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ECON1101

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

By: Sascha Loneragan
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Decks in this class (11)

Topic 1: Introduction
What is scarcity and why is it im...,
What are fundamental questions in...,
What are lessons from economics
3  cards
Topic 2: Demand and Supply
What is the def of demand law of ...,
What are the reasons for the inve...,
Define supply and the law of supply
20  cards
Topic 3: Elasticity
Define price elasticity of demand,
Describe the determinants of elas...,
Describe the determinant of ed
11  cards
Topic 4: Government Intervention
Describe price ceiling,
Describe price floor,
Describe the effect of price cont...
7  cards
Topic 5: Market Failure
Define externaltiy,
Describe the different types of c...,
What causes externalities
18  cards
Topic 6: Production and Costs
What is a firm,
Describe economic profit,
Define elements of the production...
9  cards
Topic 7: Perfect Competition
What are the causes of competitio...,
What is the general effect of a g...,
What is the difference between ec...
12  cards
Topic 8: Monopolies
What are the assumptions in monop...,
How do monopolies arise,
Describe revenue in monopolies
13  cards
Topic 9: Monopolistic Competition
What are the characteristics of mcs,
Descrbie monopolistic competition...,
Describe monopolisitc competition...
12  cards
Topic 10: Oligopolies
Define oligopoly,
What are the characteristics of a...,
What are the difficulties of anal...
10  cards
Topic 11: Competition Policy
What legislation deals with compe...,
How does the govt use the competi...,
How does the govt use the competi...
8  cards

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ECON1101

  • Class purpose General learning

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