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ECON102 - Micro

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

By: Mutsam Ismeil
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Decks in this class (14)

Markets, Supply, and Demand
Scarcity 1,
Market 2,
Demand curve 3
10  cards
Elasticity: Understanding How Demand Responds to Price Changes
Price elasticity of demand 1,
Elastic demand 2,
Inelastic demand 3
20  cards
Elasticity: Understanding How Demand Responds to Price Changes
Elasticity 1,
Price elasticity of demand 2,
Elastic demand 3
19  cards
Positive vs. Normative Economics
Positive economics 1,
Normative economics 2,
Consumer surplus 3
10  cards
Consumer Theory: Understanding Demand
Consumer theory 1,
Marginal rate of substitution mrs 2,
Consumption bundle 2
17  cards
Producer Theory
Profit equation 1,
Production function 2,
What distinguishes the short run ...
10  cards
Perfect Competition
Perfect competition 1,
Imperfect competition 2,
Product differentiation 3
20  cards
Game Theory
Game theory 1,
Strategic situations 2,
Non strategic situations 3
20  cards
Oligopoly and Monopolistic Competition
Oligopoly 1,
Strategic interaction 2,
Collusion 3
20  cards
Labour Markets
Labour market 1,
Circular flow diagram 2,
Trade off in labour supply 3
20  cards
Choice Under Risk and Uncertainty, Asymmetric Information, and International Trade
Risk vs uncertainty 1,
Expected value ev 2,
Fair lottery 3
10  cards
Asymmetric Information
Asymmetric information 1,
Hidden characteristics 2,
Hidden actions 3
10  cards
International Trade
Opportunity cost 1,
Absolute advantage 2,
Comparative advantage 3
10  cards
Externalities and Public Goods
Externality 1,
Negative externality 2,
Positive externality 3
20  cards

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ECON102 - Micro

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