This class was created by Brainscape user lily w. Visit their profile to learn more about the creator.
By:
lily w
- decks
- flashcards
- learners
Decks in this class (19)
ch 1 terms
Scarcity,
Diminishing returns,
Define economics
5
cards
ch 2 terms
Positive statement,
Normative statement,
Economist scientists
6
cards
ch 21 terms
Consumer choice,
Define inferior good,
Define normal good
15
cards
ch 4 terms
Define market,
Define competition,
Define competitive market
18
cards
ch 5 terms
Define price elasticity of demand,
What is total revenue,
What does it mean if price elasti...
17
cards
ch 6 terms
How to calculate tax rev,
Define price ceiling,
Define binding price ceiling
14
cards
ch 9 terms
Define comparative advantage,
Define globalization,
Autarky
28
cards
ch 7 terms
Define consumer surplus,
Define marginal buyer,
Define producer surplus
4
cards
ch 10 terms
Define externality,
Define positive externality,
Define negative externality
15
cards
ch 11 terms
What are public goods,
Define excludable,
Define rival in consumption
11
cards
Ch 13 terms
Define theory of the firm,
Define industrial organization,
Define explicit costs
32
cards
Ch 14 terms
Define perfect competition,
How to calculate total revenue,
How to calculate avg rev
15
cards
ch 15 terms
Define monopoly,
Define barrier to entry,
What are the three barriers to entry
19
cards
ch 16 terms
Define oligopoly,
Define concentration ratio,
Define monopolistic competition
14
cards
ch 17 terms
Define oligopoly,
Define concentration ratio,
Define game theory
27
cards
ch 18 terms
What are factors of production,
Most important factor of production,
What makes up 60 of income in canada
14
cards
ch 19 terms
Define compensating differential,
Define human capital,
What is the human capital theory
8
cards
ch 20
Define gini coefficient,
Define r factor,
What is the poverty line
36
cards
ch 22 terms
Define asymmetric info,
Define agent,
Define principal
26
cards
More about
econ 1150
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study lily w's econ 1150 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
econ
- 37 decks
- 702 flashcards
- 13 learners
Decks:
Economics As A Social Science 111, Market Failure 13 Gov Intervention 14, Theme 2 21 Measures Of Economic Performa, And more!
[OBSELETE] S - Econ
- 42 decks
- 1521 flashcards
- 4 learners
Decks:
Theme 2, Theme 1, Globalisation, And more!
