Statements (102)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:analyzes |
supply and demand
consumer behavior producer behavior |
| gptkbp:appliesTo |
macroeconomics
microeconomics |
| gptkbp:focusesOn |
gptkb:legislation
gptkb:Pareto_efficiency game theory imperfect competition labor markets perfect competition resource allocation capital markets consumer surplus transaction costs efficiency price controls incentives utility maximization minimum wage price rigidity externalities monopolistic competition opportunity cost market failure public goods consumer choice barriers to entry budget constraints cartels collusion competitive equilibrium contestable markets deadweight loss derived demand diminishing returns expected utility factor markets indifference curves information asymmetry input-output analysis isocost lines isoquants land markets long run marginal cost marginal revenue market clearing market intervention market power market signals menu costs price ceilings price floors price leadership price mechanism price signals producer choice producer surplus profit maximization rent control returns to scale risk and uncertainty search costs short run sticky prices strategic behavior subsidies tax incidence |
| https://www.w3.org/2000/01/rdf-schema#label |
Price Theory
|
| gptkbp:notableFigure |
gptkb:Adam_Smith
gptkb:Alfred_Marshall gptkb:David_Ricardo gptkb:Milton_Friedman gptkb:Paul_Samuelson gptkb:William_Stanley_Jevons gptkb:Carl_Menger gptkb:John_Hicks gptkb:George_Stigler gptkb:Leon_Walras |
| gptkbp:relatedTo |
gptkb:football
welfare economics elasticity market structure price discrimination monopoly marginal analysis cost theory general equilibrium oligopoly partial equilibrium utility theory |
| gptkbp:studies |
market equilibrium
allocation of resources how prices are determined |
| gptkbp:usedIn |
gptkb:Austrian_School_of_Economics
gptkb:Chicago_School_of_Economics classical economics neoclassical economics |
| gptkbp:bfsParent |
gptkb:Milton_Friedman
|
| gptkbp:bfsLayer |
5
|