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Economics 214

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

By: Michael Mariano
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Decks in this class (15)

Thinking like an economist
Reservation price of activity x 1,
Sunk cost 2,
Marginal cost 3
12  cards
Supply and Demand
Market 1,
Law of demand 2,
Law of supply 3
23  cards
Rational consumer choice
Preference ordering 1,
Properties of preference orderings 2,
Completeness 3
23  cards
Individual and market demand
Price consumption curve pcc 1,
Moving from the pcc to the indivi...,
Income consumption curve icc 3
42  cards
Production
Production 1,
Production function 2,
Long run 3
18  cards
Costs
Accounting costs 1,
Economic costs 2,
Opportunity costs 3
14  cards
Perfect Competition
Economic profit 1,
Total cost 2,
Accounting profit 3
18  cards
Monopoly
Monopoly 1,
Factors that lead to a monopoly s...,
Natural monopolies 3
27  cards
Imperfect competition
Cournot model 1,
Duopoly 2,
Reaction function 3
17  cards
Introduction
Macroeconomics 1,
Models 2,
Long run growth 3
19  cards
Measurement
When and where is gdp published 1,
Approaches to measure gdp 2,
Product approach 3
32  cards
Business cycle measurement
Regularities in gdp fluctuations 1,
Deviations from trend in real gdp...,
Comovement 3
17  cards
Consumer and Firm Behavior
Dynamic vs static decisions 1,
The representative consumer 2,
The representative consumer s ind...
19  cards
Closed-Economy One-Period Model
Closed economy 1,
Closed economy one period macro m...,
Government 3
34  cards
A Two Period Model: The Consumption-Savings Decision and Credit Markets
Intertemporal decisions 1,
Consumption saving decision 2,
The government s financing decisi...
40  cards

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Economics 214

  • Class purpose General learning

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