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Economics 1: Microeconomics

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

By: Nadia J
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Decks in this class (8)

Economic methodology and the economic problem
What is a social science,
What is ceteris paribus,
What is a positive statement
52  cards
Individual economic decision making
1  cards
Price determination in a competitive market
What is a market,
What is a competitive market,
What is equilibrium price
27  cards
Production, costs and revenue
0  cards
Perfect competition, imperfectly competitive markets an monopoly
0  cards
The labour market
0  cards
The distribution of income and wealth: poverty and inequality
1  cards
The market mechanism, market failure and government intervention in markets
0  cards

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Economics 1: Microeconomics

  • Class purpose General learning

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