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Joshua Oakley
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Decks in this class (22)
Unemployment
What is unemployment 1,
What is the opportunity cost of a...,
Costs of unemployment to macroeco...
57
cards
Savings and Investment
What is a cartesian plane used for 1,
What are the 4 basic inter tempor...,
What does borrowing do 3
89
cards
The Monetary System
What does the capitalist systems ...,
What is money 2,
What did most people rely on befo...
78
cards
Long-run Economic Growth
Real gdp per capita equation 1,
Real gdp per worker equation 2,
Growth rate of real gdp in year a...
65
cards
Supply and Demand
Describe income effect 1,
Describe substitution effect 2,
What is pareto efficiency 3
5
cards
Rational Consumer Choice
What did 19th century economists ...,
What concept of utility is the ce...,
Who came up with utility as prefe...
16
cards
Rational Consumer Choice
What is a budget constraint 1,
What is the slope of a budget con...,
What happens to the budget constr...
9
cards
Price effects on demand
Explain the substitution and inco...,
Explain income and substitution e...,
What is the demand curve for a gi...
14
cards
Applications of Consumer theory
3 main motivations for taxation 1,
What is tax incidence 2,
What is the legal tax incidence 3
18
cards
Choice under uncertainty
What is the expected value equati...,
How could we describe the utility...,
What does diminishing marginal ut...
12
cards
Production
Most common production function e...,
What is a variable input 1,
How is capital a productivity dri...
17
cards
Costs
What is an isocost line 1,
What does the tangency between is...,
Blank 3
16
cards
Perfect Competition
Economic profit definition 1,
4 assumptions of perfect competit...,
At what point does perfectly comp...
11
cards
Monopoly
What is the trade off faced by mo...,
When does total revenue reach its...,
What is short run equilibrium for...
15
cards
Oligopoly and Games
What is the cournot model 1,
The profit maximising cournoy duo...,
Equilibrium for cournot duopoly e...
9
cards
Monopolistic Competition
What is vertical product differen...,
What is horizontal differentiation 2,
What are the features of chamberl...
10
cards
Labour
What is mrp 1,
What is the mrp equation 2,
If demand a product is elastic wh...
20
cards
Capital
What is the marginal rate of time...,
At the optimal intertemporal poin...,
What is diagram for a saver 3
8
cards
General Equilibrium and Efficiency
Explain how gains from exchange c...,
Explain the efficiency in exchang...,
What does pareto optimal mean 3
12
cards
AD in the closed Economy
What does is summarise 1,
What does lm summarise 2,
How does the slope of the as curv...
24
cards
AD in the Open Economy
What does the lm curve represent ...,
What does the is curve represent ...,
What does the bp curve show 2
5
cards
AS, Output and Prices
0
cards
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Foundations of Economics
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