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microeconomics!

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

By: Seth Collinson
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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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