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🧃Intermediate Microeconomic Theory
Key Terms

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

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A

Absolute Advantage
Accounting Profit
Actual savings rates
Ad valorem tariff
AD-AS Model
Adam Smith
Adverse Selection
Advertising
Advertising effectiveness
Advertising Elasticity
Advertising Standards
Affect heuristic
Affordable Set
Aggregate demand curve
Agricultural Products
Airlines
Akerlof's Model
Alfred Marshall
Allocation Efficiency
Allocation of resources
Allocative Efficiency
Allocative inefficiency
Alternating offers
Amartya Sen
Amos Tversky
Anchoring
Anchoring and adjustment heuristic
Antitrust Laws
Antoine Augustin Cournot
Arc Elasticity Formula
Arrow's Impossibility Theorem
Arthur C. Pigou
Arthur Cecil Pigou
Artisanal Crafts
Aspiration Levels
Asymmetric Information
Attribute framing
Auditing
Automation
Automobile manufacturing
Availability heuristic
Average Cost
Average cost pricing
Average Product
Average Total Cost
Average Total Cost Curve
Averch-Johnson Effect

B

Backward induction
Balance of trade
Bargaining
Bargaining power
Bargaining Set
Bargaining Theory
Barriers to Entry
Barriers to entry theory
Bayes' Rule
Bayesian Updating
Behavioral economics
Benefit Principle of Taxation
Bertil Ohlin
Bertrand Competition
Bertrand Competition Model
Bertrand Model
Best response
Bilateral Investment Treaties
Biodiversity loss
Bonds
Bonus structures
Bounded rationality
Brain drain
Branches
Brand loyalty
Brownfield Investment
Budget Constraint
Budget Constraint Graph