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ben moulds
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Decks in this class (23)
1- The Market
What is an economic model,
What are the advantages of econom...,
What do we need to think about wh...
26
cards
2 - budget constraints
What is a consumption choice set,
What constrains consumption choice,
What is a budget set
20
cards
3- preferences
What are the main axioms of prefe...,
What is the axiom of completeness,
What is the axiom of reflexivity
18
cards
4- utility
What is the slope of the indiffer...,
What occurs to the marginal rate ...,
In the case of perfect substitute...
16
cards
5- choice and demand
What is the utility maximisation ...,
What is the optimal consumption p...,
How do you find the maximimal uti...
64
cards
6) hicksian (compensated)
What does the compensated demand ...,
What are the two effects that we ...,
What are the properties of a hick...
10
cards
7-slutsky equation
What is the interpretation of the...,
What are the steps for the deriva...,
How can the slutsky equation be w...
10
cards
lecture 8 - labour leisure choice
How does the budget constraint ch...,
What is the budget line equation ...,
What is the fruit growers problem
21
cards
9- intertemporal choice problem
What is the framework for the sim...,
What does the present value show,
What is the equation of the inter...
17
cards
10 - revealed preferences
What are the assumptions necessar...,
What is a directly revealed prefe...,
What do we observe when looking a...
13
cards
11- uncertainty
What are typical examples of unce...,
What are rational responses to un...,
What do individuals aim to maximi...
26
cards
term 2 lecture 1 (technology)
What is a firm,
What is a technology,
What is a production function
20
cards
term 2 lecture 2 - profit maximisation
In the short run what is constrai...,
What is constrained in the long run,
What is an example of an input wh...
16
cards
term 2 lecture 3 - cost minimisation
How can you break down profit max...,
What costs vary with output,
What costsdont change with respec...
12
cards
term 2 lecture 4 - perfect competition
What is a market,
What is market clearing,
What is the market type where sel...
25
cards
term 2 lecture 5: perfect competition (welfare analysis and long run)
What is technically efficient,
What is allocative efficiency,
What is the effect of taxs on the...
12
cards
term 2 lecture 6: monopoly
What is the key defining feature ...,
What is the profit maximising out...,
What is the half way rule
11
cards
term 2 lecture 7 - monopoly behaviours
What is uniform pricing,
What is the first degree of price...,
What is second degree price discr...
8
cards
term 2 lecture 8 - monopoly behaviour - third degree price discrimination
What is third degree price discri...,
What does the demand curve look l...,
What is neccesary for third degre...
6
cards
term 2 lecture 9 - oligopoly
What is an oligopoly,
How do we analyse markets in whic...,
What are the assumptions of the c...
10
cards
term 2 lecture 10- game theory
What are the characteristics of a...,
What is game theory,
What is the defintion of a game
20
cards
term 2 - lecture 11 - uncertainty???
What do individuals maximise,
What is the formal definition of ...,
What is the formal definition of ...
17
cards
term 2 - lecture 12 - general equillibrium
What is partial equillibrium,
What is general equillibrium,
What is feedback effect
15
cards
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Microeconomics
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