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An Le
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Decks in this class (14)
Monopolistic competition
Characteristics of monopolistic c...,
Differentiate between the slope o...,
Profit maximising firms will prod...
11
cards
Calculations
Inflation rate 1,
Components of current account 2,
Components of capital account 3
12
cards
Paper 3 - policies
Indirect taxes 1,
Carbon taxes 2,
Subsidies 3
14
cards
Demand
What is the definition of demand 1,
What does the law of demand state 2,
What is the income effect assumpt...
10
cards
Supply
What is the definition of supply 1,
What does the law of supply state 2,
What is the law of diminishing ma...
9
cards
Equilibrium
What is the price mechanism 1,
What are the two functions of the...,
What is the signalling function o...
10
cards
Rational Consumer Choice and Behavioral Economics
What is rational consumer choice 1,
What are the 3 key assumptions of...,
What is behavioral economics 3
18
cards
Demand Elasticity
What does elasticity of demand me...,
When is demand considered elastic 2,
When is demand considered inelast...
18
cards
Supply Elasticity
What does pes measure 1,
When is supply inelastic 2,
When is supply elastic 3
6
cards
Role of Government in Microeconomics
Why does the government intervene...,
What are price floors 2,
What are price ceilings 3
18
cards
Market Failure: Externalities & Common Pool Resources
Define extenality 1,
When is the economy working at so...,
Define common pool resources 3
11
cards
Market Failure: Public Goods
What are the characteristics of p...,
What is the free rider problem 2
2
cards
Market Failure: Asymmetric Information
Define asymmetric information 1,
What are the consequences of asym...,
What is an example of adverse sel...
9
cards
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Microeconomics
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