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

Decks in this class (18)

Indifference Analysis
Learn indifference cards from yea...,
What is the budget constraint equ...,
For vat if the price of a good eq...
18  cards
1.3 T1
What does a utility function do a...,
What are ordinal utility functions 2,
What are cardinal utility functio...
7  cards
1.4 T1
When can t you use tangency condi...,
Draw diagrams for 3 exceptions to...,
When is tangency a sufficient con...
17  cards
1.5 T1
Draw diagrams to show x as a 1,
What does an income expansion off...,
See notes 3
30  cards
2.1 (Producer Behaviour)
Define production set 1,
What does a representative firm do 2,
What does a production set show 3
25  cards
T2 1.1: Monopoly
Define a monopoly 1,
2 points on how a monopolist can ...,
What is a monopolists profit func...
39  cards
T2: 1.3: Factor markets in imperfect competition
How will a monopoly act in the in...,
Monopoly in output market 4 assum...,
What is marginal revenue product 3
16  cards
T2: 2.1: Game Theory
What is a symmetric game 1,
What are pure strategies 2,
What is a solution by elimination...
18  cards
T2: 1.4
Define an oligopoly 1,
2 simplifying assumptions for oli...,
What is a quantity leadership 3
14  cards
T2 1.2: Price Discrimination
Define price discrimination 1,
What is first degree price discri...,
Is 1st pd pareto efficient and why 3
28  cards
2.2: Profit maximising behaviour and 2.3: Cost minimisation
What other factors may managers f...,
2 implications of non profit maxi...,
Define marginal revenue and margi...
25  cards
2.4: Cost functions
Define total cost function 1,
See bottom of page 3 notes cost f...,
Draw diagrams for average fixed c...
15  cards
3.1: perfectly competitive markets
3 main assumptions of pcms 1,
Why are firms consumers in pcms p...,
Read pcm assumptions bit 3
8  cards
3.2: Firm's Supply SR
Draw diagram and explain why firm...,
2 reason a firm may operate at a ...,
Difference between shutting down ...
9  cards
3.2: Firm's Supply LR
Read 1,
What is zero profit 2,
What is a normal return 3
8  cards
Topic 3.3
Define reservation price for a a ...,
See top of page 2 about discreet ...,
Define gross benefit 3
30  cards
3.1 T2: Edgeworth box
What is meant by pure exchange 1,
See and learn 2,
What does an ewb allow us to do 3
26  cards
T2 4.1: externatlities
0  cards

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Year 2 - Micro

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