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By:
Kate Baker
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Decks in this class (14)
Definitions
Define scarcity,
Define postive economics,
Define normative economics
19
cards
Lecture 21: Intro and cost curves
How businesses behave depends on ...,
What are the conditions that busi...,
What is a perfect substitute
34
cards
Lecture 22: Finishing Cost curves and starting Theory of the Firm
The production function can be us...,
The total cost curve shows the re...,
Why does total cost get steeper a...
32
cards
Lecture 23: Theory of the firm and Monopoly
For perfectly competitive firms w...,
The goal of a competitive firm is...,
At what point is profit maximised...
55
cards
Term 1 cheat sheet
If elasticity is greater than one...,
If elasticity is less than one th...,
If elasticity is equal to one the...
62
cards
Lecture 26 (the next one): Imperfect competition
What are the two examples of impe...,
Define imperfect competition,
In imperfect competition firms ha...
8
cards
Lecture 27: Game Theory
What is game theory,
What are strategic decisions,
What is a dominant strategy
18
cards
Lecture 28: Introduction to Macroeconomics
What is macroeconomics,
What is the goal of macroeconomics,
What is gdp
39
cards
Lecture 29: Business Cycles and Schools of Thought
What is an expansion where does i...,
What is a strong long expansion c...,
Who s gdp is more variable austra...
36
cards
Lecture 30: Measuring the Cost of Living 1 and 2
What is inflation,
What is deflation,
How can we measure inflation
35
cards
Measuring the Cost of Living 2 and Unemployment
Define hyperinflation,
What is hyperinflation associated...,
What is the inflation target for nz
20
cards
Money, inflation and the Monetary system
What is money,
Money does not equal,
What is liquidity
16
cards
M, I and tMS and Settlement Cash
What is the ocr,
Interest rates in simple terms,
What happens if bank a has 10 rem...
16
cards
Exchange Rates
What is the exchange rate,
What are you doing in the foreign...,
What things make up the demand fo...
10
cards
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