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MICROeconomics > History quiz 1 > Flashcards

History quiz 1 Flashcards

1
Q

who is considered the first economic writer?

A

Hesiod (work & days)

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2
Q

who wrote about international trade?

A

Ibn Khaldun

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3
Q

father of modern economics (invisible hand)

A

Adam smith

invisible hand: what pushes/moves us in our financial transactions and economic choices

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4
Q

the 2 philosophers that came up with MATHEMATICAL MODELLING

A

Leon Walras and Alfred Marshall

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5
Q

the philosophers that talked about the dismal science

A

Karl Marx (should reach a moment in society that all of use are equal)

Thomas Malthus (the worlds population will become so big)

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6
Q

3 philosophers that looked at economics in a new way

A

William Jevons
Carl Menger
Leon Walras

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7
Q

1929 economic catastrophe
the name of the economist
new name given

A

stock market crash (great depression)
John Maynard Keynes
Keynesian economics/ MACROeconomics

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8
Q

who invented economics?

A

no one

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9
Q

what is economics in greek?

A

Oikonomia

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MICROeconomics (14 decks)

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