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A level (Economics)- Microeconomics paper one

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

By: Harpriya Cheema
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Decks in this class (8)

4.1.1 Economic Methodology and the economic problem
Why is economics considered a soc...,
In what way is economic methodolo...,
What is the ceteris paribus
35  cards
4.1.2 Individual economic decision making
What is rational economic decisio...,
How do consumers act rationally,
Give an example of a rational con...
61  cards
4.1.3 - Price determination in a competitive market
Define demand,
What is the relationship between ...,
What are the factors that affect ...
74  cards
4.1.4 - Production, costs and revenue
Define production,
Define productivity,
What is labour productivity
31  cards
4.1.5 - Perfect competition, imperfectly competitive markets,
What is the spectrum of market st...,
What are market structure charact...,
How does the number of firms affe...
15  cards
4.1.6 - The labour market
What is the labour market,
How is the supply of labour deter...,
What type of demand is labour
8  cards
4.1.7 - The distribution of income and wealth : poverty anf inequality
What is then difference between i...,
What are some examples of a sourc...,
What are some examples of sources...
23  cards
4.1.8 - The market mechanism, market failure and government intervention in markets
What does the price mechanism det...,
How are resources allocated in a ...,
What three main functions to allo...
70  cards

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A level (Economics)- Microeconomics paper one

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A Level Economics
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  • 787 flashcards
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