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Principles of microeconomics

This class was created by Brainscape user Max Eustance Brougham. Visit their profile to learn more about the creator.

By: Max Eustance Brougham
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Decks in this class (16)

Perfect competition
What are the two rules for profit...,
What is the marginal output rule,
What is the shutdown rule
12  cards
Monopoly
What are some monopoly assumptions,
What is the market structure of a...,
What is monopoly profit maximisin...
4  cards
price discrimination
What are conditions necessary for...,
What are assumptions of price dis...,
What is first degree price discri...
5  cards
Monopolistic competition
What are two forms of imperfect c...,
What are two ways products can be...,
What is horizontal differentiation
8  cards
Game theory
What do economists use game theor...,
What is the nash equilibrium,
What are two requirements for nas...
4  cards
Quantity setting oligopolists
What was cournots assumption,
What was bertrands assumption,
What are assumptions of oligopolies
7  cards
Price setting oligopolists
What are bertrands specific assum...,
What is nash equilibrium in bertr...,
What are four main ways to break ...
3  cards
Collusion
What are conditions necessary for...,
How do you calculate the present ...,
What is the likely outcome if fir...
3  cards
perfect labour market
What is labour,
What is capital,
What is land
15  cards
Imperfect labour market
What are monopsony assumptions,
What is the monopsony market stru...,
What is the market supply curve i...
7  cards
Efficiency of markets
What is productive efficiency,
What is allocative efficiency,
What is pareto optimal
5  cards
Externalities
What is a negative externality,
What is a positive externality,
What are some market based polici...
5  cards
Public goods
What conditions satisfy a rival p...,
What is an excludable product,
What are the two categories for e...
6  cards
Information
0  cards
From practise test
Can indifference curves intersect,
Consumers prefer averages to extr...,
If a consumer spends income on pi...
10  cards
Own price effects and consumer welfare
Compensated demand curves,
Ordinary demand curves include,
What is consumer surplus on a dia...
5  cards

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Principles of microeconomics

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