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Microeconomic Theory I

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

By: Natalie Zariwny
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Decks in this class (9)

Chapter 2
Learn basic concepts of Demand and Supply - Market equilibrium - comparative stats - elasticity
27  cards
Chapter 3
Preferences, Utility, budget constraint, constrained choices
19  cards
Chapter 4
Deriving demand curves, effects of an increase in income, effects of an increase in income, effects of an increase in price, revealed preferences
11  cards
Chapter 5
Consumer welfare: expenditure function, effects of government policies
16  cards
Chapter 6
the ownership and management of firms, production possibilities
23  cards
Chapter 7
opportunity costs, measuring costs, short-run costs, long run costs
15  cards
Chapter 8
perfect competition, profit maximization, competition in the short and long run
9  cards
Chapter 9
producer surplus, welfare analysis, market distortions, internal trade
14  cards
Chapter 11
monopoly profit maximization, market power and welfare, taxes and monopoly, monopsony
17  cards

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Microeconomic Theory I

  • Class purpose General learning

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