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Microeconomics for business

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

By: Emily Thompson
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Decks in this class (9)

Consumer theory 1
What are the assumptions about co...,
Define the following a total util...,
What is equi marginal principle i...
18  cards
Consumer theory 2
What is a perfect substitute what...,
What is a perfect complement what...,
Where does consumption take place...
20  cards
Consumer theory 3
What is a giffen good,
What are the two effects of a cha...,
How does the substitution effect ...
12  cards
International trade
What is a autarky and b trade lib...,
Why are countries interdependent,
Define relative price
32  cards
Factor markets
What are fop how are price and qu...,
What does derived demand mean,
What are the assumptions about th...
32  cards
Market failure
When is social efficiency acheived,
What is pareto optimality,
What is market failure and how ca...
47  cards
Intertemporal choice
What is intertemporal choice,
What are the features of robinson...,
What shape is the indifference cu...
23  cards
Game theory
What is game theory,
Define the following playersstrat...,
Whats a simulataneous move game n...
16  cards
Choice under uncertainty
How are risky choices presented,
What does economic jargon call ou...,
Whats a fair gamble and give an e...
13  cards

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Microeconomics for business

  • Class purpose General learning

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