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Economic Analysis and Policy

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

By: Amisha Das
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Decks in this class (10)

Week 1 - Basic Principles of Economics
Relationship between market freed...,
Relationship between market freed...,
What is the economic problem
13  cards
Week 2 - Gains from trade & the competitive market
What are gains from trade,
When are gains from trade possibl...,
How should an economy allocate pr...
19  cards
Week 3 - Welfare and price controls in the competitive market
What does the marginal cost curve...,
What is producer surplus,
What is consumer surplus
15  cards
Week 4 - Elasticity
What is price elasticity of demand,
Explain the ped numbers,
When do you calculate elasticity ...
16  cards
Week 5 - Taxation and utility
What is a specific tax,
What is ad valorem tax,
What is tax incidence
30  cards
Week 6 - Consumer theory I: Utility and indifference analysis
What is a budget line,
Describe the observation to a cha...,
What general formula determines t...
16  cards
Week 7 - Consumer theory II: Indifference curves and labour supply
Explain substitution and income e...,
What is a giffen good,
How does a per unit tax on a sing...
4  cards
Week 8 - Theory of the firm I: Cost functions and the long run input mix
What is a firm,
What are sole traders and partner...,
What is a company
21  cards
Week 9 - Theory of the firm II: The competitive environment
What formula represents productio...,
What is an isoquant,
What are 2 rules of the relations...
12  cards
Week 10 - Imperfect competition, labour demand, risk and asymmetric information
What are the characteristics of a...,
What are the characteristics of a...,
What is collusion
17  cards

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Economic Analysis and Policy

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