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Basics of Microeconomics - What is Microeconomics: Crash Course

3,368 views

IntroBooks Education

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

89%
  • 6:32 / 7:17

Speech Rate:

  • 123 wpm - Conversational

Category:

  • Education

Tags :

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

microeconomics

/ˌmīkrōˌekəˈnämiks/

microeconomics
noun other

part of economics concerned with single factors. Economy of consumers, households or separate firms.

allocation

/ˌaləˈkāSH(ə)n/

allocation
noun

Sharing out of work/resources for some purpose.

magnitude

/ˈmaɡnəˌt(y)o͞od/

magnitude
noun

Size or importance.

scarcity

/ˈskersədē/

scarcity
noun

Very small or limited amount of something.

airline

/ˈerˌlīn/

airline
noun

Company that flies passengers in its planes.

keeping

/ˈkēpiNG/

keeping
noun verb

action or fact of owning, maintaining, or protecting something. To have and continue to hold something.

economics

/ˌekəˈnämiks/

economics
noun other

branch of knowledge concerned with production, consumption. Studies of trade, industry and money.

becomes

/bəˈkəm/

becomes
verb

begin to be.

elastic

/əˈlastik/

elastic
adjective noun

able to resume shape spontaneously. Material that can stretch and return to shape.

service

/ˈsərvəs/

service
noun verb

action of helping or doing work for someone. To help or do work for someone, e.g. in a store.

welfare

/ˈwelˌfer/

welfare
noun

Program to help poor/unemployed people with money.

reached

/rēCH/

reached
verb

To come to or arrive at a goal or destination.

factors

/ˈfaktər/

factors
noun other verb

something that contributes to result. Some things that influences a result. To find the two numbers a number can be divided by.

responsiveness

/rəˈspänsivnəs/

responsiveness
noun

Ability to react quickly or easily.

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