This class was created by Brainscape user Felix Hackenbruch. Visit their profile to learn more about the creator.
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Decks in this class (12)
[MICRO] 01 - Introduction & The Economic Problem
Definition microeconomics,
Definition macroeconomics,
3 basic questions to understand a...
52
cards
[MICRO] 02 - Demand & Supply Applications and Elasticity
Definition price rationing,
Definition price ceiling,
Possible results of a price ceili...
21
cards
[MICRO] 03 - Consumer Behaviour and Choice
Definition perfect competition,
Assumptions perfect competition 5,
3 basic decisions of households
11
cards
[MICRO] 04 - The Behaviour of Profit Maximizing Firms
3 basic decisions of profit maxim...,
Definition economic profit,
Definition total revenue
12
cards
[MICRO] 05 - Short Run Costs and Output Decisions
Determinants of production costs 2,
Definition sunk costs,
Definition spreading overhead
7
cards
[MACRO] 01 - Introduction
Definition macroeconomics,
3 economic problems handled by ma...,
Definition aggregate behaviour
28
cards
[MACRO] 02 - National Output and National Income
Definition national income and pr...,
Definition gdp gross domestic pro...,
Definition value added
22
cards
[MACRO] 03 - Long-Run and Short-Run Concerns
Definition productivity growth,
Definition employed,
Definition unemployed
13
cards
[MACRO] 04 - Aggregate Expenditure and Equilibrium Output
Definition saving,
Savings formula,
Definition marginal propensity to...
10
cards
[MACRO] 05 - The Government and Fiscal Policy
Definition fiscal policy,
Definition monetary policy,
Definition net taxes t
9
cards
[MACRO] 06 - Money Supply and the Federal Reserve System
Hierarchies of banks 3,
Role of the central bank,
3 different types of money
7
cards
[MACRO] 07 - Money Demand, the Equilibrium Interes Rate and Monetary Policy
3 tools of monetary policy,
Definition reserve rate rr,
Definition discount rate dr
11
cards
More about
VWL
- Class purpose General learning
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