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Decks in this class (20)
Term 1 Week 1: Consumer Theory and Budget Constraints
What does standard economic theor...,
What is the equation for a budget...,
How do you draw the budget constr...
5
cards
Term 1 Week 2: Preferences
What is the difference between or...,
What are the assumptions on prefe...,
What do indifference curves look ...
8
cards
Term 1 Week 3: MRS
What is the mrs 3 1,
How can we work out the mrs using...,
How does the mrs change for diffe...
7
cards
Term 1 Week 4: Optimisation and Comparative Statics
Where do consumers generally cons...,
When does doesn t the tangency co...,
What is the equi marginal princip...
14
cards
Term 1 Week 5: Income and Substitution effects and Optimising Graphically
How can we cancel the income effe...,
What is the difference between th...,
How to graphically illustrate the...
8
cards
Term 1 Week 6: Optimising Mathematically
How do we use the lagrangian to o...,
What does tangency imply 2 2,
What is the general rule for opti...
9
cards
Term 1 Week 7: Applications
What are the three ways changes i...,
How can we measure consumer surpl...,
How can we measure the compensati...
13
cards
Term 1 Week 8: Producer Theory
What does producer theory look at...,
How do we model a production func...,
What is the producers choice set 3 3
17
cards
Term 1 Week 9: Costs of Production
What is the difference between ex...,
What are economic accounting and ...,
How can firms aim to maximise pro...
18
cards
Term 1 Week 10: Profit Maximisation
What is the 2 step problem for pr...,
How can we show profit maximisati...,
What is the profit function with ...
13
cards
Term 2 Week 1: Introduction to Economic Modelling and Demand
What are different types of econo...,
What is the difference between pa...,
What are some criticisms of econo...
10
cards
Term 2 Week 2: Equilibrium, Prices and Information
What does equilibrium represent a...,
How do we interpret the linear de...,
What are comparative statics and ...
8
cards
Term 2 Week 3: Welfare
What is a social choice problem 2 1,
What is a social welfare function...,
What are arrows perfect swf prope...
10
cards
Term 2 Week 4: Price Controls, Tariffs and Quotas, Taxation and Subsidies
What are 3 applications of the de...,
How to graphically represent a ma...,
What are things to consider with ...
23
cards
Term 2 Week 5: Time Preferences and Sin Taxes
What is the economic rationale fo...,
What is discounting and why does ...,
What is present bias and how does...
9
cards
Term 2 Week 6: Introduction to Game Theory and Nash Equilibrium
What is the difference between a ...,
What must we define for game theo...,
What does a payoff matrix look li...
29
cards
Term 2 Week 7: Mixed Strategies and Dynamic Games
What is an issue of simple models...,
What do we assume with dynamic mo...,
How does the stop and go game cha...
16
cards
Term 2 Week 8: Repeated Games and Coordination Failure
What is a finitely repeated games...,
What is the grim trigger strategy...,
How does cooperation in the grim ...
28
cards
Term 2 Week 9: Monopoly and Competitive Markets
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1
cards
Term 2 Week 10: Oligopoly
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1
cards
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EC109 Microeconomics
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