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Microeconomics 1st Year

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

By: Tom Bradshaw
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Decks in this class (11)

Chapter 1 - The Capitalist Economy
Economics 1,
Capitalism 2,
Industrial revolution 3
16  cards
Chapter 2 - Tech.change, Pop. And Economic growth
Equilibrium 1,
Ceteris paribus 2,
Relative prices 3
9  cards
Chapter 3 - Constraints And Trade Offs
Constrained choice problem 1,
Scarcity 2,
Opportunity cost 3
11  cards
Chapter 4 - Social interactions
Game theory 1,
Best response 2,
Dominant strategy equilibrium 3
10  cards
Chapter 5 - Property And Power
Surplus 1,
Power 2,
Bargaining power 3
8  cards
Chapter 6 - The Firms, Owners, Managers And Employees
Wage curve 1,
Worker s best response function t...,
Firm specific assets 3
8  cards
Chapter 7 - The Firm And Its Customers
Differentiated product 1,
Eos 2,
Willingness to pay 3
9  cards
Chapter 8 - Supply And Demand
Competitive equilibrium 1,
Exogenous shocks 2,
Long run 3
4  cards
Chaoter 9 - Market Disequilibrium
Profit curve 1,
Order book 2,
Asset price bubble 3
5  cards
Chapter 10 - Markets, contracts And Information
Market failure 1,
Externality external effect 2,
Incomplete contract 3
12  cards
Chapter 11 - Credit, Banks And Money
0  cards

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Microeconomics 1st Year

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