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By:
Jinjin Guo
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Decks in this class (10)
1 Comparative Advantage
Model,
Production possibility curve ppc,
Consumption possibility curve cpc
12
cards
2. Supply in perfectly competitive market
Market,
External cost,
External benefit
16
cards
3. Demand in Perfectly Competitive Market
Law of demand,
Utility,
Law of diminishing marginal utility
13
cards
4. Market Equilibrium Analysis
Aggregate demand supply,
Excess supply,
Excess demand
15
cards
5. Government Intervention
Name,
Price ceiling,
Price floor
6
cards
6. International Trade
Domestic price,
World price,
Small open economy
7
cards
7. Monopoly
Market failure,
Market power,
Assumptions of imperfect market
17
cards
8. Oligopoly
Oligopoly,
Game theory,
Dominant strategy
10
cards
9. Externalities
Positive consumption externality,
Positive production externality,
Coase theorem
6
cards
10. Private VS Public Goods
Name,
Non rivalry,
Non excludability
8
cards
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ECON 1101
- Class purpose General learning
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