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Decks in this class (16)
Efficiencies of Markets
Introduction to efficiency in mar...,
Introduction to efficiency in mar...,
Price signals 3
24
cards
Intro to Market Failure
Key idea for market failure 1,
What is market failure 2,
What is a deadweight loss 3
23
cards
All Types of Costs Curves
Fixed costs 1,
Variable costs 2,
Total cost 3
10
cards
Externalities
What is an externality 1,
What is an externality ii 2,
Negative externality 3
16
cards
Public Goods
What is a public good 1,
What are the two conditions for a...,
Missing markets 3
16
cards
Tragedy of Commons
Tragedy of commons long analogy 1,
Key takeaways of tragedy of commo...,
Tragedy of commons on a diagram 3
6
cards
Failures of Information
How does information failure occur 1,
Information asymmetries 2,
Examples of information asymmetri...
11
cards
Factor Immobility
Occupational immobility 1,
Occupational immobility 2,
Geographical immobility 3
5
cards
IMPORTANT: RECAP of Market Failures
Properties of a market 1,
Has a market formed 2,
Efficiencies violations 3
3
cards
Taxation and Subsidies
Pigouvian tax 1,
Indirect tax 2,
Indirect tax 3
6
cards
Tradeable Permits and Direct Regulation
Carbon trading 1,
How can the government respond to...,
Direct regulation 3
10
cards
Property Rights
Coase s theorem 1,
Coase s theorem simplified 2,
Hypothesis 3
11
cards
Price Floors and Ceiligns
Price floor 1,
Price floor ii 2,
Problems of low wages 3
6
cards
Unintended Consequences of Government Intervention
What benefits does government int...,
Possible negatives of government ...,
Setting an artificially high mini...
4
cards
Assumptions of Perfect Competition
Assumptions of a perfect competit...
1
cards
Inequality
0
cards
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Unit 2 Economics
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