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Decks in this class (20)
1. The Consumer Problem
Why does a soda machine only disp...,
What is the law of completeness,
What is the law of transitivity
30
cards
1b. budget constraint
What is the opportunity set,
Wha,
What is the equation of the budge...
13
cards
2. The Demand Curve
What would happen to this curve i...,
Where do you plot the price consu...,
How do you plot the demand curve
37
cards
2b. Labor supply curves
What is the definition of leisure,
What is the equation for number o...,
What is the denotation of total i...
12
cards
3a. Firms and Production
What does this equation tell us,
What are the 3 inputs of a produc...,
Which two inputs do we usually us...
36
cards
3b. Costs
What is the definition of technic...,
What is the definition of organiz...,
What is the difference between ne...
20
cards
4a. Short-run Costs and Production
What is the tc equation,
What is total cost,
What is specific about variable c...
34
cards
5a. Market Competition
What is the goal of the seller,
How much can a seller get for a p...,
What does the profit equation for...
36
cards
5b. Competition Maximizes Welfare
What is consumer welfare,
What is,
How is consumer surplus shown on ...
18
cards
Extra notes from studying
How do you derive the budget line,
What would the budget line be if ...,
3
cards
6a. Monopoly, Cartels, Monopolistic Competition
Are monopolies price takers,
Monopoly output is the __________...,
Monopoly demand curve is the ____...
31
cards
6b. Cartels and Monopolistic Competition
What is a cartel,
Why do cartels form,
Why do cartels fail
15
cards
7. Imperfect Competition
What is an oligopoly with 2 firms...,
What are some assumptions that we...,
What is the cournot equilibrium
10
cards
7b. Stackelberg
What is the key to the stackelber...,
What advantage does the leader have,
So the leader will work ______ to...
13
cards
7c. Bertrand
What is specific about the bertra...,
Bertrand equilibrium is a set of ...,
What are some of the assumptions ...
9
cards
8a. Decisions under Uncertainty
What is risk averse,
What is risk neutral,
What is risk preferring
15
cards
9a. Introduction on Asymmetric Information
What is asymmetric information,
What are the two main types of as...,
What is adverse selection
22
cards
9b. Signaling in the Labor Market
What is the problem of asymmetric...,
What is the education as a signal...,
What are some
15
cards
10a. Externalities and Public Goods
What is an externality,
What is a negative externality,
What s an example of a negative e...
25
cards
10b. Property Rights, Rivalry, Exclusion and Public Goods
What could the government do inst...,
What is property right,
What is an example of a property ...
20
cards
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KCL Intermediate Microeconomics
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