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ECON 2106 Principles of Microeconomics

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  • Professor:
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    Banzhaf, DOYLE, Staff, rex, Choi, Cassilo, Cesur, Ferraro, Hunt, Frost, EricBrunner, AbelB.Embaye, AmandaL.Wilsker, AntonioV.Saravia, ShelbyD.Frost, online, heutel, NareshMallick, Mohammed Husain, Xu Tang, tsang, CaryCruz Bueno, BrianA.Hunt, kwok, Kyle Mangum, Malick, hiuko adams, nancy bright, Reinhardt, CODY REINHARDT
  • Average Course Rating (from 10 Students)

    4.2/5
    Overall Rating Breakdown
    • 10 Advice
    • 5
      50%
    • 4
      20%
    • 3
      30%
    • 2
      0%
    • 1
      0%
  • Course Difficulty Rating

    • Easy 10%

    • Medium 80%

    • Hard 10%

  • Top Course Tags

    Always Do the Reading

    Great Intro to the Subject

    Many Small Assignments

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Principles of Microeconomics Questions & Answers

Principles of Microeconomics Flashcards

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Principles of Microeconomics Questions & Answers


Principles of Microeconomics Flashcards

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  • 23 terms

    Term:

    internal costs

    Definition:

    costs paid by the individual

    • Ch 7: Market Inefficiencies: Externalities and Public Goods
    • 23 terms
    • Vocabulary for Ch 7: Market Inefficiencies: Externalities and Public Goods. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 24 terms

    Term:

    revenue=

    Definition:

    price x quantity

    • Ch 8: Business Costs and Production
    • 24 terms
    • Vocabulary for Ch 8: Business Costs and Production. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 16 terms

    Term:

    Competitive Markets

    Definition:

    many buyers/sellers similar goods Free entry/exit firms are price takers MR curve will always be HORIZONTAL

    • Ch 9: Firms in a Competitive Market
    • 16 terms
    • Vocabulary for Ch 9: Firms in a Competitive Market. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 13 terms

    Term:

    Monopoly

    Definition:

    single seller set price for a good significant barriers to entry

    • Ch 10: Understanding Monopolies
    • 13 terms
    • Vocabulary for Ch 10: Understanding Monopolies. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 10 terms

    Term:

    utility

    Definition:

    measure of relative levels of satisfaction consumers enjoy from consumption of a good or service numerically quantified by a unit of happiness called a util

    • Ch 16: Consumer Choice
    • 10 terms
    • Vocabulary for Ch 16: Consumer Choice. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 8 terms

    Term:

    Monopolistic Competition

    Definition:

    free entry/exit many different firms product differentiation some market power

    • Ch 12: Monopolistic Competition
    • 8 terms
    • Vocabulary for Ch 12: Monopolistic Competition. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 7 terms

    Term:

    price ceiling

    Definition:

    maximum price shortage

    • Ch 5: Price Controls
    • 7 terms
    • Vocabulary for Ch 5: Price Controls. Find, create, and access Microeconomics, flashcards with Course Hero.

Principles of Microeconomics Advice

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    • Profile picture
    Nov 09, 2017
    | Would highly recommend.

    This class was tough.

    Course Overview:

    She is very thorough and tremendously passionate about engaging her students

    Course highlights:

    It is extremely beneficial to become more knowledgeable in the concept of economics as it plays an important role in how our society is governed.

    Hours per week:

    9-11 hours

    Advice for students:

    Actively plan your reading, studying, and reviewing days.

    • Summer 2017
    • Frost
    • Yes
    • Go to Office Hours Always Do the Reading Participation Counts
    • Profile picture
    Oct 26, 2017
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    Economics is a great way to help you think more precisely. Microeconomics in particular has helped me think more about the local businesses around me and how they affect my life.

    Course highlights:

    My favorite area was about marginal utiliy, it let me think about how you could measure whether some was worth it.

    Hours per week:

    6-8 hours

    Advice for students:

    Do your homework! There is a lot, but it's there to help you get better!

    • Fall 2017
    • CODY REINHARDT
    • Yes
    • Background Knowledge Expected Always Do the Reading Many Small Assignments
    • Profile picture
    Jul 06, 2017
    | No strong feelings either way.

    Not too easy. Not too difficult.

    Course Overview:

    Principles of microeconomics at Georgia State is an interesting course. Professor Bright made the class enjoyable. The book was very easy to understand. I do not strongly recommend this course because most of the test questions were not related to the book or the notes from class. Therefore, it was difficult to study without knowing what to study.

    Course highlights:

    The book was very thorough and understandable. It explained each topic very well in simple terms. Another highlight is that although it was difficult to do well on the tests, professor Bright gave many extra credit opportunities. The group presentation is a great opportunity for a fairly easy A.

    Hours per week:

    3-5 hours

    Advice for students:

    I would advice students to go to review day. Professor Bright made the class before an exam a review day. She does not give a review, but uses this day to answer questions. The class is optional, but even if you do not have questions, it is helpful to learn from questions of other students.

    • Spring 2017
    • nancy bright
    • Yes
    • Group Projects Requires Presentations

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