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🧃Intermediate Microeconomic Theory
Key Terms

381 essential vocabulary terms and definitions to know for your Intermediate Microeconomic Theory exam

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A

Ad valorem tariff
Advertising effectiveness
Advertising Elasticity
Advertising Standards
Aggregate demand curve
Agricultural Products
Airlines
Alfred Marshall
Allocation Efficiency
Amartya Sen
Amos Tversky
Antitrust Laws
Arrow's Impossibility Theorem
Arthur C. Pigou
Arthur Cecil Pigou
Artisanal Crafts
Aspiration Levels
Automobile manufacturing
Average Cost
Average Product
Averch-Johnson Effect

B

Balance of trade
Bargaining power
Bargaining Set
Barriers to entry theory
Benefit Principle of Taxation
Bonus structures
Brand loyalty
Brownfield Investment

C

Cap-and-trade system
Capital account liberalization
Capital controls
Carbon tax
Carbon trading
Cardinal utility
Centipede Game
Certainty effect
Ceteris Paribus
Chain-store paradox
Chamberlin Model
Cheating
Choice Architecture
Choosing a satisfactory option
Clarke-Groves Mechanism
Clean air
Climate change negotiations
Cobb-Douglas Production Function
Cobb-Douglas utility
Collective willingness to pay
Commitment devices
Commitment strategies
Common Knowledge
Common Pool Resources
Common-pool resources
Comparative advertising
Comparative statics
Compensating Variation
Complete information
Computable general equilibrium models
Constant Returns to Scale
Constrained Optimization
Consumer equilibrium
Consumer welfare
Contract theory
Contractual agreements
Coordination games
Correlated Equilibrium
Cost Advantage
Cost Function
Cost Structure
Cost-effective production
Cost-output relationship
Credit Checks
Credit Markets
Credit unions