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Decks in this class (8)
Chapter 1 - Econ issues and concepts
Economics def 1,
Scare resources scarcity def 2,
Factors of production what they a...
41
cards
Chapter 2 - Economic theories, data and graphs
Normative statement def 1,
Positive statements def 2,
Why economists disagree in public...
29
cards
Chapter 3 - Demand, supply and price
What is quantity demanded 1,
Quantity bought differs from quan...,
Flow variable ex 3
49
cards
Chapter 4 - Elasticity
Elastic demand def 1,
Inelastic demand def 2,
Elasticity is related to the ____...
53
cards
Chapter 5 - Markets in action
What is partial equilibrium analy...,
What economists use when they stu...,
Situations where gvt may think ab...
38
cards
Chapter 6 - Consumer behaviour
What motivates consumer 1,
Utility def 2,
Total utility def 3
33
cards
Chapter 7 - Producers in the short run
6 types of firms 1,
One other type of firms 2,
2 types of financial capital firm...
49
cards
Chapter 8 - Producers in the long run
Technical efficiency def 1,
Economic efficiency def 2,
Maximal profits go with minimal _...
36
cards
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ECON 208
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