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Gundo M
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Decks in this class (11)
Chapter 1: What Economics Is About
What is the economic problem 1,
What is economics 2,
What are the choices we make base...
10
cards
Chapter 2: Economic Systems
What are the three central questi...,
Name the economic systems 2,
Characteristics of a traditional ...
14
cards
Chapter 3: The Economic Circular Flow Model
Name and explain the three major ...,
Name two differences between stoc...,
Name the factors of production 3
25
cards
Chapter 4: Demand and Supply
Determinants of demand 1,
Determinants of supply 2,
What does demand refer to 3
11
cards
Chapter 5: Demand and Supply in action
Determinants of demand 1,
Determinants of demand 2,
Determinants of supply 3
13
cards
Chapter 6: Elasticity
Define elasticity 1,
Define elasticity coefficient 2,
Practical examples of cause effec...
18
cards
Chapter 7: Utility
Define utility 1,
Define cardinal utility 2,
Define ordinal utility 3
10
cards
Chapter 9A: Short Run
What is the goal of the firm 1,
Basic concepts 2,
Explain short run 3
21
cards
Chapter 9B: Long Run
What is the long run 1,
What are the characteristics of t...,
Returns to scale 3
11
cards
Chapter 10: Perfect Competition
What is the theory of a firm 1,
What is total profit 2,
What are the two decisions that s...
11
cards
Chapter 11: Monopoly and Imperfect Competition
What are the characteristics of a...,
What are barriers to entry in a m...,
Why are pure monopolies a rare oc...
5
cards
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ECON 112
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