Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

ECON 1101

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

By: Elise Michael
Start Studying

Decks in this class (17)

Introduction and Microeconomic Lessons
Definition economics 1,
Definition scarcity 2,
North vs south korea 3
18  cards
Demand, Supply and Equilibrium in Markets
Definition demand 1,
Demand 2,
The income effect 3
21  cards
Welfare + Efficiency and International Trade
Welfare and efficiency in markets 1,
Definition consumer surplus 2,
Producer surplus 3
12  cards
Price Elasticity of Demand, Other Elasticity Measures and Elasticity Applications
Price elasticity of demand 1,
Elastic demand 2,
Inelastic demand 3
13  cards
Price Controls, Taxes + Subsidies and Applications with Elasticity
Market intervention 1,
Price ceilings diagram 2,
Price floors diagram 3
11  cards
Externalities, Public Goods + Common Resources and Correcting Externalities
Market failure 1,
Government failure 2,
What can cause market failure 3
27  cards
Production Theory
Introductory concepts 1,
The role of technology in product...,
Production 3
10  cards
Costs of Production
Types of costs 1,
Types of profit 2,
Total costs in the short run 3
8  cards
Market Structure
Firm cost curves 1,
Firms 2,
Market demand 3
6  cards
Perfect Competition
Assumptions 1,
Perfectly competitive markets alm...,
Firm s market in perfect competit...
9  cards
Long Run Dynamics and Efficiency
Perfect competition in the long r...,
Perfect competition and efficiency 2,
Measures of efficiency 3
6  cards
Monopoly
Characteristics of a monopoly 1,
How monopolies occur 2,
Monopoly revenue 3
5  cards
Price Discrimination
Price discrimination 1,
Conditions for price discriminati...,
Types 3
9  cards
Utility and Rational Behaviour
Utility definition 1,
Assumptions of traditional consum...,
Assumptions for rational people 3
8  cards
Behavioural Economics
Cognitive biases 1,
Loss aversion 2,
The endowment effect 3
11  cards
Oligopoly
Oligopoly 1,
Features of an oligopoly 2,
Examples of oligopolies 3
13  cards
Game Theory and Strategic Behaviour
Elements of game theory models 1,
Prisoners dilemma 2,
Sequential games 3
3  cards

More about
ECON 1101

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Elise Michael's ECON 1101 flashcards for their University of Western Australia class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

ECON 1101
  • 11 decks
  • 316 flashcards
  • 2 learners
Decks: Chapter 1, Chap 2, Chap 3, And more!
ECON1101
  • 10 decks
  • 147 flashcards
  • 5 learners
Decks: Topic 2, Topic 3, Topic 4, And more!
Med Term 1101 Peterson
  • 67 decks
  • 2260 flashcards
  • 43 learners
Decks: Unit 1 Medical English Prefixes, Unit 1 Medical English Suffixes, Unit 1 Medical English Root Words, And more!
econ
  • 37 decks
  • 702 flashcards
  • 19 learners
Decks: Economics As A Social Science 111, Market Failure 13 Gov Intervention 14, Theme 2 21 Measures Of Economic Performa, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions