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ap microeconomics

This class was created by Brainscape user David A.. Visit their profile to learn more about the creator.

By: David A.
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Decks in this class (10)

Introduction
Opportunity cost,
Constrained optimization,
Models
5  cards
Consumer Theory
Preferences,
Indifference curves,
Utility function
59  cards
Producer Theory
Inputs,
Outputs,
Labor
34  cards
Competitive Markets
Accounting profits,
Economic profits,
Perfect competition
49  cards
Competitive Equilibrium
Demand curve shifts up,
Demand curve shifts down
49  cards
Other Market Structures
Monopoly,
Price taker,
Price maker
57  cards
Factor Markets
Wage,
Minimum wage,
Leisure
32  cards
International Trade
Free trade,
Exports,
Imports
26  cards
Government Intervention
Redistribution,
Equity,
Efficiency
39  cards
Tips
Do something if marginal benefit,
Stop doing something when the mar...,
Never do something when the margi...
78  cards

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ap microeconomics

  • Class purpose General learning

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