Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

Microeconomics

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

By: Georgia Cato
Start Studying

Decks in this class (12)

Chapter 1 - Economic Issues and Concepts
What is productivity growth and s...,
Why is the population aging and w...,
What are some other issues of pre...
34  cards
Chapter 2 - Economic Theories, Data, and Graphs
What are normative statements 1,
Give an example of a normative st...,
What are positive statements 3
34  cards
Chapter 3 - Demand, Supply and Price
Differentiate quantity demanded a...,
Demand can be influenced by 6 2,
The price of a product and the qd...
39  cards
Chapter 4 - Elasticity
What is the law of demand and sup...,
What is elasticity 2,
What is own price elasticity of d...
56  cards
Chapter 5 - Price Controls and Market Efficiency
Give 2 situations where govt fixe...,
What is a price floor 2,
A binding price floor leads to ex...
19  cards
Chapter 6 - Consumer Behaviour
What is utility 1,
What is marginal utility 2,
What is diminishing marginal util...
30  cards
Chapter 7 - Producers in the Short Run
What are the 4 types of inputs fo...,
What is the production function 2,
How do you calculate profits 3
54  cards
Chapter 8 - Producers in the Long Run
In the short run at least one fac...,
In the long run all inputs are _ 2,
What is technical efficiency 3
39  cards
Chapter 9 - Competitive Markets
What is market structure 1,
What is market power 2,
A market is said to be _ when its...
42  cards
Chapter 10 - Monopoly, Cartels, and Price Discrimination
Differentiate monopoly and monopo...,
What is a monopolists dc 2,
Give the equation for total reven...
30  cards
Chapter 11 - Imperfect Competition and Strategic Behaviour
What can an industry with many sm...,
What is a highly concentrated ind...,
What is monopolistic competition 3
21  cards
Chapter 16 - Market Failures and Government Intervention
What is allocative efficiency 1,
What is market failure 2,
What is an externality 3
13  cards

More about
Microeconomics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Georgia Cato's Microeconomics flashcards for their McGill 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?

Microeconomics
  • 19 decks
  • 666 flashcards
  • 1004 learners
Decks: Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
economics micro
  • 85 decks
  • 1217 flashcards
  • 21 learners
Decks: Demand Supply And Market Equilibrium, Key Phrases, Division Of Labour, And more!
Microeconomics
  • 41 decks
  • 603 flashcards
  • 78 learners
Decks: The Economic Problem, Economics As A Social Science, Ppf, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions