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ECON 208

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

By: Myriam Robitaille
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Decks in this class (12)

Chapter 1: Economic Issues and Concepts
How do we calculate productivity ...,
What are the three typical types ...,
What are the two types of product...
20  cards
Chapter 2: Economic Theories, Data, and Graphs
What is a positive statement,
What is a normative statement,
What does an economic theory explain
12  cards
Chapter 3: Demand, Supply and Price
What is the difference between qu...,
What are some factors which can i...,
What does ceteris paribus mean
24  cards
Chapter 4: Elasticity
What does elasticity measure,
What determines elasticity,
What are five types of elasticity
39  cards
Chapter 5: Price Controls and Market Efficiency
What happens if a price is set ab...,
What happens if a price is set be...,
What determines the quantity with...
16  cards
Chapter 6: consumer behavior
What is the difference between ut...,
What is the law of diminishing ut...,
How are the graphs of total utili...
18  cards
Chapter 7: Producers in the Short Run
What are the four types of inputs...,
What is an intermediate input,
What is a production function
33  cards
Chapter 8: Producers in the long run
What is the key difference betwee...,
What does it mean when a firm tri...,
True false technical efficiency i...
30  cards
Chapter 9: Competitive Markets
What does a market structure refe...,
What does it mean for a firm to h...,
When is a market competitive
40  cards
Chapter 10: Monopoly, Cartels, and Price Discrimination
What are the characteristics of p...,
What is a monopoly,
What is the market demand curve i...
34  cards
Chapter 11: Imperfect competition and Strategic Behaviour
What doesnt a perfectly competiti...,
What is a characteristic among mo...,
What is meant when an industry is...
31  cards
Chapter 16: Market Failures and Government Intervention
What is the basic function of the...,
Why is building an institution di...,
Define the concept of allocative ...
11  cards

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ECON 208

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