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ECO1013 The Economy

This class was created by Brainscape user Anna Pollock. Visit their profile to learn more about the creator.

By: Anna Pollock
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Decks in this class (7)

Unit 1- The Capitalist Revolution
What is the 90 10 ratio,
Purchasing power parity,
Industrial revolution
5  cards
Unit 2- Technology, Population and Growth
General purpose innovation defini...,
Subsistence level definition,
Economic rent definition
5  cards
Unit 3- Scarcity, Work and Choice
Indifference curve definition,
Marginal rate of substitution mrs...,
Feasible frontier definition
7  cards
Unit 4- Social Interactions
Strategic interaction definition,
Dominant strategy definition,
Dominant strategy equilibrium def...
4  cards
Unit 5- Property and Power: Mutual Gains and Conflict
Pareto dominant allocation defini...,
Pareto efficient definition,
Substantive judgements of fairnes...
5  cards
Unit 6- The Firm: Owners, Managers and Employees
Residual claimants definition,
Efficiency wages definition
2  cards
Unit 7- The Firm and its Customers
Economies of scope definition
1  cards

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ECO1013 The Economy

  • Class purpose General learning

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