Gross domestic product GDP, basic macro economic accounting term measuring performance, including C Consumption + I Income + G Government Spending + Net exports (exports – imports).
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Author: Bob Steele CPA - Accounting Instruction, Help & How To
EA800.10 Market Problems – Government Problems
Market problems including externalities, public goods, and uneven information including pros and cons of government intervention for these market problems.
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Economic terms of demand and utility allowing us to graph diminishing marginal utility.
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EA400.10 Elasticity
Economic concept of elasticity crucial economic concept in many economic models, applied to elastic of demand and elasticity of supply.
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EA300.10 Supply, Demand, & Equilibrium
Economic core concepts of supply, demand & equilibrium including movement along supply and demand curve, shit in supply and demand curve, and discussion of market based economy & centrally planned economy.
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EA200.10 Production Possibility Frontier & Comparative Advantage
Economic topic of production possibility frontier & comparative advantage are core principles in economics, demonstrating the use of models and concepts of scarcity, opportunity cost, and trade-offs in decision making.
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2000.20 Equivalent Units – Process Cost System
Equivalent units calculation in process cost system to allocate direct material and conversion costs, direct labor & overhead, to proper process in process costs system.
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2000.10 Process Cost System
Process cost system defined for manufacturing company including calculation of cost of goods manufactured and cost of goods sold, journal entries related to the process cost system, recording of journal entries to general ledger, and effect on trial balance accounts
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1900.20 Job Cost System
Job cost system defined for manufacturing company including calculation of job cost report, journal entries related to the job cost system, recording of journal entries to general ledger, and effect on trial balance accounts
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EA100.10 Economics It What Is It & Why Learn
Economics introduction of what economics is and why learn economics, defining economics, exploring economic terms including micro economics and macroeconomics
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