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MicroEconomics

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

By: Joel Ogunsanya
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Decks in this class (10)

Economic Methodology
What is micro economics,
Positive statement,
Normative statement
4  cards
The Nature And Purpose Of Economic Activity
Goods,
Services,
Factors of production fop what is...
8  cards
The Nature And Purpose Of Economic Activity pt.2
Economic welfare,
Examples of economic welfare
2  cards
Scarcity, Choice And Allocation Of Resources
Resources,
Finite non renewable,
Renewable
8  cards
Production Possibility Frontier
Pareto efficient,
Allocatively efficient,
Trade off
4  cards
Determinants of Demand
Demand,
Quantity demanded,
Individual demand curve market de...
9  cards
Determinants of Supply
Supply,
Supply curve,
How the price affects the quantit...
6  cards
Elasticities of Demand
Price elasticity of demand ped,
Ped formula,
How to tell whether it is elastic...
11  cards
Elasticities of demand (cross elasticity of demand) pt2
Cross elasticity of demand xed,
What does it show and how is it m...,
Formula for xed
7  cards
Income elasticity of Demand
0  cards

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MicroEconomics

  • Class purpose General learning

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