B050900 Finance, 5B050800 Accounting and Audit

Examination questions for discipline Microeconomics

for students of specialties 5B050700 Management, 5B050600 Economics,

B050900 Finance, 5B050800 Accounting and Audit

1. Definition of Microeconomics

2. Two Big Economic Questions

3. Economic Way of Thinking

4. Opportunity Cost

5. Economics as Social Science and Policy Tool

6. Production Possibilities Frontier

7. Production Efficiency

8. The PPF and Marginal Cost

9. Markets and Prices

10. The law of demand

11. A Change in the Quantity Demanded Versus a Change in Demand

12. The law of supply

13. A Change in the Quantity Supplied Versus a Change in Supply

14. Market Equilibrium

15. Predicting Changes in Price and Quantity

16. Demand and Supply Change in the Same Direction

17. Demand and Supply Change in the Opposite Directions

18. Price Elasticity of Demand

19. Inelastic and Elastic Demand

20. The Factors that Influence the Elasticity of Demand

21. The cross elasticity of demand

22. The income elasticity of demand

23. The elasticity of supply

24. The Factors that Influence the Elasticity of Supply

25. Resource Allocation Methods

26. Demand and Marginal Benefit

27. Supply and Marginal Cost

28. Is the Competitive Market Efficient?

29. Obstacles to Efficiency

30. Is the Competitive Market Fair?

31. Maximizing Utility

32. Predictions of Marginal Utility

33. New Ways of Explaining Consumer Choices

34. Consumption Possibilities

35. Preferences and Indifference Curves

36. Predicting Consumer Choices

37. Work-Leisure Choices

38. The Firm and Its Economic Problem

39. A Firm’s Opportunity Cost of Production

40. Technological and Economic Efficiency

41. Information and Organization

42. Types of Business Organization

43. Markets and the Competitive Environment

44. Markets and Firms

45. Short-Run Technology Constraint

46. Product Schedules, Product Curves, The law of diminishing returns

47. Short-Run Cost

48. Marginal Cost and Average Costs

49. Long-Run Cost

50. Production Function

51. Economies and Diseconomies of Scale

52. Perfect competition

53. The Firm’s Output Decision

54. Output, Price, and Profit in the Short Run

55. Output, Price, and Profit in the Long Run

56. Changing Tastes and Advancing Technology

57. Competition and Efficiency

58. Monopoly and How It Arises

59. Monopoly Price-Setting Strategies

60. Monopoly’s Marginal Revenue and Elasticity

61. Monopoly’s Price and Output Decision

62. A Single-Price Monopoly’s Output and Price Decisions

63. Single-Price Monopoly and Competition Compared

64. Price Discrimination

65. Monopoly Regulation

66. Efficient Regulation of a Natural Monopoly

67. A price-cap regulation

68. What Is Monopolistic Competition?

69. Price and Output in Monopolistic Competition

70. Product Development and Marketing

71. Monopolistic Competition and Perfect Competition comparison

72. What is Oligopoly?

73. Two Traditional Oligopoly Models

74. Oligopoly Games: The Prisoners’ Dilemma

75. Oligopoly Games: An Oligopoly Price-Fixing Game

76. Oligopoly Games: A Game of Chicken

77. Oligopoly Repeated Games and Sequential Games

78. Antitrust Law

79. Classifying Goods and Resources

80. Public Goods

81. Common Resources

82. Externalities in Our Lives

83. Negative Externalities: Pollution

84. The Anatomy of Factor Markets

85. The Demand for a Factor of Production

86. Labor Markets: A Competitive Labor Market

87. A Labor Market with a Union

88. Monopsony in the Labor Market

89. A Union and a Monopsony. Bilateral monopoly

90. Capital and Natural Resource Markets

91. Nonrenewable Natural Resource Markets

92. Property Rights and the Coase Theorem

93. Government Actions in the Face of External Costs

94. Positive Externalities: Knowledge

95. Marginal external benefit

96. Marginal social benefit

97. Government Actions in the Face of External Benefits

98. An Overfishing Equilibrium

99. Achieving an Efficient Outcome

100. Individual transferable quota (ITQ)

Date: 2015-12-11; view: 929