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Jack Stevens
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Decks in this class (16)
Economic methodology and the economic problem
Why is economics considered a soc...,
How does economics resemble natur...,
How does economics differ from na...
10
cards
The nature and purpose of economics
What is the central purpose of ec...,
What are the three key economic d...,
What are the four factors of prod...
5
cards
Scarcity, choice and the allocation of resources
What is the fundamental economic ...,
What does scarcity require in ter...,
What is opportunity cost
4
cards
Production possibility diagrams
Factors affecting production,
What do production possibility di...,
How do production possibility dia...
5
cards
Individual economic decision making
What is utility theory,
What is rational economic decisio...,
What is the hypothesis of diminis...
5
cards
Imperfect information
Why is information important for ...,
What is asymmetric information an...
2
cards
Aspects of behavioural economic theory
What is bounded rationality,
What is bounded self control,
What are rules of thumb in decisi...
8
cards
Behavioural economics and economic policy
What is choice architecture,
What is the framing effect,
What are nudges in behavioral eco...
5
cards
Price determination in a competitive market
What is demand,
What is the law of demand,
Why is there a downward slope in ...
7
cards
supply of goods and services
What is supply,
What is the law of supply,
Why is there a direct relationshi...
6
cards
The determination of equilibrium market prices
What is free market,
What is equilibrium,
What is the price mechanism acronym
8
cards
The interrelationship between markets
What is joint demand,
Give an example and explanation o...,
How do changes in one market affe...
11
cards
Price, income and cross elasticities of demand
Wa,
What is the formula of ped and wh...,
What is the acronym and factors a...
21
cards
Determinants of short-run aggregate supply
What are the main determinants of...,
What is short run aggregate suppl...,
What are the 5 main costs of prod...
9
cards
Determinants of long-run aggregate supply
What is long run aggregate supply...,
What are the fundamental determin...,
How does the position of the lras...
5
cards
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Economics Micro
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