Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Microeconomics

This class was created by Brainscape user Robert Riechert Transitus. Visit their profile to learn more about the creator.

By: Robert Riechert Transitus
Start Studying

Decks in this class (14)

1.11,1.12,1.13 - Social science, P/N statements,
What are normal goods,
What is a social science,
What
9  cards
1.14, 1.2.2, 1.2.4 - ppf, div labour, supply
What is a ppf,
All points on a ppf curve are,
What causes shifts along the ppf ...
14  cards
1.2.3 - PED, YED, XED, PES
When ped 0 demand is,
When ped 1 demand is,
When ped 1 demand is
21  cards
1.23, 1.16, 1.2.10
What is ped,
If demand is very responsive to p...,
If demand is very unresponsive
8  cards
1.2.2, 1.2.4 - supply and demand
Definition of supply,
If price of retail decreases,
Higher prices
10  cards
1.2.6, 1.2.7 Price determination and price mechanism
Equalibrium price,
In free market,
Equilibrium excess suppy surpluss
12  cards
1.2.8 - consumer surpluss and producer surpluss
The law of diminishing margninal ...,
Consumer surpluss,
Supply curve margninal cost curve
5  cards
1.2.9, 1.1.6 - indirect taxes and subsidies, free market mixed and comanded economies
Tax,
Direct taxes,
Indirect tax
11  cards
1.3.1 t- types of market faliure , public goods, infomation gaps
Efficent equalibrium,
Market failure,
What can market faliure occur from
29  cards
1.3.2, 1.4.1 - externalities and government intivention
Instruments of government interve...,
Minimum price,
Explain how minimum price can cor...
9  cards
1.4.2 - Government faliure
Government failure,
Free market economists like adam ...,
A tax distorst price signal by
7  cards
Monopolies
A pure monopoly is unlikely to ac...,
When a firm decides to use price ...,
5  cards
Monopolistic Competition + Oligopoly
In the long run firms in perfect ...,
Perfect competition assumes 4,
Monopolistic competition assumes 3
25  cards
Cost and Revenue
How do we draw the marginal reven...,
2  cards

More about
Microeconomics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Robert Riechert Transitus's Microeconomics flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Microeconomics
  • 19 decks
  • 666 flashcards
  • 945 learners
Decks: Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
economics micro
  • 85 decks
  • 1217 flashcards
  • 15 learners
Decks: Demand Supply And Market Equilibrium, Key Phrases, Division Of Labour, And more!
Microeconomics
  • 41 decks
  • 603 flashcards
  • 65 learners
Decks: The Economic Problem, Economics As A Social Science, Ppf, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions