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Econ 201 Microeconomics

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

By: Tarn Johnson
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Decks in this class (17)

Chapter 1: Welcome to Economics
Division of labor 1,
Economics 2,
Economies of scale 3
25  cards
Chapter 2: Choice in a World of Scarcity
Budget contraint 1,
Law of diminishing marginal oppor...,
Utility 3
13  cards
Chapter 3: Defining Economics
Paradigm 1,
Ideology 2,
Economic perspectives 3 3
32  cards
Chapter 6: Price Elasticity
Elasticity 1,
Price elasticity 2,
Elasticities 3 3
10  cards
Chapter 7: Consumer Choices
Opportunity cost 1,
Substitution effect 2,
Income effect 3
8  cards
Chapter 7: Utilitarianism
Utility 1,
Law of diminishing marginal utili...,
Marginal utility 3
5  cards
Chapter 9: Modern Consumption
0  cards
Chapter 10: Cost and Industry Structure
Firm business 1,
Production 2,
Perfect competition 3
33  cards
Chapter 11: Perfect Competition
Market structure 1,
Perfect competition 2,
Price taker 3
15  cards
Chapter 12: Monopoly
Monopoly 1,
Antitrust 2,
Barriers to entry 3
18  cards
Chapter 17: Monopoly and AntiTrust Policy
Merger 1,
Acquisition 2,
How does the us federal trade com...
46  cards
Chapter 15: Costs & Prices
What did 1998 alan blinder s aski...,
Costing 2,
Depreciating 3
6  cards
Chapter 16: The Megacorp
Technology 1,
Business model 2,
Monetary production 3
8  cards
Chapter 20 Sect 4: Income Inequality
How is poverty typically measured 1,
If everyone in a population exper...,
If a large number of wealthy peop...
14  cards
Chapter 5 Sect 1: Demand/Supply in Labor Markets
How does the law of demand apply ...,
What happens when the price of la...,
Changes that cause labor demand s...
24  cards
Chapter 18: Environmental Protection & Negative Externalities
How much did the us population in...,
How much did the us economy incre...,
Externality 3
29  cards
Chapter 19: Positive Externalities & Public Goods
When does competition discourage ...,
What are positive societal extern...,
What is the most prominent exampl...
13  cards

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Econ 201 Microeconomics

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