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Year 1 - Microeconomics

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

By: Chris Jenkins
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Decks in this class (10)

Indifference Analysis (L1-4)
3 basic assumptions of indifferen...,
Define indifference curve,
Define utility and unit
32  cards
Long Run Theory Of Production
Define production function,
Define an isoquant,
What is an isoquant map
21  cards
Perfect Competition
4 main characteristics of perfect...,
What is producer surplus,
In the short run when will a firm...
14  cards
Monopoly
What is a pure monopoly,
3 main characteristics of monopoly,
3 types of barriers to entry
10  cards
Monopolistic Competition And Price Discrimination
3 main characteristics of monopol...,
Why is the demand curve downward ...,
If firms in monopolistic competit...
18  cards
Oligopoly
3 main characteristics,
Define interdependence,
4 assumptions for linked demand c...
39  cards
Labour Market
3 assumptions for a perfectly com...,
What is meant by perfect knowledg...,
What goes on the axis of a labour...
24  cards
Inequality
What is the size distribution of ...,
Define lorenz curve,
Draw lorenz curve
20  cards
Government Intervention
Learn government intervention eff...,
Define deadweight loss,
Learn ad valorem tax diagram all ...
27  cards
Mistakes N Shit
3 assumptions behind isocost isoq...,
Explain shape of isoquant
2  cards

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Year 1 - Microeconomics

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