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Microeconomics

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

By: Nia Kharaishvili
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Decks in this class (17)

Intro
What is economics,
Resources,
Scarcity arises because
18  cards
Trade-off And Trade
What is model,
Models are,
Other things equal assumption
12  cards
Supply And Demand
Markets,
Competitive market,
What does supply and demand model...
19  cards
Consumer And Producer Surplus
Consumers willingness to pay,
Individual consumer surplus,
Total consumer surplus
16  cards
Bonus Questions
Shallow understanding from people...,
Heuristics refer to,
Fundamentally in a syster where t...
3  cards
Price Controls
Price controls,
Price ceiling,
Price floor
18  cards
Elasticity
Price elasticity of demand,
Elastic demand,
Inelastic demand
13  cards
Taxes
Excise tax,
Incidence,
Tax revenue
20  cards
International Trade
Imports and exports,
Globalization,
Forces driving globalization
13  cards
Formulas
Economic profit,
Accounting profit,
Elasticity
5  cards
Decision Making By Individual And Firms
Explicit costs,
Implicit cost,
Total opportunity cost
12  cards
Rational customer
Individual consumption bundle,
Marginal utility,
Principle of diminishing marginal...
5  cards
Inputs And Costs
Long run,
Short run,
Marginal product
11  cards
Perfect Competition
Perfectly competitive market,
Perfectly competitive industry,
Market share
11  cards
Monopoly
Monopoly,
Monopolist demand curve,
Individual perfectly competitive ...
7  cards
Oligopoly
Oligopoly,
Herrindahl hirschman indexhhi,
Duopoly
18  cards
Monopolistic Competition
Monopolistic competition,
3 types of differentiation,
Competition among sellers
10  cards

More about
Microeconomics

  • Class purpose General learning

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