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Econ 101

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

By: Michelle Unknown
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Decks in this class (16)

Econ 101: Chapter 1
Cost benefit principle,
Convert costs and benefits into d...,
Money is
29  cards
Econ 101: Chapter 2
Individual demand curve,
Demand curve axes,
Individual demand curves are
33  cards
Econ 101: Chapter 3
Supply,
Individual supply curve,
The law of supply
38  cards
Econ 101: Chapter 4
Planned economy,
Market economy,
Market
38  cards
Econ 101: Chapter 5
Price elasticity of demand is,
Price elasticity of demand,
Elastic
36  cards
Econ 101: Chapter 6
A tax on buyers,
A tax on buyers means that,
Taxes
35  cards
Econ 101: Chapter 7
Positive analysis,
Positive analysis involves,
Normative analysis
55  cards
Econ 101: Chapter 8
Gains from trade,
Money is,
Absolute advantage
23  cards
Econ 101: Chapter 9
Import,
Export,
Ou can get a better deal by tradi...
50  cards
Econ 101: Chapter 10
Externality,
Externalities lead to,
Negative externality
51  cards
Econ 101: Chapter 11
In the labour market the supply c...,
In the labour market the demand c...,
Labour market graph axies
38  cards
Econ 101: Chapter 13
Income,
Income is distributed,
Quintile
57  cards
Econ 101: Chapter 14
Market structure industrial organ...,
Market power,
The higher your market power
60  cards
Econ 101: Chapter 15
Accounting profit,
Total revenue,
Explicit financial costs
46  cards
Econ 101: Chapter 18
Game theory,
Strategic interactions,
4 steps to make good strategic de...
44  cards
Econ 101: Chapter 19
Private information,
Asymmetric information,
In the scenario of buying a used car
40  cards

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Econ 101

  • Class purpose General learning

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