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Micro

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

By: Christopher Sheridan
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Decks in this class (10)

Supply and Demand
What is demand,
What is the difference between qu...,
Give a real world example of quan...
47  cards
Utility maximisation
What can economists explain about...,
Why must people make choices,
What are constrained optimisation...
40  cards
The core of Capitalism: The Profit-Maximising Firm
Why must you understand how firms...,
How do all firms go about maximis...,
Why do economists assume that the...
66  cards
Free Markets and Competition
Why do economists love competitiv...,
What conditions must be met if fr...,
What conditions must be met if fr...
50  cards
Monopolies
What are the major problems which...,
What causes the difference in out...,
Where do bad outcomes generated b...
48  cards
Oligopoly and Monopolistic Competition
What is an oligopoly,
What is monopolistic competition,
To explain how oligopoly firms in...
55  cards
Property rights
Using an example explain how peop...,
How do markets achieve socially o...,
Give an example of how property r...
41  cards
Market Failure: Asymmetric info and Public Goods
What is meant by asymmetric info,
What is a public good,
What does asyymetric info limit
67  cards
Economists
Who was adam smith,
Was adam smith naive about his be...,
Who was david ricardo
31  cards
Economic Fallacies
What is the lump of labour fallacy,
Did frances solution to unemploym...,
What would happen if laws were pa...
19  cards

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Micro

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