Download opportunity cost

opportunity cost
production possibilities frontier (PPF)
law of increasing opportunity cost
technical efficiency & inefficiency
comparative & absolute advantage
Pareto and Kaldor-Hicks efficiency
supply & demand
determinants and shifts
equilibrium
price controls
welfare analysis
consumer/producer surplus
dead-weight loss
transfer
elasticity of demand
tax incidence
budget constraint
shifts from income changes
shifts from price changes
slope (price ratio) and intercepts
preferences
indifference curves
assumptions about preferences
marginal rate of substitution
consumer choice
deriving the demand curve
income & substitution effects
normal v. Giffen goods
inferior v. superior goods
complements v. substitutes
short-run v. long-run
fixed and variable inputs
ATC, AVC, AFC, and MC
cost minimization
LRATC
economies/diseconomies of scale
profit maximization
marginal revenue
shut-down decision
perfect competition
deriving firm's supply curve
entry and exit
p = MC, p = lowest ATC
long-run supply curve
single-price monopoly
multi-price monopoly
price discrimination
natural monopoly
game theory
dominant strategy
dominant strategy equilibrium
Nash equilibrium
games to know:
prisoners' dilemma
duopoly cartelization
drug lord and mule
offensive/defensive advertising
battle of the sexes
sides of the road
market segmentation
chicken
Cournot & Bertrand models of duopoly
subgame perfection
backwards induction
repeated games
cartelization
trigger strategies
probability and expected value
attitudes toward risk
neutral, averse, loving
certainty equivalent
insurance
fair insurance
minimum & maximum premiums
adverse selection
moral hazard
externalities
positive, negative
marginal social cost/benefit
Coase Theorem
tragedy of the commons
public goods
non-excludability
non-rivalry
public choice economics
symmetry assumption
public interest assumption
rational non-voting
rational ignorance
dispersed costs, concentrated benefits
rent-seeking