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Micro

This class was created by Brainscape user Anne-Sophie Verrier-Martineau. Visit their profile to learn more about the creator.

By: Anne-Sophie Verrier-Martineau
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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,
What is the buyers and the seller...
10  cards
Theme 2 - Demand
What is a consumer s individual d...,
With what does the consumer s dem...,
What is the definition of the con...
8  cards
Theme 3 - Firms, costs and profit
What is the main objective of a firm,
How do you compute revenue,
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,
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 power,
Compare the demand curve in perfe...
8  cards
Theme 7 - Pricing strategies and price discrimination
What is price discrimination,
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 to determine the maximum pric...
11  cards
Theme 9 - Game Theory and Strategic Interactions
What is a best response,
What is a dominant strategy,
What is an equilibrium
8  cards
Theme 10 - Oligopoly
What characterizes a oligopoly,
How do you compute market share,
What is the herfindahl index and ...
12  cards
Theme 11 - Asymetric information, Adverse selection
When does asymetric information o...,
When does adverse selection occurs,
Why does market failure occurs
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

  • Class purpose General learning

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