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Leidy Baeza
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Decks in this class (14)
History quiz 1
Who is considered the first econo...,
Who wrote about international trade,
Father of modern economics
9
cards
comparison micro vs marco
Micro is important because,
Limitations of microeconomics,
Scope of microeconomics
5
cards
comparison micro vs MACRO
Define macro,
Tools of macro,
Scope
5
cards
Quiz 1
Define market,
Markets can be physical or virtua...,
4 features of a market
9
cards
Quiz 1 pt 2
Monopoly,
Oligopoly,
Perfect competition
10
cards
solution to market failures
What r the 2 solutions to market ...,
Private market solutions,
Government imposed solutions
4
cards
QUIZ 2- perfect markets
Define competitive market,
3 characteristics of a market,
The actions of any single buyer o...
12
cards
QUIZ 2- perfect markets PT2
Define a shut down,
A firm chooses to shut down if,
Even if the firm shuts down it it...
9
cards
test 2 competitive markets
The height the width of a rectancle,
The area,
At the end of the process of entr...
10
cards
consumer behavior
The theory of consumer behavior,
Rational choice theory,
Behavioral economics
6
cards
factors affecting behavioral economics
Bounded rationality,
Bounded rationality,
Choice architecture
6
cards
3 steps to understanding consumer behavior
3 steps to understanding consumer...,
Consumer preference,
Budget constraints
4
cards
basic assumptions about preference
Basic assumptions about preference 3,
Completeness,
Transitivity
6
cards
properties of indifference curve
Property 1,
Property 2,
Property 3
5
cards
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MICROeconomics
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