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Microeconomics > A2.03.09: Government Responses to Imperfect Info > Flashcards

A2.03.09: Government Responses to Imperfect Info Flashcards

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Microeconomics (62 decks)

Formulas and Key Terms

B2.01.01: Perfect and Imperfect Competition

B2.01.02: Revenue

B2.01.03: Production

B2.01.04: Average, Total and Marginal Costs

B2.01.05: Economic costs and Types of Cost

B2.01.06: Profits and Losses

B2.01.07: Rational Producer Behaviour

B2.01.08: Perfect Competition in the Short run

B2.01.09: Perfect Competition in the Long Run

B2.01.11: Intro to Monopoly

B2.01.13: Natural Monopoly

B2.01.12: Allocative Efficiency under conditions of Monopoly

B2.01.14: Intro to Oligopoly

B2.01.15: Collusion (Game Theory)

B2.01.18: Intro to Monopolistic Competition

Types of Product Differentiation in Monop. Comp.

B2.01.19: Issues with Market Power

B2.02.01: The Free Market and Equity

B2.02.02: Illustrating Inequity with the CFI model

B2.02.03: Assumption of Consumer Rationality

The Rational Producer

B2.02.04: Cognitive Biases

B2.02.05: Nudge Theory

B2.02.06: Choice Architecture

A2.01.01: The Law of Demand

A2.01.02: The Assumptions Underlying the Demand Curve

A2.01.03: The Non-Price Determinants of Demand

A2.01.04: Changes in Demand

A2.01.05: The Law of Supply

A2.01.07: The Non-Price Determinants of Supply

A2.01.10: Market Equlibrium + Price Mechanism

A2.01.12: Consumer, Producer and Society Surplus

A2.01.14: Allocative Efficiency

A2.02.03: Determinants of PED

A2.02.04: PED and TR

A2.02.05: Importance of PED

A2.02.07: Illustrating YED

A2.02.09: Determinants of PES

A2.03.02: Merit and Demerit Goods

A2.03.03: Positive Externalities

A2.03.04: Negative Externalities

A2.03.05: Common Pool Resources

A2.03.06: The Nature of Public Goods

A2.03.07: Government Provision of Public Goods

A2.03.08: Forms of Asymmetric Information

A2.03.09: Government Responses to Imperfect Info

A2.04.01: The reasons for gov. intervent. in markets

A2.04.02: Indirect Taxes

Indirect taxes and elasticity

Indirect taxes and deadweight loss

A2.04.03: Carbon Taxes

A2.04.04: Subsidies

A2.04.05: Tradable Permits

A2.04.06: Price Floors

A2.04.07: Price Ceilings

A2.04.08: Legislation, Regulation and Education

A2.04.09: Other forms of gov. interven.

A2.04.10: Evaluation of gov. interven.

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