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Prices and Markets

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

By: James McCleery
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Decks in this class (12)

Supply and Demand
Substitute,
Complement,
Normal good
7  cards
Elasticity
Elasticity,
Elasticity units,
Point elasticities of demand
16  cards
Applications of Supply and Demand
Happiness,
Consumer surplus,
Producer surplus
9  cards
International Trade
Trade,
Production possibility frontier,
Absolute advantage
12  cards
Market Failure
Market failure,
Externality,
Negative externality
12  cards
Utility
Utility,
Individual optimisation,
Marginal utility
6  cards
Production and Costs
Short run,
Long run,
Production in the short run
14  cards
Perfect Competition
Price taker,
Concentration,
Homogeneous goods
18  cards
Monopoly
Price maker,
Monopoly market,
Inverse demand
9  cards
Monopolistic Competition
Differentiated products,
Monopolistic competition,
Profit maximisation
8  cards
Oligopoly and Game Theory
Oligopoly markets,
Strategic environment,
Game theory
6  cards
Comparison of Efficiency
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1  cards

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Prices and Markets

  • Class purpose General learning

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