the people i need to know Flashcards

1
Q

Adam smith

A

first real Morden economist

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2
Q

Grey Becker

A

people are rational machines who act in there own best interest

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3
Q

Danny conneman

A

train in psychology, behavioural economist

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4
Q

Arthur pigou

A

externality

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5
Q

John

A

this guy was the metal funds and finical markets theorist

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6
Q

things to know about the beer market

A

Notable mergers among the big ones.
highly different product

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7
Q

Feterbending

A

when you try to raise the number of people a firm has to supply

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8
Q

A two sided marke

A

A two sided market - is one in which teh company has two types of customers, the most common stetting will
Radio
Fundamentally what the business does is formulate a business that people will buy ads
Trade off - you run to many ads you drive away customers and if you run too few you could b leaving money on the table

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