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

Decks in this class (14)

CCT1 Axioms of Consumer Theory
How would you describe the axioms...,
Does neoclassical consumer theory...,
How is a binary relation r betwee...
22  cards
CCT2 Utility Functions and Marshallian Demand
What is the equation to show wher...,
What do we mean by ordinal utility,
Does ordinal utility relate to ho...
39  cards
CCT3- Slutsky Equation, Hicksian Demand, Consumer Welfare + Revealed Preferences
What does the slutsky equation do,
Which two versions are there of t...,
Which is the theoretically correc...
39  cards
CPT- Core Producer Theory
In cpt what are we looking to bre...,
What are we looking for in cpt,
Under cpt what do we label our axes
14  cards
ACCPT1- Intertemporal Choice
How many periods does intertempor...,
What are our 5 basic assumptions ...,
Do individuals have to spend all ...
17  cards
ACCPT2- Uncertainty
Which are the 2 states which exist,
How do can an individual be in be...,
Is the probability of the bad eve...
29  cards
ACCPT3- General Equilibrium
Is our analysis of general equili...,
Which 3 different kinds of econom...,
What is pareto improvement and ho...
22  cards
ACCPT4- Welfare
What is the first fundamental the...,
What is the second fundamental th...,
What is an effect of the second f...
19  cards
EMI1- Monopolies
Do monopolies cause market faliure,
What is the first thing we should...,
What does p q represent
43  cards
EMI2- Oligopolies
What are oligopolies often based on,
What is the cournot model 1838,
What do downwards sloping best re...
17  cards
EMI3- Externalities
When does the problems of externa...,
What necessary assumption which i...,
List 4 possible solutions for ext...
32  cards
EMI4- Public Goods
Define a public good what does th...,
Define a pure public good what do...,
Define a pure private good
17  cards
EMI5- Asymmetric Information
Define asymmetric information,
Name the 2 ways in which asymmetr...,
What is adverse selection
13  cards
Writers
0  cards

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MicroEconomics!

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