilities
  18. Efficiency

Demand and Supply (19-45)

  1. Demand
  2. Law of Demand
  3. Demand Curve
  4. Change in Demand
  5. Determinants of Demand
  6. Normal Goods
  7. Inferior Goods
  8. Substitute Goods
  9. Complementary Goods
  10. Supply
  11. Law of Supply
  12. Supply Curve
  13. Change in Supply
  14. Determinants of Supply
  15. Market Equilibrium
  16. Equilibrium Price
  17. Surplus
  18. Shortage
  19. Price Mechanism
  20. Price Ceiling
  21. Price Floor
  22. Elasticity
  23. Price Elasticity of Demand
  24. Elastic Demand
  25. Inelastic Demand
  26. Consumer Surplus
  27. Producer Surplus

Consumer and Producer Theory (46-60)

  1. Utility
  2. Marginal Utility
  3. Diminishing Marginal Utility
  4. Consumer Choice
  5. Budget Constraint
  6. Production Function
  7. Marginal Product
  8. Diminishing Returns
  9. Marginal Revenue
  10. Marginal Cost
  11. Average Total Cost
  12. Fixed Costs
  13. Variable Costs
  14. Economies of Scale
  15. Profit Maximization

Market Structures (61-80)

  1. Market Structure
  2. Perfect Competition
  3. Price Taker
  4. Monopoly
  5. Natural Monopoly
  6. Price Maker
  7. Oligopoly
  8. Monopolistic Competition
  9. Product Differentiation
  10. Barriers to Entry
  11. Market Power
  12. Market Failure
  13. Externalities
  14. Negative Externality
  15. Positive Externality
  16. Public Goods
  17. Free Rider Problem
  18. Common Resources
  19. Tragedy of the Commons
  20. Deadweight Loss

Government and Markets (81-92)

  1. Government Intervention
  2. Taxes
  3. Subsidies
  4. Pigouvian Tax
  5. Regulation
  6. Antitrust Policy
  7. Property Rights
  8. Market Efficiency
  9. Equity
  10. Efficiency vs Equity
  11. Tax Incidence
  12. Welfare Economics

Measuring the Economy (93-112)

  1. Gross Domestic Product
  2. GDP Calculation
  3. Nominal GDP
  4. Real GDP
  5. Per Capita GDP
  6. Economic Growth
  7. Standard of Living
  8. Unemployment
  9. Unemployment Rate
  10. Labor Force
  11. Frictional Unemployment
  12. Structural Unemployment
  13. Cyclical Unemployment
  14. Inflation
  15. Consumer Price Index
  16. Inflation Rate
  17. Deflation
  18. Purchasing Power
  19. Business Cycle
  20. Recession

Money and Banking (113-125)

  1. Money
  2. Functions of Money
  3. Medium of Exchange
  4. Store of Value
  5. Fiat Money
  6. Money Supply
  7. Banks
  8. Fractional Reserve Banking
  9. Federal Reserve
  10. Central Bank
  11. Interest Rates
  12. Open Market Operations
  13. Quantitative Easing

Economic Policy (126-142)

  1. Fiscal Policy
  2. Government Spending
  3. Taxation
  4. Budget Deficit
  5. National Debt
  6. Expansionary Fiscal Policy
  7. Contractionary Fiscal Policy
  8. Monetary Policy
  9. Expansionary Monetary Policy
  10. Contractionary Monetary Policy
  11. Aggregate Demand
  12. Aggregate Supply
  13. Multiplier Effect
  14. Crowding Out
  15. Stagflation
  16. Phillips Curve
  17. Policy Trade-offs

International Economics (143-155)

  1. International Trade
  2. Exports
  3. Imports
  4. Trade Balance
  5. Absolute Advantage
  6. Comparative Advantage
  7. Specialization
  8. Tariffs
  9. Free Trade
  10. Protectionism
  11. Exchange Rates
  12. Currency Appreciation
  13. Globalization

Personal Finance (156-172)

  1. Personal Budget
  2. Income
  3. Saving
  4. Compound Interest
  5. Time Value of Money
  6. Present Value
  7. Rule of 72
  8. Credit
  9. Credit Score
  10. Debt
  11. Loans
  12. Mortgages
  13. Financial Literacy
  14. Emergency Fund
  15. Financial Goals
  16. Human Capital
  17. Career Economics

Investment (173-182)

  1. Investment
  2. Stocks
  3. Bonds
  4. Mutual Funds
  5. Diversification
  6. Risk
  7. Return
  8. Risk-Return Trade-off
  9. Stock Market
  10. Retirement Savings

Digital Economy (183-195)

  1. Digital Economy
  2. Network Effects
  3. Platform Economics
  4. Two-Sided Markets
  5. Winner-Take-All Markets
  6. Information Goods
  7. Marginal Cost of Digital
  8. Attention Economy
  9. Sharing Economy
  10. Gig Economy
  11. E-commerce
  12. Cryptocurrency
  13. Blockchain

Critical Thinking (196-200)

  1. Economic Misinformation
  2. Correlation vs Causation
  3. Data Interpretation
  4. Cost-Benefit Analysis
  5. Systems Thinking

Capstone Project

  1. Working in Teams
  2. Selecting a Project
  3. Dividing the Work
  4. Integrating the Findings
  5. Presenting Findings
  6. Using AI