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

Decks in this class (19)

Chapter 1
Economy,
Economics,
Market economy
37  cards
Chapter 2
Model,
Tax models
5  cards
Chapter 4
Willingness to pay,
Individual consumer surplus,
Total consumer surplus
26  cards
Chapter 6
Elasticity,
Price elasticity of demand,
Change in quantity demanded
46  cards
Chapter 5
Price controls,
Price ceiling,
Price floor
30  cards
Chapter 7
Excise tax,
Incidence,
What does the incidence of an exc...
30  cards
Chapter 9
Explicit costs,
Implicit costs,
Accounting profit
21  cards
Chapter 10
Utility,
Consumption bundle,
Utility function
15  cards
Chapter 11
Indifference curve,
Indifference curve map,
Marginal rate of substitution
5  cards
Chapter 13
Price taking producer,
Price taking consumer,
Perfectly competitive market
30  cards
Chapter 14 - Monopoly
Monopolist,
Monopoly,
Two dimensions market structures ...
15  cards
Chapter 15
Oligopoly,
Imperfect competition,
Duopoly
28  cards
Chapter 16
Monopolistic competition,
What is the only way monopolistic...,
Imperfect
7  cards
Chapter 17
Marginal social cost of pollution,
Marginal social benefit of pollution,
Socially optimal quantity of poll...
22  cards
Chapter 18
Exclaudable,
Rival in consumption,
Nonexcaudable
15  cards
Chapter 19
Welfare state,
Government transfer,
Poverty program
16  cards
Chapter 20
Physical capital,
Human capital,
Derived demand
28  cards
Chapter 21
Random variable,
Expected value,
State of the world
25  cards
Web Chapter
Information good,
Information goods costs,
Patents
12  cards

More about
Economics

  • Class purpose General learning

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