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Lathan Yoga
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Decks in this class (20)
1.2.1 Rational decision making
What is utility,
What is total and marginal utility,
What is marginal utility
6
cards
1.2.8 CS And PS
What does the demand curve also t...,
The most consumers are willing to...,
What is marginal benefit
13
cards
CS And PS Changes
Does change in demand affect cs o...,
Does change in supply affect cs o...
2
cards
1.2.9 Subsidies
What is a subsidy,
What happens to the supply curve ...,
What will producers be willing to...
11
cards
1.3.1 Types Of Market Failure
What is market failure,
What is partial and complete mark...,
How many types of market failure ...
3
cards
1.3.2 Negative Externalities
What are negative externalities,
What does taxing goods like cigar...,
What does negative externalities ...
31
cards
Gov Solutions to negative externalities
What happens when consumers and p...,
How can the government prevent we...,
What will an indirect tax do
33
cards
Positive externalities
Why would the gov provide free he...,
What are positive externalities,
What are positive consumption ext...
22
cards
Gov solutions to positive externaities (underconsumption or underproduction)
What happens when producers and c...,
What is one way to solve the unde...,
What is a subsidy
14
cards
OQT framework to evaluate externalities
What does the oqt framework stand...,
How do you,
How do you follow q
5
cards
1.3.3 Public goods
What are public goods and give ex...,
What is a non excludable good,
What is a non rival good
6
cards
Gov solutions to Public goods
How does the government intervene...,
What is it this type of supply ca...,
Why are healthcare and education ...
7
cards
1.3.4 Information Gaps
What are information gaps and wha...,
What does having more information...,
What are the two types of informa...
9
cards
Gov solution for incompete Info
Yes,
What is the 2nd way government in...,
What is the 3rd way government in...
8
cards
Gov solution for Asymmmetric info
What is one way government can in...,
What is another way government ca...,
What are other examples of asymme...
3
cards
1.4.2 Goverment Failure
What is government failure define...,
What are the 4 main causes of gov...
2
cards
Distortion Of Price Mech
In big bang theory how an earth w...,
Where would the gov set this maxi...,
However what would lower prices d...
12
cards
The law of unintended consequences
What does the law of unintended c...,
What is one example of the law of...,
What is another example of the la...
4
cards
1.2.2 Demand
What is demand,
When we assume ceteris paribus an...,
What are the factors that affect ...
11
cards
Info Gaps And Admin Costs
How does info gaps lead to market...,
What is an example of gov of info...,
How do admin costs lead to gov fa...
3
cards
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Economics Theme 1
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