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A Level Microeconomics

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

By: Shahab Ahmadyar
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Decks in this class (17)

LS1- Size and Types of Firms
Reasons why firms seek growth,
Why firms choose to remain small,
Why firms must remain small
8  cards
LS2- Business Growth
Organic growth,
Inorganic growth,
Horizontal merger example
18  cards
LS3- Costs and Revenues
Explicit costs,
Implicit costs,
Fixed costs
14  cards
LS4- Economies and Diseconomies of Scale
What is eos,
Types of internal eos,
Risk bearing
11  cards
LS5- Profit and Loss
Normal profit,
Supernormal profit,
Shutdown points
4  cards
LS6- Business Objectives
When does revenue maximisation occur,
Why revenue maximise,
Where does sales maximisation occur
11  cards
LS7- Efficiency
Efficiency,
Productive efficiency,
Allocative efficiency
5  cards
LS8
Assumptions of perfect competition,
Many participants,
Perfect knowledge
3  cards
LS9- Demand and Supply for Labour
What is a firm,
Why is the demand for labour a de...,
What is meant by the phrase there...
10  cards
LS10- Monopoly
Monopoly,
Assumptions of a monopoly,
Types of efficiency in a monopoly
10  cards
LS11- Monopolistic Competition
Characteristics of monopolistic c...,
Why are goods only slightly diffe...,
Examples of monopolistically comp...
9  cards
LS12- Labour Market Issues
List the 5 labour market issues
1  cards
LS13- Oligopoly
What is an oligopoly,
Oligopoly examples,
Nash equilibrium
7  cards
LS14- Contestable Markets
What is a contestable market,
Characteristics of a contestable ...,
How has technology increased cont...
7  cards
LS15- Monoposony & Pure Monopoly
Monopsony definition eg,
Main benefit of being a monopsonist,
Monopsony power
13  cards
LS16- Monopolies & Mergers
Downside of monopoly power why go...,
Who is responsible for regulating...,
The competition and markets autho...
20  cards
LS17- Competition, Protecting Suppliers and Workers
What is an sme,
What is a start up eg,
Benefits of small businesses and ...
20  cards

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A Level Microeconomics

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