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Microeconomics (Cambridge Economics Part I)

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

By: Sam Hillman
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Decks in this class (7)

Lecture 1 - Budget Set
What is the set of possible bundl...,
What is the equation for a budget...,
What happens to the budget line w...
11  cards
Lecture 2 - Preferences
What does it mean if a consumer s...,
What,
What does it mean if preferences ...
11  cards
Lecture 3 - More Preferences & Utility Function
What is meant by monotonic prefer...,
What will the indifference curve ...,
What is meant by a satiation blis...
12  cards
Lecture 4 - MRS, Marginal Utility
What does mrs1 2 x1 x2 denote,
If c t is the amount of change in...,
What does c 0 equal and why
6  cards
Lecture 5 - Optimal Choice
If preferences are monotonic does...,
What will the consumer do if mu1 ...,
What will the consumer do if mu1 ...
7  cards
Lecture 18 - Price Discrimination
Define first degree price discrim...,
Define second degree price discri...,
Define third degree price discrim...
3  cards
Lent - Handout 1: Exchange, Edgeworth Box, Competitive Equilibrium, First and Second Welfare Theorems
What is the difference between ge...,
What are the three important theo...,
What is meant by competitive equi...
12  cards

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Microeconomics (Cambridge Economics Part I)

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