This class was created by Brainscape user abbas nathani.

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Decks in this class (35)

Topic 1: The Market System
Two key componenets for the marke...,
Partial equilibrium analysis 2,
General equilibrium analysis 3
45  cards
Topic 2: General Competitive Equilibrium
How do you solve for gce in an en...,
2 main conditions for gce 2,
How do you account for numerous c...
36  cards
3. Social Welfare
Positive economics 1,
Normative economics 2,
Welfare economics 3
56  cards
4. Markets and Inequality
How is income distributed in the ...,
Effect with a shock to bilals pro...,
Does the market system generate e...
37  cards
5. Markets with behavioural consumers
What is behavioural economics 1,
Bounded rationality 2,
What did gary s becker say 3
42  cards
6. Decision Making with Risk
What is risk 1,
What is uncertainty 2,
How do we say agents choose betwe...
45  cards
7. Insurance Markets: Risk and Averse Selection
Whaere does demand for insurance ...,
What are ways of reducing risk as...,
Draw the state contigent income s...
65  cards
8(i) Adverse Selection in Products
Adverse selection 1,
Moral hazard def 2,
Assymetric information def and ty...
45  cards
8 (ii) Adverse Selection in Jobs
What is adverse selection in jobs...,
What does adverse selection in jo...,
What model did spence 1973 make 3
25  cards
9. Assymetric Information - Moral Hazard
Diff between pareto criterion and...,
Moral hazard definition 2,
Moral hazard in insurance 3
55  cards
10. Public Goods and Externalities
How can public goods be define as...,
How does the markey system deal w...,
Define an externality 3
60  cards
Incentives and Solutions (Lazear, 2018)
What non monetar incentives are d...,
What are tournament incentives 2,
What are career incentives 3
6  cards
Roth (2017)
What is a repugnant market 1,
What are the three characteristic...,
Does repugnange conclude efficien...
14  cards
Backhouse et al. (2020) & Sen (1971)
Define welfare economics 1,
What is non welfarism 2,
What does freedom autonomy libera...
14  cards
Starmans et al. (2017), Hufe et al. (2018), Nozick (1974), Sen (1974), Piketty (2013), Stiglitz (2012)
What are the main drivers of ineq...,
What is nozick 1974 view on the m...,
What is pikkety 2013 s critique o...
16  cards
Week 5: Gubb (2015), Kahnemann and Thaler (2006) & Kahneman (2011)
What biases do kahneman and thale...,
What does grubb 2015 say 2,
Governmental solutions to behavio...
16  cards
Week 6-7: Stezka and Winter (2011) & Schemiser et al. (2014)
What does stezka and winter 2011 ...,
What do stezka and winter 2011 sa...,
What do schemiser et al 2014 say ...
14  cards
Week 8-9: Wyness et al. (2021), Feng and Graetz (2017) & Lazear (2018)
What does wyness et al 2021 say a...,
What do feng and graetz 2017 say ...,
What do wyness et al 2019 discuss...
17  cards
Week 10: Chan et al. (2018), Altundas et al. (2021)
What does chan et al 2018 discuss...,
What does chan et al 2018 discuss...,
What does altundas et al 2021 dis...
13  cards
Problem Set 1
When would consumers never exchan...,
When can an allocation be pe with...,
How to derive dimensions of the e...
6  cards
Problem Set 2
If ya doesn t exist in the utilit...,
Where to apply walrus law 2,
What do we require to rank utilit...
6  cards
Problem Set 3
If both utilities provide postiiv...,
How to do lorenz curve 2,
Backhouse et al 2022 on welfarist...
7  cards
Problem Set 4
How to sketch lorenz curve 1,
What weight does the gini coeffic...,
Rawlsian distributes until 3
5  cards
PS5
First step of demand function 1,
How to adjust for demand function...,
Monopoly firm profit function 3
4  cards
PS6
What is jensens inequality 1,
How do you calculate u e l 2,
How do you calculate the eu l 3
9  cards
PS7
How does risk sharing joint ventu...,
How does risk pooling doing multi...
2  cards
PS8
How to calc insurance premium whe...,
How to calculate fair odds line 2,
What happens in competitive equil...
6  cards
PS9
Draw the full information case in...,
What do indiff curves represent 2,
How do we find the wages in a con...
8  cards
PS10
Dominant strategy 1
1  cards
Exam Hard qs
Blank 1
1  cards
Interactive Session 1
Media 1,
How could r be an optimisation 2,
Media 3
7  cards
Interactive Session 2
If anna has price setting power w...,
Is gme pe 2,
How does gme effect prices 3
7  cards
Interactive Session 3
If a system of funding betrays ut...,
Would putting a tax on two behavi...
2  cards
Interactive Session 4
How do we calculate when consumer...,
How would information provision h...
2  cards
Interactive Session 5
How do we determine an equilibriu...,
How to find gov bc 2,
How do we find values of y for wh...
6  cards

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EC2A3

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