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ECON 208, Microeconomics

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

By: Amanda Leloup
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Decks in this class (9)

CH1 - Economics Issues and Concepts
What is the definition of economics,
What are three types of resources,
What are factors of production
36  cards
CH2 - Economic Theories, Data, and Graphs
What is a normative statement,
What is a positive statement,
What is the difference between an...
13  cards
CH3 - Demand, Supply and Price
What is quantity demanded,
Name 6 variables that influence d...,
Latin expression meaning all thin...
47  cards
CH4 - Elasticity
When is a good elastic,
When is a good inelastic,
What are the effects of elastic d...
39  cards
CH5 - Price Controls and Market Efficiency
How is quantity exchanged determi...,
What is a price floor,
When is a price floor binding
14  cards
CH11 - Imperfect Competition and Strategic Behaviour
When are market structures consid...,
Waht are the two common types of ...,
What is the theory of monopolisti...
24  cards
CH16 - Market Failures and Government Intervention
What are the 2 approaches for def...,
What is market failure,
When are resources allocated effi...
23  cards
CH19 - The Gains from International Trade
What is international trade,
When did volume of global trade d...,
What determines opportunity costs...
27  cards
CH20 - Trade Policy
What is free trade,
What is protectionism,
What are tariffs
29  cards

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ECON 208, Microeconomics

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