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

Decks in this class (10)

Chapter 1 - Introduction
What is economics 1,
What are the two fundamental fact...,
What are the two key types of eco...
37  cards
Chapter 2 - Supply & Demand
What is a predictable outcome 1,
How does an increase in demand af...,
How does a decrease in demand aff...
34  cards
Chapter 3 - Elasticity
What is price elasticity of demand 1,
Why is price elasticity conducted...,
What is the rule relating to nega...
33  cards
Chapter 4 - Market applications
What is a price ceiling 1,
Why would a price ceiling be appl...,
What are two ways price ceilings ...
10  cards
Chapter 5 - Costs of production
What is the economic opportunity ...,
What are explicit costs 2,
What are implicit costs 3
50  cards
Chapter 6 - Perfect Competition
What is a price taker 1,
What is the opposite to a price t...,
Explain the demand schedule and d...
59  cards
Chapter 7 - Monopolistic Competition and Oligopoly
What is monopolistic competition 1,
What are the three characteristic...,
What is product differentiation g...
53  cards
Chapter 8 - Markets and Government Intervention
Whether a purely competitive indu...,
What does it mean if average cost...,
What does the equality of price a...
51  cards
Chapter 9 - Business cycles, macroeconomic goals & measurement
What is gross domestic product 1,
How is it measured 2,
What is the purpose of national a...
44  cards
Chapter 10 - Government policies to influence economic activity
Federal government finance consis...,
What does federal expenditures in...,
What does federal revenues include 3
55  cards

More about
MicroEconomics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Rachel Axton's MicroEconomics flashcards 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.

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?

Microeconomics
  • 19 decks
  • 666 flashcards
  • 995 learners
Decks: Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
economics micro
  • 85 decks
  • 1217 flashcards
  • 18 learners
Decks: Demand Supply And Market Equilibrium, Key Phrases, Division Of Labour, And more!
Microeconomics
  • 41 decks
  • 603 flashcards
  • 76 learners
Decks: The Economic Problem, Economics As A Social Science, Ppf, And more!
Make Flashcards