This class was created by Brainscape user Unknown Unknown. Visit their profile to learn more about the creator.
By:
Unknown Unknown
- decks
- flashcards
- learners
Decks in this class (20)
Topic 1- Ten Principles of Economics
Economics,
Scarcity,
Why do we make choices
43
cards
Topic 2- Thinking Like an Economist
The scientifice method,
How do economists gather data,
How easy is it to conduct experim...
34
cards
Topic 3- Comparative Advantage and Trade
Who can trade help,
Absolute advantage,
Comparative advantage
10
cards
Topic 4: Supply and Demand
Market,
Roles in the market,
Examples of market
18
cards
Topic 4.2 Supply
Market supply,
Define supply3,
Define quantitiy supplied
17
cards
Top 4.3 Supply AND Demand
Shortage,
Surplus,
Equilibrium
20
cards
final economics notes midterm 1
Productive efficiency,
Allocative efficiency,
Positive analysisnormative analysis
11
cards
Topic 5: Elasticity and its' applications
What is the price elasticity of d...,
But why do we need to consider th...,
Elastic demand
46
cards
Topic 6- Government Policies
Why are price controls engaged in...,
Two types of price controls,
Why do buyers and sellers have co...
38
cards
Topic 7- The Efficiency of Competitive Markets
Positive analysis vs normative an...,
What is absolutely amazing about ...,
Consumer surplus
47
cards
Topic 8- The costs of taxation
Why do we need taxes,
Recall when a tax is levied on bu...,
Recall when a tax is levied on se...
31
cards
Topic 9- International Trade
Total trade measure,
Gdp,
What happens to supply and demand...
45
cards
Topic 10- Externalities
Externalities,
What do externalities do to the m...,
How are externalities addressed
47
cards
Topic 11- Public Choices and Public Goods
Public choice,
Role of governments,
Government failure
37
cards
Midterm 2 Final Review
What is a substitute in production,
What is the deadweight loss from ...,
What are complements in production
14
cards
Topic 12- The Costs of Production
What are the inputs used in firm ...,
How do firms turn inputs into out...,
Production function
56
cards
Topic 13- Firms in Competitive Markets
Competitive market,
Who are price takers,
Assumptions we make about competi...
54
cards
Topic 14
Monopoly,
Why is a monopoly not possible if...,
What are the three types of barri...
33
cards
Topic 15- Oligopoly
Key features of oligopoly,
Who is the suppliers in oligopoly,
How do you know if it is a monopo...
29
cards
Topic 16- Markets for Factors of Production
Factors of production,
Purchase pricerental price,
Market for labour services
34
cards
More about
Econ
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Unknown Unknown's Econ flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
ECON 201
- 52 decks
- 852 flashcards
- 19 learners
Decks:
What Is Economics, The Complexity Of Modern Economies, Is There An Alternative To The Market Ec, And more!
Econ Higher
- 23 decks
- 1205 flashcards
- 22 learners
Decks:
What Is Economics, Limited Resources Unlimited Wants, The Price System And Economic Problem, And more!
ECON 225
- 22 decks
- 447 flashcards
- 2 learners
Decks:
Chapter 01 Four Economic Questions About, Chapter 02 Ethics And Economics, Chapter 03 Pollution And Resource Degrat, And more!
Econ Theme 4
- 43 decks
- 938 flashcards
- 1 learners
Decks:
411 Globalisation, 411 Cont Impacts Of Globalisation, 412 Specialisation And Trade, And more!
