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A Level Economics - Flashards

This class was created by Brainscape user Akhil Joshi. Visit their profile to learn more about the creator.

By: Akhil Joshi
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Decks in this class (13)

Chapter 30 - Utility
Utility,
Law of,
Total utility
7  cards
Chapter 31 - Indifference Curves And Budget Lines
Indifference curves,
Marginal rate of substitution,
Budget line
7  cards
Chapter 32 - Efficiency And Market Failure
Economic efficiency,
Productive efficiency,
Allocative efficiency
8  cards
Chapter 33 - Private costs and benefits, externalities and social costs and benefits.
Externality,
Third party,
Negative externality
21  cards
Chapter 34 - Types of cost, revenue and profit, short-run and long-run production
Economies of scale,
Isoquant,
Total product
30  cards
Chapter 35 - Different Market Structures
Market structure,
Perfect competition,
Imperfect competition
26  cards
Chapter 36 - Growth And Survival Of Firms
Conglomerate,
Economies of scope,
Diversification
7  cards
Chapter 37 - Differing Objectives and Policies of Firms
Objectives of firms,
Profit satisficing,
Sales maximization
10  cards
Chapter 38 - Government policies to achieve efficient resource allocation and correct market failure
Interventions,
Negative production externalities,
Regulations
15  cards
Chapter 39 - Equity and redistribution of income and wealth
Equality,
Extreme poverty,
Relative poverty
8  cards
Chapter 40 - Labor market forces and government intervention
Marginal revenue product,
2 assumptions of demand for labor,
Main factors that determine deman...
10  cards
Chapter 48 - Policies to correct disequilibrium in the balance of payments
Net errors and omissions,
Financial account,
Expenditure switching policy
6  cards
Chapter 49 - Exchange Rates
Real exchange rate,
Trade weighted exchange rate,
Fixed exchange rate
8  cards

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A Level Economics - Flashards

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1064 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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