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Kruti Mundada
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Decks in this class (13)
chapter one: economic principles
What are the four core principles...,
What is the cost benefit principle,
What are you supposed to think ab...
27
cards
chapter 2: demand and consumer choice
What is individual demand,
What is an individual demand curve,
What is ceteris paribus
25
cards
chapter 8: gains from trade
What is gains from trade,
What is comparative advantage,
What is absolute advantage
4
cards
chapter 3: supply
What is an individual supply curve,
Which way are supply curves typic...,
What is the relationship displaye...
27
cards
chapter 4: equilibrium
What are the two types of economy,
What is a planned economy,
What is a market economy
19
cards
chapter 5: elasticity
What are the assumptions of a com...,
What is price elasticity of demand,
What is the most general formula ...
33
cards
chapter 6: taxes
How do taxes affect buyers,
How do taxes affect sellers,
What does it mean by an equivalen...
25
cards
chapter 7: welfare economics
What is positive analysis,
What is normative analysis,
What is economic efficiency
33
cards
chapter 10: externalities
What is an externality,
What is a negative externality,
What is a positive externality
33
cards
chapter 14: market structure and degrees of market power
What does market structure refer to,
What is market power,
What are the four types of market...
31
cards
chapter 15: entry, exit, and long-run profitability
What is accounting profit,
What is the formula for accountin...,
What is an explicit financial cost
42
cards
chapter 11: the labour market
When markets are perfectly compet...,
What is marginal revenue product,
What is the formula for marginal ...
22
cards
chapter 18: game theory
What is game theory,
What is strategic interaction,
What are the four elements of a game
7
cards
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econ 101
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