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Econ 499 - Micro

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

By: Garin Rydalch
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Decks in this class (12)

Chap. 5 - Consumer Theory
What is utility,
What is the law of diminishing ma...,
What is utility based on and has ...
17  cards
Chap. 1 - Economics
What is economics,
In a market economy price reflect...,
What are the 5 guidelines to thin...
17  cards
Chap. 2 - Production Process
What is the production process,
What are the factors of production,
What is capitalism
15  cards
Chap. 3 - Supply and Demand
What is the law of demand,
What s the substitution effect,
What s the income effect
17  cards
Chap. 4 - Elasticity
What is the profit equation what ...,
What is price demand elasticity,
What is the difference between us...
31  cards
Chap. 6 - Production Theory
In order for a firm to produce wh...,
What is total and marginal product,
If marginal product is increasing...
27  cards
Chap. 7 - Market Structure
What are the four market structures,
When examining the structure of a...,
What are the characteristics of a...
23  cards
Chap. 8 - Monopolies
When there is only one seller in ...,
Does a monopoly have an incentive...,
What are the five barriers to ent...
18  cards
Chap. 9 - Monopolistic Competition
What are the characteristics of m...,
So how can a firm in monopolistic...,
What is real product differentiation
13  cards
Chap. 10 - Resource Markets
The _______ for an input or resou...,
If demand for cars increase what ...,
What is marginal revenue product ...
14  cards
Chap. 11 - Externalities
What is an externality,
Give some examples of negative ex...,
When there are externalities is m...
18  cards
Random Review
Globalization,
Waves of globalization dates,
Equation for openness
34  cards

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Econ 499 - Micro

  • Class purpose General learning

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