This class was created by Brainscape user Felix Hackenbruch. Visit their profile to learn more about the creator.
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Decks in this class (12)
[MICRO] 01 - Introduction & The Economic Problem
Definition microeconomics 1,
Definition macroeconomics 2,
3 basic questions to understand a...
52
cards
[MICRO] 02 - Demand & Supply Applications and Elasticity
Definition price rationing 1,
Definition price ceiling 2,
Possible results of a price ceili...
21
cards
[MICRO] 03 - Consumer Behaviour and Choice
Definition perfect competition 1,
Assumptions perfect competition 5 2,
3 basic decisions of households 3
11
cards
[MICRO] 04 - The Behaviour of Profit Maximizing Firms
3 basic decisions of profit maxim...,
Definition economic profit 2,
Definition total revenue 3
12
cards
[MICRO] 05 - Short Run Costs and Output Decisions
Determinants of production costs 2 1,
Definition sunk costs 2,
Definition spreading overhead 3
7
cards
[MACRO] 01 - Introduction
Definition macroeconomics 1,
3 economic problems handled by ma...,
Definition aggregate behaviour 3
28
cards
[MACRO] 02 - National Output and National Income
Definition national income and pr...,
Definition gdp gross domestic pro...,
Definition value added 3
22
cards
[MACRO] 03 - Long-Run and Short-Run Concerns
Definition productivity growth 1,
Definition employed 2,
Definition unemployed 3
13
cards
[MACRO] 04 - Aggregate Expenditure and Equilibrium Output
Definition saving 1,
Savings formula 2,
Definition marginal propensity to...
10
cards
[MACRO] 05 - The Government and Fiscal Policy
Definition fiscal policy 1,
Definition monetary policy 2,
Definition net taxes t 3
9
cards
[MACRO] 06 - Money Supply and the Federal Reserve System
Hierarchies of banks 3 1,
Role of the central bank 2,
3 different types of money 3
7
cards
[MACRO] 07 - Money Demand, the Equilibrium Interes Rate and Monetary Policy
3 tools of monetary policy 1,
Definition reserve rate rr 2,
Definition discount rate dr 3
11
cards
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VWL
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