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Economics for Management

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

By: Harry Parkinson
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Decks in this class (9)

Week 1- Rational Actor Paradigm (RAP)
What is the art of business 1,
What does the rational actor para...,
What are the reasons for why an e...
5  cards
Week 2- Business opportunities, costs, benefits and decisions
What is the simple definition of ...,
What is the simple definition of ...,
How is wealth created 3
34  cards
Week 3- Extent decisions and investment decisions
What is an extent decision 1,
What is an investment decision 2,
What does marginal analysis tell ...
33  cards
Week 4- Pricing decisions with simple and complex costs
The tesla roadster had high avera...,
What is consumer surplus 2,
What is the demand curve 3
24  cards
Week 5- Understanding Markets
What three dimensions does every ...,
What type of factors caused shift...,
What are uncontrollable factors 3
13  cards
Week 7- More realistic and complex pricing
Why do firms not always price at ...,
What is a loss leader 2,
How can pricing commonly owned su...
15  cards
Week 8- Strategic Games and Bargaining
Why may pricing aggressively ie l...,
What are the three elements of a ...,
What are the two types of game th...
16  cards
Week 9- Adverse Selection and Moral Hazard
What does it mean when informatio...,
Why does the problem of adverse s...,
Why does the problem of moral haz...
15  cards
Week 10- Incentive alignment
Do agents have different goals an...,
Which term is referred to as fema...,
What two problems must the princi...
16  cards

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Economics for Management

  • Class purpose General learning

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