This class was created by Brainscape user Mabs Academy. Visit their profile to learn more about the creator.
By:
Mabs Academy
- decks
- flashcards
- learners
Decks in this class (25)
Exam
What is economics 2 1,
What is microeconomics 4 2,
Economics vs chemistry 6 3
188
cards
Introduction to Economics
What is economics 2 1,
What is microeconomics 4 2,
Economics vs chemistry 7 3
14
cards
Consumer Preferences
We suppose that our abstract cons...,
Utility definition 2,
What are the units of utility 3
7
cards
Indifference Curves
The shape of the indifference cur...,
Utility as a function of one good...,
Utility as a function of two good...
3
cards
Budget Constraint
The choices which we make as cons...,
Suppose that p1 5 and p2 10 then ...,
The budget constraint graphically...
5
cards
Optimal Consumption
Preferences and budget 1,
Possible choices which is optimal 2,
Change in prices 3
4
cards
Is Optimizing Realistic?
If the utility which we derive fr...,
The amount of satisfaction depend...,
A consumer s preferences are ____...
4
cards
Alternative Descriptions of Consumer Behaviour
What is optimal rational 1,
Procedural rationality what is it 2,
What is a heuristic 3
6
cards
Firm Behaviour
What is a producer 1,
What is a firm 2,
A firm would typically have to ma...
7
cards
Pricing
The objectives of firms are likel...,
Are firms price takers 2,
Cost plus pricing 3
11
cards
Game theory
What is a game 1,
Competition between two firms 2,
The possible outcomes of a game a...
14
cards
Markets and Competition
What is a market 3 1,
Demand the amount someone would w...,
Is there a demand curve 3
10
cards
Economic Policy - Regulation of Firms
Why can a monopoly be harmful 1,
Regulation governments typically ...,
Where a monopoly is allowed to ex...
11
cards
Economic Policy - Public Goods
What two characteristics does a p...,
What is the difference between a ...,
Why are public goods a matter of ...
5
cards
Economic Policy - Cost Benefit Analysis
A policy maker will typically be ...,
Externalities i as well as the co...,
Externalities ii the social benef...
10
cards
Economic Policy - Economic Policies
Property rights 1,
Public provision 2,
Taxes and subsidies 3
6
cards
Economic Policy - Inequality and Poverty
What is poverty world banks thres...,
What is economic inequality defin...,
What is bilateral aid 3
5
cards
Measuring the Economy
What is macroeconomics 1,
What is agent based macroeconomics 2,
Why is macroeconomics 3
12
cards
Measuring the Economy: Limitations of GDP and Cost of Living
Nominal gdp what is the formula 1,
Price changes 100 025 5 10 75 gdp...,
Constant price gdp one means to c...
7
cards
Money and Banking
When might money be valued and us...,
If money is a means of payment an...,
The hierarchy of liabilities is r...
10
cards
Monetary Policy: Implementation
Bank regulation i a commercial ba...,
Bank regulation ii what does the ...,
Government bonds i what is a gove...
9
cards
Quantitative Easing
Given the above it could be sugge...,
Portfolio rebalancing ii 2,
Signalling what can be argued whe...
8
cards
The Open Economy - Balance of Payments
The total flows between countries...,
Financial flows between countries...,
Link between current account and ...
9
cards
The Open Economy - Exchange Rates
What does it mean to describe an ...,
Reasons to demand a currency trade 2,
Reasons to demand a currency inve...
9
cards
The Open Economy - Trade Policy
Ways to stop current account defi...,
The world trade organization 2,
Bilateral trade agreements 3
7
cards
More about
Y1 - Introductory Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Mabs Academy's Y1 - Introductory Economics flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics
- 25 decks
- 1413 flashcards
- 1698 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
Economics (Tina)
- 27 decks
- 726 flashcards
- 6 learners
Decks:
Production Possibility Curves And Opport, Demand Supply And Equilibrium, Government Intervention Micro, And more!
Y1 Principles
- 38 decks
- 1314 flashcards
- 10 learners
Decks:
Action Potentials, Anatomy Cardiovascular System, Anatomy Of The Cell, And more!
