CriticalThinkingAcademy

  Comparative Advantage Market Failure (Public Goods, Externalities, Information Asymmetry) General vs. Partial Equilibrium Market Structure (Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition) Principal-Agent Problems Moral Hazard and Adverse Selection Behavioral Biases (Prospect Theory, Loss Aversion, Hyperbolic Discounting) Labor-Leisure Tradeoff Fiscal and Monetary Policy (and their transmission mechanisms) Inflation, Unemployment, Growth (Macroeconomic indicators) The Business Cycle General Welfare Economics (Pareto Efficiency, Kaldor-Hicks Efficiency) Returns to Scale (Increasing, Decreasing, Constant) Rent Seeking Choice Architecture

  Exogeneity and Endogeneity Instrumental Variables (IV) Causal Inference (Correlation vs. Causation) Difference-in-Differences (DiD) Regression Discontinuity (RD) Randomized Controlled Trials (RCTs) Natural Experiments and Quasi-Experimental Design Selection Bias Omitted Variable Bias and Confounding Effect Size and Effect Variability Type 1 and Type 2 Errors Identification Strategy Fixed Effects vs. Random Effects Panel Data vs. Cross-sectional Data External Validity and Internal Validity Heterogeneous Treatment Effects Counterfactual Thinking Cost Benefit Analysis