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ECON 101 - Microeconomics

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

By: Jonny Ryan
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Decks in this class (9)

Chapter 6: Consumer Behaviour
Utility,
Total utility,
Marginal utility
8  cards
Test 1
Scarce resource,
What is the study of economics,
What are the three major resources
15  cards
Chapter 7: Producers in the Short Run
Single proprietorship,
Ordinary parternship,
Limited partnership
28  cards
Chapter 8: Producers in the Long Run
Technical efficieny,
Cost minimisation,
Principle of substitution
11  cards
Chapter 9: Competitive Markets
Market structure 4 examples,
Market power,
Perfect competition
16  cards
Chapter 10: Monopoly, Cartels and Price Discrimination
Monopoly,
Monopolist,
A monopolist faces a ____ sloped ...
10  cards
Chapter 11: Imperfect Competition
Concentration ratio,
Differentiated product,
Price setter
15  cards
Chapter 12: Economic Efficiency
Productive efficiency for the firm,
Productive efficiency for the ind...,
Allocative efficiency
12  cards
Chapter 16: Market Failures
Monopoly of violence,
3 defences of free markets accord...,
Market failure
25  cards

More about
ECON 101 - Microeconomics

  • Class purpose General learning

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