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Principles of Microeconomics

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

By: Dilaxn Thiruvarul
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Decks in this class (11)

Consumer Theory
What are the 5 axioms of consumer...,
Describe the completeness axiom f...,
Describe the transitivity axiom f...
12  cards
Producer Theory
Opportunity cost,
Total physical product of labour ...,
Average physical product of labou...
5  cards
Market Structure
Market structure,
Profit max point,
Firm s profit
7  cards
Labour Markets
Output markets,
Input markets,
What re the key inputs to produce q
16  cards
Efficiency
Distinguish between rival and non...,
Distinguish between excludable an...,
What re the 4 categories of goods
9  cards
Imperfect labour market
Give a monopsony assumption
1  cards
Game Theory
When does a player have a dom str...,
When does a nash equilibria exist,
Subgame perfection
3  cards
Quantity & price-setting oligopolists
Whatre the assumptions of cournot...,
When does a cournot nash equilibr...,
Residual demand curve what does t...
13  cards
Price discrimination
What are the conditions necessary...,
First degree price discrimination,
Third degree price discrimination...
4  cards
Public goods & common resources
What re the 4 categories of goods...,
What is the free rider problem,
Govt failure
5  cards
Perfect labour markets
What are the key fop,
What re the 2 types of inputs,
What gives the shape of the backw...
8  cards

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Principles of Microeconomics

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