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Microeconomics

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

By: Can Gelirli
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Decks in this class (14)

Demand And Supply
Define demand,
Define effective demand,
Define latent demand
48  cards
Oligopoly
Define oligopoly,
What are the features of an oligo...,
Define concentration ratio
14  cards
Price Discrimination
Define price discrimination,
What are the conditions necessary...,
Methods of price discrimination
9  cards
Monopoly
Define pure monopoly,
What are the features of a monopoly,
Define price maker
17  cards
Perfect Competition
What are the features of perfect ...,
Do firms in perfect competition h...,
Is there productive efficiency in...
6  cards
Divorce Of Ownership And Control
Define divorce of ownership and c...,
Who does the divorce of ownership...,
What problem does the doo lead to
7  cards
Profit
Define normal profit,
Define super normal profit,
What is the role of profit
4  cards
Economies And Diseconomies Of Scale
Define eos,
Define internal eos,
Define external eos
16  cards
Cost And Revenue Curves
Define total revenue,
Define average revenue,
Define marginal revenue
10  cards
Market Failure
Define market failure,
Define consumer surplus,
Define producer surplus
16  cards
Judgements
Define value judgement,
Define normative statement,
Define positive statements
4  cards
General Economic Activity
What is economics,
What is a free market,
What is a planned economy
4  cards
Economic Resources
Define capital,
Define enterprise,
Define renewable
4  cards
Production Possibility Frontiers
Define ppf,
List factos which increase ppf,
List factors which decrease ppf
8  cards

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Microeconomics

  • Class purpose General learning

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