microeconomics (eco1010f)

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

Decks in this class (29)

Introduction To Economics
What is the focus in economics,
What questions are asked in econo...,
What are two critical concepts in...
27  cards
Unit 1.1
0  cards
Unit 1.2 And 1.3
What is gdp,
What is gdp per capita,
What does gdp per capita measure
13  cards
Unit 1.4 And 1.5
How do economics measure prices,
Economically what changes have be...,
What are decile groups
11  cards
1.6 and 1.7
What is the relationship between ...,
Why is labour combined with land ...,
Who modelled the diminishing apl
10  cards
1.8 and 1.9
What is the capitalist revolution,
What is capitalism,
What is an economic system
13  cards
1.10 And 1.11
What was the enlightenment,
What two actions taken by colonia...,
Why did railways being used for m...
4  cards
1.12 And 1.13
What is the developmental state,
What is the failure of central pl...,
What is a dynamic economy
13  cards
Unit 2.2 And 2.3
What is the calculation for net b...,
What is opportunity cost,
What is the reservation option
9  cards
Unite 3.1 And 3.2
What is scarcity,
How is daily income calculated,
How to work out the slope
10  cards
Unit 4.1 And 4.2
What needs to be done to stop cli...,
What is climate change an example of,
What is a social dilemma
11  cards
3.4 And 3.5
How to work out maximum level of ...,
What is the budget constraint,
What is a feasible set
8  cards
Unit 3.6 And 3.7
What is the income effect,
What is the substitution effect
2  cards
3.8 And 3.9
What does ceteris paribus mean,
Explain trial and error calculations,
Explain what a representative wor...
4  cards
3.10 3.11 3.12
What is conspicuous consumption,
What is the veblen effect
2  cards
Unit 4.3 And 4.4
What is the the nash equilibrium,
What are dominant strategies,
What is dominant strategy equilib...
5  cards
Unit 4.5 4.6
Explain invisible hand game,
What is an assurance game,
What is the battle of the sexes game
8  cards
Unit 4.7 And 4.8
What is altruism,
What are social preferences,
Why is altruism a social preference
8  cards
Unit 4.9 And 4.10
What is experimental economics,
What are field experiments,
What are lab experiments
7  cards
4.11 And 4.12
What is an ultimatum game,
What can the ultimatum game be us...,
What type of game is ultimatum game
5  cards
Unit 6.1 and 6.2
Why do we import,
T or f fri a are major actors in ...,
What does a firm do
16  cards
Unit 6.10
What is the principal agent problem,
Describe a strategic interaction ...,
What is an incomplete contract
9  cards
Unit 6.3 And 6.4
What are incentives,
What is piece rate work,
Why don t people pay workers per ...
10  cards
Unit 6.5 And 6.6
What is disutility,
What is uif,
What is the monetary value of une...
5  cards
Unit 6.7 And Unit 6.8
How do employers maximise firms p...,
What is the formula for minimize,
Formula for maximising
18  cards
Elastcity
What is price elasticity,
How do you calculate the price el...,
Is price elasticity always positi...
21  cards
Costs Of Production
What is economic costs,
What are explicit costs,
What are implicit costs
24  cards
Perfect Competition
What are the four market models,
What differentiates the market st...,
Explain the pure competition mark...
11  cards
Monopoly
Describe monopoly,
What are regulated monopolies,
What are near monopolies
4  cards

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microeconomics (eco1010f)

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