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Chauntae Rounds
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Decks in this class (10)
Chapter 2- budget constraint
Budget line,
Value tax,
Lump sum tax or subsidy
6
cards
Chapter 3- Preferences
Assumptions about preferences com...,
Reflexivity,
Transitivity
19
cards
Chapter 4- Utility
Utility function,
Ordinal utility,
Monotonic transformation
11
cards
Chapter 5- Choice
Boundary optimum,
Kinky tastes,
Demand bundle
8
cards
Chapter 6- Demand
Normal goods,
Inferior good,
Ordinary goods
11
cards
Chapter 8-Slutsky Equation (Price Changes Into SE/IE)
Income effect ie,
Substitution effect,
Inferior goods
4
cards
Chapter 9- Buying And Selling
Gross demands,
Net demand,
Labor budget constraint
14
cards
Chapter 10- Intemporal Choice
Future value,
Present value,
Intertemporal budget constraint p...
12
cards
Chapter 12&18Uncertainty & Technology
State of nature,
Contingent consumption plan,
Insurance
27
cards
Ch 20-21 Profit Max & Cost Min
Marginal revenue short run,
Long run profit max formula,
Wage elasticity of sr labor
7
cards
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Econ 10A
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