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Ekonomie 114

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

By: Rayno Mostert
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Decks in this class (17)

Chapter 11
Characteristics of the short run,
Characteristics of the long run,
Sunk cost
22  cards
Chapter 10
Explicit costs,
List implicit costs,
Entrepreneurship as implicit cost...
11  cards
Chapter 9
Indifference curves,
Preference map,
Properties of indifference curves
12  cards
Chapter 8
Two categories of factors affecti...,
Assumptions with consumption poss...,
Budget line
15  cards
Chapter 6
Price ceiling,
When do rent ceilings have no effect,
The effect of a rent ceiling set ...
11  cards
Chapter 5
Resource allocation methods,
Value vs price,
Marginal benefit
16  cards
Chapter 1
Microeconomics,
Macroeconomics,
Goods and services
21  cards
Chapter 2
Production possibilities frontier...,
Production efficiency,
Production efficiency on the prod...
27  cards
Chapter 3
Competitive market,
Relative price,
Quantity demanded
23  cards
Chapter 4
Price elasticity of demand,
Formula for price elasticity of d...,
Perfectly inelastic demand
24  cards
Chapter 12
Perfect competition,
How does perfect competition arise,
Minimum efficient scale
15  cards
Chapter 13
Monopoly,
Two reasons why a monopoly arises,
Three types of barrier to entry
12  cards
Chapter 14
Monopolistic competition,
Three implications of the large n...,
Collusion
12  cards
Chapter 15
Oligopoly,
Duopoly,
Cartel
5  cards
Competition Policy
Five economic problems government...,
Why are monopolies and oligopolie...,
4 means of government intervention
8  cards
Chapter 16: Public Choices and Public Goods
Private choice,
Public choice,
Three reasons while governments e...
33  cards
Chapter 17: Externalities and the Environment
Private cost,
Marginal cost,
Marginal private cost
20  cards

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Ekonomie 114

  • Class purpose General learning

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