- decks
- flashcards
- learners
Decks in this class (47)
Introduction to principles
Principle 1 choices are necessary...,
Resource 2,
Scarce 3
12
cards
Consumer Theory 1
Utility 1,
Utility key assumption 2,
Marginal revolution 3
11
cards
Consumer Theory 2
Substitution effect 1,
Income effect 2,
Do substitution and income effect...
11
cards
Consumer Theory 3
Ordinal vs cardinal utility 1,
Why ordinal utility is enough 2,
Indifference curves 3
11
cards
Consumer Theory 4
Why are indifference curves downw...,
What do steep or flat indifferenc...,
What does curvature tell us 3
10
cards
Consumer Theory 5
Our approach to utility maximisat...,
Setup 2,
Illustration of utility maximisat...
12
cards
Consumer Theory 6
Key insights 1,
What happens when the price of a ...,
Consumer responses to price chang...
11
cards
Producer theory 1
What is production 1,
Production optimisation 2,
Assumptions pt1 3
11
cards
Producer theory 2
Total product 1,
Marginal product 2,
Average product 3
12
cards
Producer theory 3
Isoquants 1,
Marginal rate of technical substi...,
Shape of isoquants 3
10
cards
Producer theory 4
Firm s expansion path in the long...,
Average total cost curve in the s...,
Marginal cost curve in the short ...
4
cards
Competition and firm decisions pt1
Consumers vs producers 1,
What is market structure defined ...,
Profit formula 3
10
cards
Competition and firm decisions pt2
Profit formula perfect competition 1,
Perfect competition short run dec...,
Perfect competition long run deci...
9
cards
Competition and firm decisions pt3
Monopoly characteristics 1,
Sources of market power 2,
Mr and tr monopoly 3
10
cards
Competition and firm decisions pt4
Oligopoly characteristics 1,
Collusion and cartel 2,
Kinked demand model 3
9
cards
Failures, inefficiencies, decisions and the government
Why do governments intervene 1,
Efficiency 2,
Inefficiency 3
13
cards
Failures, Inefficiencies, Decisions and the government 2
Taxes 1,
Tax incidence inelastic demand 2,
Tax incidence inelastic supply 3
10
cards
Failures, Inefficiencies, Decisions and the government 3
Blank 1
1
cards
Factor Markets 1
What are factor markets 1,
Introduction to the theory 2,
Demand for labour 3
11
cards
Factor Markets 2
Supply of labour 1,
Hiring in a perfectly competitive...,
Budget constraint and optimal cho...
12
cards
A brief introduction to macroeconomics 1
Real gross domestic product real ...,
Inflation rate 2,
Unemployment rate 3
10
cards
A brief introduction to macroeconomics 2
Stock variables 1,
Flow variables 2,
Value added 3
11
cards
A brief introduction to macroeconomics 3
Gross national product gnp 1,
Net national product nnp 2,
National income 3
10
cards
A brief introduction to macroeconomics 4
Producer price index ppi 1,
Personal consumption expenditures...,
Core inflation 3
8
cards
Classical Theory 1
Households 1,
Firms 2,
The government 3
9
cards
Monetary System 1
Money 1,
Functions of money 2,
Medium of exchange 3
10
cards
Monetary system 2
Money supply 1,
Monetary policy 2,
Components of money supply 3
11
cards
Monetary system 3
Bank of england monetary policy t...,
Bank rate 2,
Open market operations 3
10
cards
Monetary system 4
The role of the central bank 1,
Controlling the monetary base 2,
Controlling the reserve deposit r...
4
cards
Classical theory of inflation 1
Money velocity 1,
Quantity equation and money veloc...,
Real money balances 3
12
cards
Classical theory of inflation 2
Adjustment process 1,
What does the data say 2,
Why would central banks increase ...
10
cards
Classical theory of inflation 3
Nominal interest rate and money d...,
Liquidity and income 2,
Demand for real money balances 3
11
cards
Classical theory of inflation 4
Costs of unexpected inflation bas...,
Costs of unexpected inflation unp...,
Are there any benefits to inflati...
6
cards
Unemployment 1
Natural rate of unemployment 1,
Wage rigidity 2,
Structural unemployment 3
11
cards
Unemployment 2
Efficiency wage theory core idea 1,
5 theories of efficiency wages 2,
Nutrition theory 3
12
cards
Unemployment 3
Other sources of frictional struc...,
Public policy and frictional unem...,
Unemployment insurance 3
9
cards
Economic fluctuations 1
Gdp fluctuations 1,
Consumption and investment fluctu...,
Unemployment fluctuations 3
10
cards
Economic Fluctuations 2
Aggregate demand and quantity the...,
Shifts in aggregate demand 2,
Aggregate supply 3
10
cards
Economic Fluctuations 3
The short run effects of a decrea...,
Long run effects of a decrease in...,
Shocks and stabilisation policy 3
10
cards
Economic Fluctuations 4
Stabilisation policy 1,
Example of stabilisation policy 2,
Negative supply shock 3
4
cards
IS-LM model 1
An overview 1,
The keynesian cross planned expen...,
The keynesian cross primitives 3
11
cards
IS-LM model 2
The interest rate investment and ...,
Deriving the is curve 2,
Fiscal policy shifts in the is cu...
10
cards
IS-LM model 3
Monetary policy shifts in the lm ...,
Is lm bigger picture 2,
Fiscal policy increase in g 3
10
cards
IS-LM model 4
Monetary policy and ad 1,
Fiscal policy and ad 2,
The is lm model in the sr 3
11
cards
SRAS and Phillips Curve 1
Sticky price model 1,
Why are prices sticky 2,
Sticky price model market structu...
11
cards
SRAS and Phillips Curve 2
Change in ad and short run changes 1,
Change in ad and long run adjustm...,
Monetary policy short run vs long...
11
cards
SRAS and Phillips Curve 3
Disinflation and the sacrifice ra...,
Rational expectations and painles...,
Anchored expectations 3
3
cards
More about
Principles of Economics
- Full test name Unspecified
- Test acronym Unspecified
The creator of this class did not yet add a description for what is included in this class.
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?
Principles of Economic
- 28 decks
- 489 flashcards
- 272 learners
Decks:
Chapter 1 The Scope And Method Of Econom, Chapter 2 The Economic Problem Scarcity, Chapter 32 Long Run Growth, And more!
Principles 2
- 45 decks
- 1896 flashcards
- 31 learners
Decks:
Neuraxial Overview Anatomy, Spinal Anesthesia Pt 1, Spinal Anesthesia Pt 2, And more!
Economics
- 25 decks
- 1413 flashcards
- 1880 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
