This class was created by Brainscape user Anne-Sophie Verrier-Martineau.
By:
Anne-Sophie Verrier-Martineau
- decks
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Decks in this class (12)
Theme 1 - Gains from trade
What is the difference between va...,
What is the free trade condition 2,
What is the buyer s and the selle...
10
cards
Theme 2 - Demand
What is a consumer s individual d...,
What does the consumer s demand c...,
What is the definition of the con...
8
cards
Theme 3 - Firms, costs and profit
What is the main objective of a f...,
How do you compute revenue 2,
What is the trade off that produc...
14
cards
Theme 4 - Competitive Supply
What are the conditions for perfe...,
We say that in perfect competitio...,
How does the firm choose its sell...
8
cards
Theme 5 - Market Equilibrium
Define market equilibrium 1,
What are the factors affecting su...,
What is total welfare what does i...
5
cards
Theme 6 - Monopoly and Market Power
What are the characteristics of t...,
What are the sources of market po...,
Compare the demand curve in perfe...
8
cards
Theme 7 - Pricing strategies and price discrimination
What is price discrimination 1,
One theater offers a 25 discount ...,
What are the conditions necessary...
10
cards
Theme 8 - Value of Information
What do we use to determine attit...,
What are the three attitudes towa...,
How do we determine the maximum p...
11
cards
Theme 9 - Game Theory and Strategic Interactions
What is a best response 1,
What is a dominant strategy 2,
What is an equilibrium 3
8
cards
Theme 10 - Oligopoly
What characterizes a oligopoly 1,
How do you compute market share 2,
What is the herfindahl index and ...
12
cards
Theme 11 - Asymetric information, Adverse selection
When does asymetric information o...,
When does adverse selection occurs 2,
Why does market failure occurs 3
9
cards
Theme 12 - Asymetric information, Moral Hazard and Contracts
What is moral hazard what can it ...,
Describe the relation principal a...,
What happens to the principal whe...
5
cards
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Micro
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