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19ECB502 Fundamental Microeconomics Semester 2

This class was created by Brainscape user Leon Gogiqi. Visit their profile to learn more about the creator.

By: Leon Gogiqi
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Decks in this class (8)

WEEK 1: Monopoly and Monopsony
What are monopolies,
If monopolies are price makers th...,
How do monopolies maximise profit
29  cards
WEEK 2 - Price Discrimination/Price Strategies
When does price discrimination occur,
What is uniform pricing,
What firms charge dif prices base...
17  cards
WEEK 3 - Oligopoly Markets
What do markets differ according to,
What are the most distinguishable...,
What are the 3 model of oligopolies
44  cards
WEEK 4 AND 5 - General Equilibrium
What does a general equilibrium r...,
What will a perfectly competitive...,
What is pareto optimality
18  cards
WEEK 6 - Uncertainty
Why do we incorporate risk and un...,
What is risk,
How do you figure out what consum...
27  cards
WEEK 7 - General Equilibrium and Welfare (Including Welfare Analysis of Large projects)
In this exchange economy establis...,
What is a walrasian auctioneer,
How does a walrasian auctioneer d...
22  cards
WEEK 8 - Externalities
When does an externality occur,
Why is there an overabundance of ...,
When is it optimal for society to...
18  cards
WEEK 9 - Asymmetric Information
What happens when consumers have ...,
What happens when consumers have ...,
What is imperfect information
16  cards

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19ECB502 Fundamental Microeconomics Semester 2

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