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