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Susan Owoeye
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Decks in this class (8)
Lecture 1
What is an economic institution,
Name two classifications of econo...,
What is an economic model
12
cards
Lecture 2- Consumers and their preferences
What is a consumption bundle,
What are the three types of prefe...,
What is the completeness assumpti...
20
cards
Lecture 3- Consumer Behaviour
What is a utility function,
What is a monotonic transformatio...,
What is cardinal utility
15
cards
Lecture 4- Consumer Demand
What is a consumer s demanded bundle,
What is a demand function,
What is a key assumption about pr...
25
cards
Lecture 5- Game theory
What is game theory,
What are the three basic elements...,
What is a game of perfect informa...
25
cards
LECTURE SIX ECONOMIC CHOICE UNDER CONDITION OF UNCERTAINTY
What is expected monetary value emv,
What are the three main attitudes...,
What characterizes a risk neutral...
24
cards
LECTURE SEVEN EXTERNALITIES, PROPERTY RIGHT AND PUBLIC GOODS
What is an externality,
What are the two types of externa...,
Give an example of a negative ext...
25
cards
LECTURE EIGHT ECONOMICS OF INFORMATION
What is moral hazard,
Define adverse selection,
What is the principal agent problem
25
cards
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ECO 401
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