This class was created by Brainscape user Jakub Trybull. Visit their profile to learn more about the creator.
By:
Jakub Trybull
- decks
- flashcards
- learners
Decks in this class (20)
1 What is Economics?
What does economics study,
Two concepts underpinning economics,
Define opportunity cost
18
cards
2 Specialisation and Trade
What happened to gdp per capita o...,
Effects of,
Define absolute advantage
19
cards
3 Technological Progress
How has the labour productivity o...,
How has the speed of information ...,
Why did the industrial revolution...
10
cards
4 Demand and Supply
Difference between supply side an...,
What is the objective of the basi...,
What is the basic supply and dema...
47
cards
5 Comparative Statics
What does market clearing price mean,
Will markets always find their eq...,
What is the forward problem what ...
11
cards
6 Surplus and Welfare
What is the loss of overall surpl...,
What are the two main types of pr...,
On what grounds are price control...
39
cards
7 Modelling the Production Process
Inputs and outputs of the product...,
Define production set,
How can we show the production se...
28
cards
8 Modelling Costs of Production
General cost function for y kalb,
How can you get the intercepts of...,
What is the slope of an isocost l...
25
cards
9 Modelling Competitive Supply
Characteristics of competitive ma...,
Determine an equation for a price...,
When can firms stay in business w...
14
cards
10 Preferences and the Budget Constraint
How do people choose,
What conditions are there for wel...,
What is a utility function
31
cards
11 Demand and Price Changes
How do we fine the optimal point ...,
What are the,
4 steps to finding the optimal po...
30
cards
12 Game Theory
What do games compose of 4,
Define dominant strategy,
Define dominant strategy equilibrium
11
cards
13 Social Preferences
How can we model altruism diagram,
Define inequality aversion,
Define reciprocity
12
cards
14 The Firm
Define contract,
What is meant by the separation o...,
How do contracts affect the firm
15
cards
15 The Price-Setting Firm
Is this situation pareto efficient,
What are the criteria for perfect...,
Implications if perfect competiti...
17
cards
16 Power
What are the main three sources o...,
How do economies of scale provide...,
How does control of resources pro...
14
cards
17 Other Market Structures
When is there a monopsony when is...,
What is the maximisation problem ...,
How do we solve the monopsonist m...
24
cards
18 Public Goods
When do market failures arise 4,
When do externalities occur,
Two key features of public goods ...
15
cards
19 Social Planning and Government
What would a social planner do in...,
How do we choose a combination of...,
Samuelson and cournot nash condit...
11
cards
20 Negative Externalities
What are each firm s profit function,
How can we find a better approach,
What is coase s theorem 1960
22
cards
More about
Prelims - Microeconomics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Jakub Trybull's Prelims - Microeconomics flashcards for their Bristol Grammar School class now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Bacte Lec (Overview) [Prelims 1]
- 34 decks
- 1034 flashcards
- 1 learners
Decks:
1 Overview, 11 Discussion Additions Overview, Ex Nomenclature For Uncommon Name, And more!
MicroEconomics!
- 14 decks
- 323 flashcards
- 9 learners
Decks:
Cct1 Axioms Of Consumer Theory, Cct2 Utility Functions And Marshallian D, Cct3 Slutsky Equation Hicksian Demand Co, And more!
AP Microeconomics
- 10 decks
- 428 flashcards
- 219 learners
Decks:
Introduction, Consumer Theory, Producer Theory, And more!
