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econ208

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

By: Flavia Voiculescu
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Decks in this class (12)

Chapter 1: Introduction to Economics
Definition of economics,
Three types of resources,
What is an opportunity cost
19  cards
Chapter 2 : Economic Theories, Data and Graphs
Distinguish between positive and ...,
What is the biggest source of pub...,
What are theories
13  cards
Chapter 3 : Supply and Demand
What does qt demanded refer to,
What 5 variables influence demand,
Other things being equal in latin
23  cards
Chapter 4 : Elasticity
What is an elastic demand,
What is an inelastic demand,
Impact of an elastic demand on eq...
24  cards
Chapter 5 : Price controls and Market efficiency
Determinants of qt exchanged at d...,
What is in excess with a binding ...,
What is in excess with a binding ...
10  cards
Chapter 6 : Consumer behavior
0  cards
Chapter 7 : Production in the Short Run
Types of firms 6,
Describe the single proprietorship,
Describe the ordinary partnership
60  cards
Chapter 8 : Production in the Long Run
Define the long run,
What is technical efficiency,
Is technical efficiency enough fo...
25  cards
Chapter 9 : Competitive Markets
What are characteristics of a mar...,
What does it mean for a firm to h...,
What is market power related to
25  cards
Chapter 10 : Monopoly
Slope of the monopoly demand curve,
Tr equation for a monopolist,
Ar equation for a monopolist
35  cards
Chapter 11 : Imperfect Competition
What are the 2 key assumptions of...,
What are the 3 elements to consid...,
What is a nash equilibrium
42  cards
Chapter 17 : Environment Economics
What is an externality,
What happens when there are negat...,
What is pollution qualified as
27  cards

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econ208

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