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Madison Luyt
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Decks in this class (18)
Week 1: Introduction to Course and Introduction to Economics
Economics,
How do we manage well being,
Resource management
25
cards
Week 2: Economic Systems and Economic Thinkers
Economics,
Name the economic systems,
Nomadic hunter gatherer societies
14
cards
Week 3: Economic Thinkers Karl Marx
Karl marx his belief,
Value surplus,
How to extract surplus value
9
cards
Week 3: John Maynard Kaynes
A volatile economy volatile inves...,
Kayne s believed we used _____ to...,
Downturns recessions
6
cards
Week 4: Supply and Demand
Market,
Economic models give us insight i...,
Some examples of what supply and ...
30
cards
Week 5: Supply and Demand (week 2)
How to set up a graph,
How do we deal with a shortage
2
cards
Week 6: Midterm (nothing)
0
cards
Week 7- Elasticities
Price elasticity of demand,
Price elasticity of demand equation,
Elasticities rulesless than 1 mor...
17
cards
Week 7 - Kahoot
1 a good with a price inelastic d...,
2 which of the following does not...,
3 t f inelastic demand curves are...
10
cards
Week 8 - Production, costs, and perfect competition
Elasticity,
The purpose of a firm,
Pre 1980s businesses were seen as a
19
cards
Week 8 - Kahoot
1 an example of social cost is a ...,
2 which of the following is not a...,
3 which of the following is a bar...
10
cards
Week 9 - Market power, Strategic pricing, and monopolies
Perfect market power,
Imperfect competition,
Markup pricing
9
cards
Week 9 - Kahoot
1 imperfect competition allows us...,
2 if it cost dior 1 000 to make a...,
3 buying a competing company requ...
10
cards
Week 10: Monopolistic Competition and Oligopolies
Perfect competition,
Monopolistic competition,
Monopoly
19
cards
Week 11: Work and the labor market
Major decisions of a firm,
Wage determination,
What is salary wage based on what...
11
cards
Week 11: Kahoot
1 _________ helps explain why les...,
2 today the gender wage gap for a...,
3 currently the double wage gap f...
10
cards
Week 12: Wage gaps and minimum wage Market failures: public goods and externalities
A worker cooperative,
A worker cooperative advantages,
Disadvantages
12
cards
Week 12: Kahoot
1 _________ helps explain why les...,
2 today the gender wage gap for a...,
3 currently the double wage gap f...
10
cards
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Microeconomics
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