Zusammenfassung der Ressource
Microeconomics
- Demand, supply, equlibrium
- Elasticities
- Income elasticity of demand
- Price elasticity of supply
- Price elasticity of demand
- Cross-price elasticity of demand
- Law of
- demand
- supply
- Determinants of
- demand
- supply
- Market Efficiency
- Allocative efficiency
- Price rationing
- Government intervention
- Indirect taxes
- tax imcidence
- consumer surplus
- producer surplus
- government revenue
- Subsidies
- effects on government and producers
- Price controls
- Maximum/ price ceiling
- shortage
- Minimum/ price floor
- surplus
- Market Failures
- Positive externalities
- production
- consumption
- Negative externalities
- production
- consumption
- Theory of firms
- market structure
- perfect competition
- monopoly
- government intervention and approval
- oligopoly
- monopolisitc competition
- market failure
- comparing different market structures
- costs, revenues, prdfit
- breakeven point
- normal profit
- long -run for perfect competitors
- AR=ATC
- profit maximization point
- short-run for perfect competitors
- monopoly
- supernormal profit
- MR=MC
- shut-down point
- P<AVC
- loss-minimizing
- diagrams and calculations