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Z BUEC 503

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

By: Jessica Roth
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Decks in this class (12)

Module 1
What are the 3 key economic ideas 1,
What are the three economic quest...,
What is marginal analysis 3
17  cards
Module 2
What dictates demand 1,
What is the law of demand 2,
What is the substitution effect 3
10  cards
Module 3
What is utility 1,
What is the law of diminishing ma...,
What is the rule of equal margina...
11  cards
Module 4
Is a flatter curve more or less e...,
What s the difference between a p...,
What is the basic formula for the...
31  cards
Module 5
What is technology 1,
What is technological change 2,
What is the average product of la...
33  cards
Module 6
What are the three requirements f...,
What is the relationship of buyer...,
What are the four main market str...
30  cards
Module 7
What is a natural monopoly 2 poin...,
What is the narrow definition of ...,
What is the general definition of...
28  cards
Module 8
Why do oligopolies exist 1,
What are the barriers to entry fo...,
What are the government imposed b...
27  cards
Module 9
When does average revenue price 1,
What s the price effect 2,
What s the output effect 3
23  cards
Module 10
What is economic surplus 1,
What is the total economic surplus 2,
How do we calculate consumer surp...
28  cards
Module 11
What kind of good is both excluda...,
What kind of good is non excludab...,
What kind of good is non rival bu...
45  cards
Module 12
What is the ppf and what does it ...,
How do we shift the ppf outwards 2,
What are the assumptions of the p...
48  cards

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Z BUEC 503

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