This class was created by Brainscape user Michal Dudko. Visit their profile to learn more about the creator.
By:
Michal Dudko
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Decks in this class (16)
Section1
Scarcity,
Economics,
Efficiency
38
cards
Section2
What is a market,
Types of goods,
Types of markets
17
cards
Section3
What is utility in consumer deman...,
What is the difference between ca...,
What is the budget constraint
11
cards
Section4
Production function definition,
Simplified production process,
Short run vs long run in production
9
cards
Section5
What is total revenue,
Define total cost,
What is economic profit
16
cards
Section6
What is an isoquant in production...,
What is the marginal rate of tech...,
What is the isocost line
7
cards
Secrion7
What is consumer surplus,
How is consumer surplus represent...,
What is willingness to pay
9
cards
Section8
What are the two characteristics ...,
What is a public good,
What is the free rider problem
10
cards
Section9
What are externalities,
What is a negative externality,
What is a positive externality
10
cards
Section10
What are the main components of g...,
What are transfer payments,
What are the sources of governmen...
10
cards
Section11
What are the characteristics of a...,
What is the goal of a competitive...,
How do economists measure economi...
9
cards
Flashcards form Glossary
Ability to pay principle,
Abnormal profit,
Absolute advantage
357
cards
Section12
What defines a monopoly,
What are the main causes of a mon...,
What is a natural monopoly
10
cards
Section13
What is monopolistic competition,
What are the attributes of monopo...,
How does monopolistic competition...
12
cards
Section14
What is an oligopoly,
What is the concentration ratio i...,
How does production and pricing i...
10
cards
Glossary nur Micro
Ability to pay principle,
Abnormal profit,
Absolute advantage
185
cards
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P PM
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