A Level Economics - Micro

This class was created by Brainscape user Izzy C-B. Visit their profile to learn more about the creator.

Decks in this class (15)

1.1 / 1.2 Economics Methodology and nature and purpose of economic activity
Economics definition,
What is ceteris paribus,
What is the central purpose of ec...
9  cards
3.5 The Determination Of Equilibrium Market Prices
0  cards
3.6 The Interrelationship Between Markets
Derived demand definition,
Joint demand definition,
Joint supply definition
4  cards
1.4 Scarcity, Choice And The Allocation Of Resources
Basic economic problem definition,
Opportunity cost definition,
Economic good definition
6  cards
1.3 Economic Resources
What are the factors of production,
Definition of factors of production,
Definition of capital
8  cards
1.5 Production Possibility Diagrams
Definition of ppc ppf,
What does a ppf curve assume,
What does a ppf curve used to ill...
13  cards
3.1 / 3.3 The Determinants Of The Demand And Supply For Goods And Services
Definition of demand,
Definition of normal good,
Definition of inferior good
24  cards
3.2 Price, Income And Cross Elasticities Of Demand
Definition of elasticity,
Definition of elastic demand,
Definition of inelastic demand
21  cards
3.4 Price Elasticity Of Supply
Definition of price elasticity of...,
Price elasticity of supply equation,
If pes is inelastic what does it ...
12  cards
Costs Of Production
Definition of short run,
Definition of long run,
Definition of specialisation
22  cards
Economies And Diseconomies Of Scale
Definition of economies of scale,
Definition of internal economies ...,
Definition of external economies ...
17  cards
Price Allocate Resources
Definition of signalling function,
Definition of rationing function,
Definition of allocative function
4  cards
Public, Private And Quasi-public Goods
Definition of a public good,
Definition of non rivalry,
Definition of non excludability
9  cards
Market Failure
Definition of market failure,
Definition of missing market,
Definition of partial market failure
19  cards
Goverment Intervention
Definition price ceiling,
Definition of price floor,
Definition of subsidy
18  cards

More about
A Level Economics - Micro

  • Class purpose General learning

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1070 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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