The Economics Game
University course discussion for economics.
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Re: The Economics GameRecession - a fall in real GDP over two consecutive quarters.(Original post by ArsLongaVitaBrevis)
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Re: The Economics GameEquity-efficiency trade-off - where a choice is made sacrificing one for the benefit of the other(Original post by ArsLongaVitaBrevis)
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Re: The Economics GameElectric Guitar(Original post by tateco)
Xylophone? -
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Re: The Economics GameOpportunity cost - the "next best thing, e.g could have used labour instead of capital".(Original post by Groat)
Recession - a fall in real GDP over two consecutive quarters. -
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Re: The Economics GameSurplus - an excess of supply over demand.(Original post by tehforum)
Opportunity cost - the "next best thing, e.g could have used labour instead of capital". -
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Re: The Economics GameTransnational corporation - A firm which operates in more than one country(Original post by tehforum)
Opportunity cost - the "next best thing, e.g could have used labour instead of capital". -
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Re: The Economics GameOutput gap - the difference between potential output and actual output(Original post by Groat)
Recession - a fall in real GDP over two consecutive quarters.
REMEMBER EVERYONE, SECOND LAST LETTER
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Re: The Economics GameCapital - resources e.g machinery.(Original post by hemant1)
Supply side policy - A Policy that effects AS first. -
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Re: The Economics GameComplements - goods for which there is joint demand.(Original post by hemant1)
Supply side policy - A Policy that effects AS first. -
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Re: The Economics GameAdvolerum tax - A percentage tax(Original post by Nextmove)
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Re: The Economics GameConsumption - spending on goods and services by households in an economy(Original post by hemant1)
Supply side policy - A Policy that effects AS first.
I should start quoting :l
Remember it's second last letter now.... -
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Re: The Economics Game-------------------------------------------------------------------------------------------------------
We are now looking at the second to last letter instead of the very last.
The rules have been changed.
--------------------------------------------------------------------------------------------------------Last edited by Nextmove; 24-04-2011 at 23:02. -
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Re: The Economics GameOutput(Original post by tateco)
Consumption - spending on goods and services by households in an economy
Remember it's second last letter now.... -
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Re: The Economics GameUnemployment - those actively seeking work but who cannot find a job(Original post by MrEboueEmmanuel)
Output -
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Re: The Economics GameI don't think it really matters, it will settle down soon though. We economics students are just machines(Original post by tehforum)
This is all over the place; we're too fast.
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Re: The Economics GameJust pick the last one on your screen and reply to it. I think most people here are just playing to refresh their memory on definitions(Original post by tehforum)
This is all over the place; we're too fast.
