Managerial Economics ECO20003 Flashcards

Decks in this Class (12):

• Mod 1 Topic 1 The Firm Its Goals

  Mod 1 - Topic 1 - The firm & its goals

  Sample Cards:

  what is the study of economics,

  what are the three economic questions,

  what is the definition of scarcity
  40 Cards
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• Mod 2 Topic 1 Supply And Demand

  Mod 2 - Topic 1 - Supply and demand

  Sample Cards:

  what is demand,

  what is market demand,

  what is the law of demand
  30 Cards
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• Mod 2 Topic 2 Demand Elasticity

  Mod 2 - Topic 2 - Demand Elasticity

  Sample Cards:

  what is elasticity,

  what is the formula for determining the,

  what is the price elasticity of demand
  54 Cards
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• Mod 2 Topic 3 Demand Estimation And Fore

  Mod 2 - Topic 3 - Demand estimation and forecasting

  Sample Cards:

  because data for analysis may be difficu,

  what is regression analysis,

  regression analysis can be simple or mul
  39 Cards
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• Mod 3 Topic 1 Costs Of Production

  Mod 3 - Topic 1 - Costs of production

  Sample Cards:

  cost is an important component of busine,

  what is relevant cost,

  what is historical cost
  38 Cards
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• Mod 4 Topic 1 Perfect Competition Monopo

  Mod 4 - Topic 1 - Perfect Competition & Monopoly

  Sample Cards:

  what are the five features of perfect co,

  what are four examples of perfect compet,

  what are the five features of a monopoly
  34 Cards
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• Mod 4 Topic 2 Monopolistic Competition O

  Mod 4 - Topic 2 - Monopolistic Competition & Oligopoly

  Sample Cards:

  what is imperfect competition,

  what occurs if above normal profits are,

  what is an oligopoly
  26 Cards
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• Mod 4 Topic 3 Pricing Policies

  Mod 4 - Topic 3 - Pricing Policies

  Sample Cards:

  what is a cartel,

  does a cartel have to be formal and are,

  what conditions influence the formation
  32 Cards
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• Mod 4 Topic 4 Game Theory

  Mod 4 - Topic 4 - Game Theory

  Sample Cards:

  what are the two shortcomings that econo,

  what is game theory,

  what are the fundamental aspects of game
  30 Cards
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• Mod 5 Topic 1 Risk Analysis Uncertainty

  Mod 5 - Topic 1 - Risk analysis, uncertainty and incentives

  Sample Cards:

  what is asymmetric information,

  explain the asymmetric information probl,

  what is the lemons problem
  18 Cards
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• Mod 6 Topic 1 The Multinational Corporat

  Mod 6 - Topic 1 - The Multinational Corporation and Globalisation

  Sample Cards:

  multinational corporations face the same,

  what is globalisation,

  globalisation is also an outcome explain
  27 Cards
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• Multiple Choice Questions

  Multiple choice questions

  Sample Cards:

  41 to an economist total costs include a,

  42 which of the following is a relevant,

  43 which of the following distinctions d
  60 Cards
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