A2 Economics Flashcards on Part 1.1: Individual economic decision making, created by Alex Maas on 01/03/2017.
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Created by Alex Maas
over 7 years ago
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Created by Alex Maas
over 7 years ago
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Individual demand curve
Law of demand
Shift of a demand curve
Increase in demand
Decrease in demand
Extension of demand
Contraction of demand
Condition of demand
Rational Behaviour
Utility
Marginal Utility
Hypothesis of diminishing marginal utility
Asymmetric information
Behavioural Economics
Rule-of-thumb
Bounded Rationality
Bounded self-control
Cognitive Bias
Availability Bias
Anchoring
Social norms
Economic sanctions
Nudges
Altruism
Fairness
Choice Architecture
Default Choice
Framing
Mandated choice
Restricted choice
