ECON W1105 Principles of Economics Flashcards

Decks in this Class (14):

• Chapter 1 Economics Foundations And Mode

  Chapter 1: Economics: Foundations and Models

  Sample Cards:

  scarcity,

  economics,

  economic model
  19 Cards
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• Chapter 2 Trade Offs Comparative Advanta

  Chapter 2: Trade-offs, Comparative Advantage, and the Market System

  Sample Cards:

  scarcity,

  production possibilities frontier ppf,

  opportunity cost
  15 Cards
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• Chapter 3 Where Prices Come From The Int

  Chapter 3: Where Prices Come From: The Interaction of Demand and Supply

  Sample Cards:

  perfectly competitive market,

  demand schedule,

  quantity demanded
  18 Cards
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• Chapter 4 Economic Efficiency Government

  Chapter 4: Economic Efficiency, Government Price Setting, and Taxes

  Sample Cards:

  price ceiling,

  price floor,

  consumer surplus
  11 Cards
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• Chapter 5 Externalities Environmental Po

  Chapter 5: Externalities, Environmental Policy, and Public Goods

  Sample Cards:

  externality,

  private cost,

  social cost
  18 Cards
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• Chapter 6 Elasticity The Responsiveness

  Chapter 6: Elasticity: The Responsiveness of Demand and Supply

  Sample Cards:

  elasticity,

  price elasticity of demand,

  elastic demand
  11 Cards
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• Chapter 10 Consumer Choice And Behaviora

  Chapter 10: Consumer Choice and Behavioral Economics

  Sample Cards:

  utility,

  marginal utility mu,

  law of diminishing marginal utility
  13 Cards
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• Chapter 11 Technology Production And Cos

  Chapter 11: Technology, Production, and Costs

  Sample Cards:

  technology,

  technological change,

  short run
  27 Cards
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• Chapter 12 Firms In Perfectly Competitiv

  Chapter 12: Firms in Perfectly Competitive Markets

  Sample Cards:

  perfectly competitive market,

  price taker,

  profit
  13 Cards
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• Chapter 13 Monopolistic Competition The

  Chapter 13: Monopolistic Competition: The Competitive Model in a More Realistic Setting

  Sample Cards:

  monopolistic competition,

  marketing,

  brand management
  3 Cards
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• Chapter 19 Gdp Measuring Total Productio

  Chapter 19: GDP: Measuring Total Production and Income

  Sample Cards:

  microeconomics,

  macroeconomics,

  business cycle
  21 Cards
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• Chapter 20 Unemployment And Inflation

  Chapter 20: Unemployment and Inflation

  Sample Cards:

  labor force,

  unemployment rate,

  discouraged workers
  17 Cards
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• Chapter 21 Economic Growth The Financial

  Chapter 21: Economic Growth, the Financial System, and Business Cycles

  Sample Cards:

  business cycle,

  long run economic growth,

  labor productivity
  10 Cards
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• Chapter 22 Long Run Economic Growth Sour

  Chapter 22: Long-Run Economic Growth: Sources and Policies

  Sample Cards:

  industrial revolution,

  economic growth model,

  labor productivity
  14 Cards
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