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Economics

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

By: Margarida Romeiro
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Decks in this class (13)

1.1 What is economics
Purpose economics 1,
Microeconomics 2,
Trade off 3
32  cards
2.1 Demand
Demand 1,
Diminishing marginal utility 2,
Law of demand 3
7  cards
2.2 supply
What is supply 1,
Law of diminishing marginal retur...,
Increasing marginal costs 3
6  cards
2.3 market equilibrium
Equillibrium 1,
Disequilibrium 2,
Surplus 3
9  cards
2.4 HL behavior of consumers and producers
Why consumers producers are irrat...,
Assumptions of rational consumer ...,
Limitations of rational consumer ...
20  cards
2.5 elasticity of demand
Elasticity 1,
Demand elasticity 2,
The determinants of ped splat 3
8  cards
2.6 elasticity of supply
Elasticity of supply 1,
The values of pes 2,
Determinants of pes mrsat 3
9  cards
2.7 govorment intervention
Reasons for government interventi...,
How government intervenes 2,
Indirect taxes types definition 3
23  cards
2.8 Market Failure
Examples of market failure 1,
What is market failure 2,
What determines the most efficien...
74  cards
2.7 Gov Interventonss
What is a reason for government i...,
What are the four common governme...,
What is the purpose of government...
95  cards
2.9 Public Goods
What are public goods 1,
Define a public good 2,
What distinguishes public goods f...
11  cards
2.10 Asymetric Info
What does the mort theory believe...,
Why is it unlikely that consumers...,
What is adverse selection in the ...
15  cards
2.11 Market Structure
What does the degree of competiti...,
What are the four market structur...,
What does atc tell us 3
130  cards

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Economics

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