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- flashcards
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Decks in this class (19)
Budget Constraints
Budget line 1,
Budget set constraint 2,
Increasing income 3
9
cards
Preferences
Rationality 1,
Assumptions on preferences 2,
Notation 3
14
cards
Utility
Utility 1,
Utility function 2,
Ordinal utility 3
11
cards
Consumer Demand
Demand curve 1,
Demand curve for perfect substitu...,
Demand curve for perfect compleme...
7
cards
Income and Substitutional Effects
Substitution effect 1,
Income effect 2,
Lauffe curve 3
3
cards
Market Demand
Market demand 1,
Representative consumers 2,
Inverse demand function 3
3
cards
Elasticities (Price Elasticity of Demand)
Elasticity 1,
Inelastic demand 2,
Elastic demand 3
11
cards
Income Elasticity, Cross Price Elasticity, Price Elasticity of Supply
Income elasticity 1,
Incoeme elasticity coefficient 2,
Cross price elasticity 3
6
cards
Equilibrium and Welfare
Competitive market atributes 1,
Competitive market equilibrium 2,
Shortage 3
12
cards
Assumptions on Firm Technology
Firms 1,
Inputs factors of production 2,
Physical capital 3
19
cards
Costs
Two types of costs 1,
Average fixed costs afc 2,
Average variable costs avc 3
9
cards
Tax Subsidy and Elasticity
Inelastic demand effect of tax su...,
Elastic demand effect of tax subs...,
Inelastic supply effect of tax su...
4
cards
Competitive Firms and Market Profit Maximization
Perfectly competitive market prim...,
Supply curve 2,
Opportunity cost 3
12
cards
Competitive Firms an Market Industry Supply
Industry supply 1,
Long run equilibrium 2,
Short run equilibrium 3
3
cards
Monopoly and Monopolistic Competition
Monopoly market structure attribu...,
Patent 2,
Price setters 3
6
cards
Game Theory
Game theory is 1,
Simultaneous games 2,
Payoff matrix 3
10
cards
Oligopoly
Market structure for oligopoly 1,
Duopoly 2,
Simultaneous game 3
5
cards
Public Goods
Excludable goods 1,
Non excludable goods 2,
Rivalrous goods 3
12
cards
Externalities
Externalities 1,
Positive externalities 2,
Negative externalities 3
8
cards
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Microeconomics
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