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Economics, Micro

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

By: fatima kashif
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Decks in this class (16)

CH17: Wage determination
What are the factors for high pro...,
What is the relation between real...,
What is monopsony
7  cards
CH16:Demand for resources
What is resource demand,
Why is resource price important,
What is derived demand
13  cards
CH 13: Oligopoloy
What are the characteristics of o...,
Does oligopoly have efficiency,
What is nash equilibrium
10  cards
CH 12: Monopolistic Competition
What are the characteristics of m...,
What are the forms of differentia...,
What are the features of industri...
10  cards
CH11:Pure monopoly
What is pure monopoly,
What are the characteristics of p...,
What is x inefficiency
9  cards
Ch 10: Perfect Competition
What are the characteristics of p...,
What is marginal revenue,
When do producers produce their p...
9  cards
CH9: business and cost of production
Implicit cost,
Explicit cost,
What is constant returns to scale
13  cards
CH7: Utility maximization
What is diminishing marginal utility,
What are the assumptions about co...,
Marginal utility per dollar
6  cards
CH6: Elasticity
What is price elasticity of demand,
What is the formula for ped,
Elastic deman
16  cards
CH5: Public goods and government failure
What is demand side market failure,
What are characteristics of priva...,
What are characteristics of priva...
5  cards
CH4: Market failures
What is the relation between cons...,
What is consumer surplus,
What is producer surplus
7  cards
CH 3:Demand and supply
What is demand,
What is supply,
What is the diminishing marginal ...
13  cards
CH2: Market system and circular flow
What are the type of market system,
Command system,
Market system
10  cards
CH1:Limits, alternatives and choices
What is opportunity cost,
What is the formula to calculate ...,
Positive economics
8  cards
CH21: Anti-trust policies
What are anti trust policy,
What is industrial regulation,
What is social regulation
10  cards
CH26: International trade
Trade deficit,
Trade surplus,
Absolute advantage
11  cards

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Economics, Micro

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