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Dylan Ottey
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Decks in this class (26)
L2 - Thinking like an Economist
What is the role of an economist,
What makes a good theory,
What are the main characteristics...
23
cards
L3 - Supply and Demand
What is demand,
What is supply,
What are agents
26
cards
L4 - Equilibrium
What is excess demand and excess ...,
What is the law of price adjustment,
What is equilibrium
19
cards
L5 - Elasticity
What are determinants of price el...,
How is availability of close subs...,
How is necessities versus luxurie...
17
cards
L6 - Government Policies
Why do governments intervene in m...,
What are price ceilings,
What are the problems with price ...
11
cards
L7 - Indifference Curves
What are axioms and why do we hab...,
What do we expect of a rational b...,
What do we expect of a most peopl...
14
cards
L8 - Constraint Optimisation
How do you set up a budget constr...,
What does a budget constraint show,
How is the budget constraint effe...
11
cards
L9 - Income and Substitution
How do you create the income cons...,
What does the income consumption ...,
How can indifference curves be li...
11
cards
L10 - Consumption-Leisure Model
What does the income leisure mode...,
How can you find the optimal choi...,
How does a change in wages affect...
12
cards
L11 - Short-Run Production and Costs
What factors are variable in the ...,
What factors are variable in the ...,
What is the underlying assumption...
22
cards
L12 - Revenues and Profit Maximsation
What is a price taker,
What is a price maker,
What does the tc tr and curve loo...
11
cards
L13 - Long-Run Costs
Out of all the combinations of la...,
What factors are variable in the ...,
What are the 3 assumptions of lon...
17
cards
L14 - Perfect Competition
What is the problem with the orig...,
What is does market structure mean,
What are some real world examples...
19
cards
L15 - Monopoly
What is a monopoly,
What are some assumptions for mon...,
What is the appropriate market st...
14
cards
L16 - Price Discrimination
What are the condition necessary ...,
What assumption do we make when u...,
What is first degree price discri...
14
cards
L17 - Monopolistic Competition
What is the competition spectrum,
What are the two types of perfect...,
What are the two types of imperfe...
22
cards
L18 - Game Theory
What is game theory,
What are strategic interaction re...,
What are the decision makers call...
14
cards
L19 - Cournot Competition
Who are cournot and bertrand,
What are the assumptions of oligo...,
What is the market structure of o...
13
cards
L20 - Price-Setting Oligopolists
What are the specific assumptions...,
What is the difference between in...,
What are two further specific ass...
13
cards
L21 - Collusion
What are the conditions necessary...,
What type of well known game are ...,
How do you solve a finitely repea...
10
cards
L22 - Perfect Labour Markets
What are the factors of production,
Which factor of production is var...,
What are the two main costs to th...
23
cards
L23 - Imperfect Labour Markets
What is a monopsony,
What is assumption 1 of imperfect...,
What is assumption 2 of imperfect...
24
cards
L24 - The Efficiency of Markets
What is the difference between ef...,
For the most part when do markets...,
What is meant by efficiency
14
cards
L25 - Externalities
What is market failure,
What are external benefits and co...,
What are the characteristics of e...
11
cards
L26 - Public Goods and Common Resources
What have we previously assumed a...,
What are the 4 types of goods,
What are rivalry and non rivalry ...
15
cards
L27 - Information
What is imperfect information,
What is asymmetric information,
What is happen in a market when t...
12
cards
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18ECA002 - Principles of Microeconomics
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