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Decks in this class (37)
(1.1) Key terms
Define adverse selection 1,
Describe adverse selection for po...,
Describe moral hazard 3
19
cards
(1.2) Intronomics: Positive and Normative
What is positive economics 1,
What is normative economics 2,
What are the clues that a questio...
13
cards
(1.3) Bystander effect
Define the individual bystander e...,
What model do we use for the byst...,
What economic issue does the byst...
17
cards
(2.1) Model of rationality
What do economic models do 1,
What are the 3 aspects of primiti...,
Describe the decision maker 3
12
cards
(2.2) Consumer choice and IDC
Give a typical budget equation 1,
Draw a graph with the bugdte line...,
What is the slope of the indiffer...
40
cards
(2.3) utility functions
What is the process to test wheth...,
What do we need in order to maxim...,
What are the 4 main types of util...
21
cards
(2.4) Uncompensated demand
What is another name for uncompen...,
How would we write the uncompensa...,
What are the 2 constraints on the...
13
cards
(2.5) Demand and elasticities
How do we derive market demand cu...,
What are some charateristics of d...,
What are giffen essential goods 3
26
cards
(2.6) Firms and tech
What are some assumptions we make...,
What are opportunity costs of a p...,
What are the 2 types of returns w...
28
cards
(3.1) Substitution and Income effect
Define the substitution effect 1,
Define the income effect 2,
What type of good is consumed mor...
42
cards
(3.2) Firm Behaviour
Describe features of a monopoly 1,
Describe features of a competitiv...,
Describe features of monopolistic...
48
cards
(4.1) Labour demand
What are the primitives in labour...,
Define mvpl 2,
Where will firm maximise profits ...
11
cards
(4.2) Labour supply
What are the primitives for labou...,
How does the level of income diff...,
Set up a utility function for lab...
32
cards
(4.3) Tech and labour markets
What are the 2 competing effects ...,
Describe the displacement effect 2,
Describe the productivity effect 3
3
cards
(5.1) Separation theorems
What 2 decisions do individuals m...,
How does 1st and 2nd separation t...,
What are perfect credit markets 3
16
cards
(5.2) Intertemporal consumption
When we plot pv against fv on axi...,
What are the primitives for the i...,
What does intertemporal consumpti...
22
cards
(5.3) PCM intertemporal optimisation
Assume a budget constraint 12c c ...,
Assume a budget constraint 12c c ...,
Assume a budget constraint 12c c ...
28
cards
(5.4) Imperfect Credit Markets saving and borrowing
Are borrowing or saving rates hig...,
What type of budget line do we ge...,
Describe the slope of the budget ...
11
cards
(6.1) Behavioural economics
What are the 2 main approaches in...,
Describe departures from rational...,
Give examples of departures from ...
14
cards
(6.2) Decision and experience utility
Describe issue with reveal prefer...,
Describe experience utility 2,
Describe decision utility 3
22
cards
(6.3) Positive and normative for behavioural econ
What type of preferences are more...,
Describe the wedge problem 2,
When we model out hot state prefe...
4
cards
(6.4) Policy implications of behavioural economics
What is the implication of hot co...,
Define internalities 2,
What are commitment devices 3
28
cards
(7.1) Intro to game theory
How do the primitives change for ...,
Define profile of actions 2,
What does it mean if an action st...
10
cards
(7.2) Simultaneous move games
What do we use to represent simul...,
What is a common method to prove ...,
When one action is strictly domin...
18
cards
(7.3) Firm's strategic behaviour
What type of market models lead t...,
List market models with imperfect...,
What affects the level of competi...
25
cards
(8.1) Hoteling Model
Describing the hoteling model 1,
Imagine the deli setup 96th 100th...,
In terms of welfare analysis what...
8
cards
(8.2) Auctions
What are the primitives in an auc...,
How do sellers design an auction 2,
What are the key design choices i...
21
cards
(8.3) Dynamic (sequential) games
What are other names for sequenti...,
What is the key difference betwee...,
Define nodes 3
16
cards
(8.4) Repeated games
Describe the cooperation problem ...,
Describe the possibility of coope...,
Describe the impossibility of coo...
6
cards
(8.5) Firm collusion
Describe a grim trigger strategy ...,
When firms collude what do they j...,
How to you solve each firm s prof...
27
cards
(9.1) Types of discrimination
What are the 2 types of discrimin...,
Define taste based discrimination 2,
Describe the mechanism of taste b...
11
cards
(9.2) Tests for discrimination
Define hit rates 1,
Define search rates 2,
Define the becker outcome test 3
9
cards
(9.3) Discrimination and Game Theory
Create a 2x2 simultaneous game gi...,
Given this matrix explain what eq...,
Compute the hit rate given this m...
21
cards
(10.1) Isocost and isoquant lines
When mapping isoquant and isocost...,
Describe isoquant lines 2,
Graphically illustrate a fixed co...
13
cards
(10.2) Altruism
Define altruism in economics 1,
Someone who is fully altruistic a...,
Someone who an egoist applies a w...
15
cards
(10.3) Normative analysis
Individual welfare and social wel...,
Define revealed preferences 2,
What is required for normative ev...
14
cards
MCQ/PS re-do
Last year the number of cinema ti...,
Does job risk affect labour suppl...,
When can we not conclude for a la...
46
cards
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