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M. L. Riley
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Decks in this class (23)
Module 1 Study Guide
What is the definition of economics,
Explain how scarcity leads to tra...,
What is the definition of opportu...
10
cards
Module 1 Video/Slides
Unlimited wants vs scarce resources,
What are marginal costs,
What are marginal benefits
19
cards
Module 2 Study Guide
Describe the concept of a tradeof...,
On your graph show a market combi...,
Explain the difference between co...
6
cards
Module 2 Video/Other
Production possibilities frontier...,
What we are able to do vs what we...,
Where we should or shouldnt be pr...
9
cards
Module 3 Study Guide
What is the law of demand,
What one factor causes a change i...,
What are the factors that change ...
10
cards
Module 3 Video/Other
Where the x and y axis meet,
Price is always represented by th...,
Demand curves slope
15
cards
Module 4 Study Guide
What is the price elasticity of d...,
Explain what it means when we say...,
What does the price elasticity of...
6
cards
Module 4 Video/Other
Explain the price elasticity of d...,
If the change in price is positiv...,
If you have a zero on top of your...
8
cards
Module 5 Study Guide
What are marginal benefit and mar...,
Explain market efficiency using m...,
Describe consumer and producer su...
6
cards
Module 5 Video/ Other
What is equilibrium,
When the producers and the consum...,
Utility is
8
cards
Module 6 Study Guide
What are externalities give an ex...,
How is market efficiency impacted...
2
cards
Module 6 Video/ Other
Prices need to be allowed to adju...,
The demand curve is also called the,
Consumer surplus on a graph is the
12
cards
Module 7 Study Guide
What is the principle of diminish...,
What is an indifference curve,
What point on a graph represents ...
6
cards
Module 7 Video / Other
Utility,
Total utility,
Marginal utility
3
cards
Module 8 Study Guide
What are economic and accounting ...,
What is the difference between im...,
What is the difference between th...
6
cards
Module 8 Video/ Other
Economies of scale,
Constant returns to scale,
Diseconomies of scale
4
cards
Module 9 Study Guide
What are the characteristics or a...,
How do firms set prices under per...,
Define marginal revenue and avera...
5
cards
Module 9 and 10 Video / Other
Market structure is,
Monopoly,
What are the potential market str...
9
cards
Module 10 Study Guide
What are the characteristics or a...,
For each of the following markets...,
In what part of the demand curve ...
7
cards
Module 11 Study Guide
What are the characteristics of m...,
What is the difference between a ...,
What is the long run economic pro...
7
cards
Module 11 and 12 Video / Other
Monopolistic competition,
Atc stands for,
Game theory
5
cards
Module 12 Study Guide
What are the characteristics of o...,
What is the 4 firm concentration ...,
Define collusion and name two typ...
5
cards
Pre-Assessment
Which factor of production are po...,
What economic assertion is descri...,
A town chooses to use most of its...
37
cards
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Microeconomics
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