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Micro Economics

This class was created by Brainscape user Cesar A. Contla. Visit their profile to learn more about the creator.

By: Cesar A. Contla
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Decks in this class (13)

Chapter 1: Basic microeconomics concepts
What is microeconomics,
What do economists do,
A few challenges in economics
22  cards
For Midterm (stuff You Have Trouble With)
Price elasticity if substitute is...,
Price elasticity of complement is...,
The world faces a scarcity of ide...
44  cards
Chapter 6: individual choice
How will individuals act to achie...,
How do economist analyse individu...,
Utility analysis
36  cards
Chapter 5: Ethics
External effects what are they,
Welfare economics,
Efficiency in economy
28  cards
Chapter 4- Elasticity
Price elasticity of demand,
What doesnt serve us well when co...,
Whats important to consider regar...
42  cards
Chapter 2- Theories, Data And Beliefs
Variables,
Data,
What do economic models and theor...
31  cards
Chapter 3: demand and supply basics
Comparative static analysis,
Equilibrium price,
Excess demand
35  cards
Chapter 7: firms, investors, and capital markets
Sole proprietor,
Partership,
Company or corporation
29  cards
chapter 8: Production and costs
What is the driving force of the ...,
What are the forms of efficient p...,
Cost reduction
49  cards
chapter 9: perfect competition
What is a monopolist market,
Perfectly competitive markets,
Where do real life markets lien t...
24  cards
chapter 10: Monopoly
Marginal revenue,
Total revenue,
What happens to the marginal reve...
39  cards
CHAPTER 11: IMPERFECT COMPETITION
Monopolist,
Perfect competition,
Matching markets
55  cards
Chapter 15: international trade bhaye
What are the two main exports of ...,
What are most countries trying to do,
Who is canadas mains partner
52  cards

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Micro Economics

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