This class was created by Brainscape user Kumael Agha. Visit their profile to learn more about the creator.
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Kumael Agha
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Decks in this class (15)
Economic Methodology/The Economic Problem
Profit,
Common economics assumption,
Economics definition
72
cards
Economics Part 2
What is individual economic decis...,
Rational,
How are workers assumed to act ra...
41
cards
Determinants of demand
Demand,
Contraction of demand,
Factors impacting demand
35
cards
Income Elasticity of Demand
Income elasticity of demand,
Income elasticity of demand,
Real income
11
cards
Price Elasticity of Supply
Factors impacting supply,
Price elasticity of supply,
Price elasticiy of supply
19
cards
Law of Diminishing returns
Short run,
Law of diminishing returns,
Marginal product
24
cards
Total, Average and Marginal revenue
Revenue,
Total revenue,
Average revenue unit price for ea...
11
cards
Economies of scale
Economies of scale,
Total cost,
Internal economies of scale
36
cards
Monopolistic competition
Monopolistic competition characte...,
What is competition based on in a...,
Examples of product differentiati...
7
cards
Contestable markets
Contestable market,
Incumbents,
What does the threat of new compe...
19
cards
Oligopoly
Oligopoly,
Oligopoly characteristics,
Cma
55
cards
Market failure and externalities
Market failure,
Factors impacting market failure,
Examples of merit goods
121
cards
Imperfect information
Rational behaviour assumes full i...,
How essential is information,
Examples of imperfect information
28
cards
Interrelationship between markets
Joint supply,
Example of joint supply,
Joint supply interrelationsjip
12
cards
Determination of equilibrium market prices
Market disequilibrium,
Excess supply,
Excess demand
8
cards
More about
A Level Economics
- Class purpose General learning
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A Level Economics
- 50 decks
- 1987 flashcards
- 1078 learners
Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
