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Econ 1101

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

By: Perham Black
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Decks in this class (16)

PPF
Law of comparative advantage,
Specialization good or bad,
Biased technical change
12  cards
Financial Markets
Wall street,
Primary market,
Secondary market
5  cards
Capital Market
Capital,
Tangible or physical capital,
Social capital or infrastructure
11  cards
Efficiency Of Perfect Competition
Efficiency,
Pareto efficiency,
Market failure
6  cards
Lecture Stuff
Ways for a firm to be shady in pr...,
Is income inequality really that bad,
What drives currency markets
3  cards
Elasticity
Price elasticity of demand,
Perfectly inelastic demand,
Inelastic demand
11  cards
Short Run Firms
Total variable cost curve,
Marginal cost,
What are firms constrained by in ...
7  cards
The Market
Substitute perfect substitute,
Complementary goods,
Shift of a supply demand curve
16  cards
Long Run Costs And Output
Breaking even,
Shut down point,
Short run industry supply curve
5  cards
Behavior of Firms
Firm,
Profit,
Total revenue
11  cards
Stuff From Lectures Quiz 1
Price discrimination,
Consumer sovereignity,
Marginal benefit
18  cards
competition/monopoly
Imperfect competition,
Market power,
Pure monopoly
10  cards
input demand: the labor and land markets
Derived demand,
Marginal revenue product,
Factor substitution effect
5  cards
Market Efficiency 12&16
Externality,
Pareto efficiency or optimality,
Public goods social goods
8  cards
Anti-Trust and Regulation 13
Imperfectly competitive industry,
Market power,
Marginal revenue curve facing a m...
7  cards
18 20 21 Income Distribution / Development
Compensating differentials,
Property income,
How to distribute the income
10  cards

More about
Econ 1101

  • Class purpose General learning

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