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Micro Economics

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

By: Labibah Boshor
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Decks in this class (17)

lesson 1-2
The economic problem,
What is the difference between ma...,
Ceteris paribus
29  cards
lessons 3
What is asymmetric information,
What is framing,
What is corporation tax
20  cards
lesson 4
What is land,
What is labour,
What is the primary sector and wh...
18  cards
lesson 5-6
What is an incentive and what do ...,
What else can a production possib...,
What does the production possibil...
31  cards
lesson 7
N,
Contraction of demand is caused by,
Extension of demand is caused by
15  cards
lesson 8
Where does the price mechanism op...,
What happens to the market when t...,
When we are below the equilibrium...
17  cards
lesson 9
What is revenue,
Equation for revenue,
What does the elasticity of deman...
29  cards
lesson 10
What does yed income elasticity o...,
Formula for yed,
How is it numerically different t...
17  cards
lesson 11
Demand is the relationship betwee...,
Cross elasticity of demand equation,
What type of numerical values can...
14  cards
lesson 12
If there is elastic supply can fi...,
If there is inelastic supply can ...,
What does pes measure
20  cards
lesson 13
When does a market reach equilibrium,
What is excess demand and some of...,
When is there a chance of paralle...
19  cards
lesson 14
What is productivity,
Productivity is a measure of,
Chain for investing in high tech ...
18  cards
lesson 15
What is an externality,
Price as a signal,
Price as an incentive
24  cards
lesson 16
Monopoly,
Oligopoly,
Market failure
20  cards
lesson 17
What is a private cost,
What is a private benefit,
What are the two things the free ...
21  cards
lesson 18
What is imperfect market information,
When do information gaps exist,
George akerlof and akerlof s lemons
6  cards
lesson 19
Should governments intervene what...,
Should governments intervene what...,
What ways can governments correct...
11  cards

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Micro Economics

  • Class purpose General learning

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