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Amely Bostoen
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Decks in this class (23)
Formulas and symbols
0
cards
chapter 1: introduction
3def economics 1,
Def microeconomics 2,
Externality problem 3
19
cards
chapter 2: budget constraint
Composite good 1,
The budget line 2,
The numeraire 3
8
cards
chapter 3: Preferences
Consumer preferences 1,
Weakly preferred set 2,
An indifference curve 3
16
cards
chapter 4: utility
A utility function u x 1,
Ordinal utility 2,
Monotonic transformation f u 3
13
cards
chapter 5: choice
The economic model of consumer ch...,
Necessary condition for optimality 2,
Is the tangency condition a suffi...
19
cards
chapter 6: demand
Marshallian demand functions 1,
Comparative statics 2,
Normal good 3
19
cards
chapter 7: slutsky equation
Substitution effect 1,
Income effect 2,
Pivot line 3
18
cards
Chapter 9: Uncertainty
A probability distribution 1,
The expected value ev 2,
The variance 3
22
cards
Chapter 10: Consumer’s surplus
Quasilinear utility 1,
Compensating variation cv 2,
The equivalent variation ev 3
4
cards
Chapter 11: Market demand
The price elasticity of demand 1,
Market demand def 2,
When will an increase in price re...
6
cards
Chapter 12: Technology
A technology 1,
Production set 2,
Production plan 3
13
cards
Chapter 13: Profit maximization
Competitive markets 1,
A fixed factor 2,
A variable factor 3
11
cards
Chapter 14: Cost minimization
Comparative statics analysis of c...,
An expansion path 2,
A normal input 3
11
cards
Chapter 15: Cost curves
The average variable fixed cost f...,
The marginal cost curve 2,
Long run costs 3
4
cards
Chapter 16: Firm supply
Technological constraints 1,
Market constraints 2,
Demand curve facing a firm 3
8
cards
Chapter 17: Industry supply
Free entry 1,
Long run industry supply 2,
What are the possible equilibria ...
3
cards
Chapter 18: Exchange
A partial equilibrium analysis 1,
General equilibrium analysis 2,
Pareto improving allocation 3
17
cards
chapter 8: intertemporal choice
The budget constraint 1,
The present value form is 2,
Present value 3
7
cards
chapter 19: asymmetric information
Asymmetric information 1,
Example the market for lemons 2,
Adverse selection 3
14
cards
chapter 20: monopoly
A monopoly 1,
A monopolized industry operates w...,
A natural monopoly 3
5
cards
chapter 21: monopoly behavior
Price discrimination why in monop...,
First degree or perfect price dis...,
Definition of price discrimination 3
7
cards
chapter 22: oligopoly
Oligopoly 1,
In oligopolistic markets 2,
Oligopolistic firms are interdepe...
15
cards
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microeconomics
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