This class was created by Brainscape user Alexander Fransson. Visit their profile to learn more about the creator.
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Decks in this class (21)
L1
What is microeconomics about 1,
What does microeconomics allow us...,
What is industrial organization 3
22
cards
L2
What is consumer and producer sur...,
How is surplus mesured 2,
What is vat tax 3
12
cards
L3
What decides what consumers want ...,
How does budget restrictions affe...,
What else restricts the consumers...
19
cards
L4
How is demand for normal goods af...,
How is demand for inferior goods ...,
What is the income effect in micr...
16
cards
C1
Why would a monopoly produce less...,
What are factors in microeconomics 2
2
cards
Supply And Demand
When is a product not a commodity 1,
What happens to demand when the p...,
What is a demand choke price 3
14
cards
Market Analysis
What is consumer surplus 1,
What is producer surplus 2,
How does an inwardly shift in sup...
12
cards
Consumer Behaviour
What are the assumptions of the u...,
Why does indifference curves neve...,
What is the mrs in micro economics 3
10
cards
Individual And Market Demand
What is the income holding prices...,
What does an engel curve show 2,
How is demand for normal goods af...
20
cards
Producer Behaviour
What simplifications and assumpti...,
How foes the marginal product rel...,
What does diminishing marginal pr...
7
cards
Costs
What two types are there of econo...,
Should accounting costs be taken ...,
What share of fixed costs must be...
14
cards
Markets And Prices
What determines the market struct...,
What are the four different types...,
What are perfectly competitive ma...
17
cards
Market Power And Monopoly
What is market power 1,
How do firms maintain market power 2,
Why would monopolies produce less 3
10
cards
Pricing Strategies For Firms With Market Power
How can a monopoly with sufficien...,
What is direct price discriminati...,
What is perfect or first degree p...
20
cards
Imperfect Competition
What is a nash equalibrium 1,
Why are cartels generally unstable 2,
What is bertrand competition 3
13
cards
Game Theory
What key elements are there in ga...,
What are dominant strategies in g...,
What are dominated strategies in ...
17
cards
Factor Markets
What is a factor market 1,
Is the labor market a factor mark...,
What is the marginal revenue prod...
17
cards
Investment Time And Endurance
How do you account for time in ec...,
What is net present value 2,
What is a payback period of an in...
8
cards
L5
Ehat happens to demand if prices ...,
What happens to demand of an infe...,
What happens to demand if the inc...
3
cards
Public Goods And Externalities
What are externalities 1,
What are social costs 2,
When should a transaction occur 3
21
cards
Behavoral Economics
Name five common economic biases 1,
Name an example of self control i...,
What is the endowment effect 3
9
cards
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Microeconomics
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