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Decks in this class (11)
Theme one- 1.1 Nature of economics
How do economists explain how the...,
Difference between theories and m...,
What seperates economic from othe...
75
cards
1.2-1.2.4- How markets work
What is utility 1,
What is marginal utility 2,
What is total utility 3
46
cards
1.2.3/5+- How markets work (elasticity)
What is price price elsaticity of...,
What is the equation for ped 2,
When is ped elastic 3
52
cards
1.2.9- How markets work (Indirect taxes)
What is direct tax 1,
What is indirect tax 2,
What is disposable income 3
38
cards
1.3.1- Market Failures
What is market failure 1,
What are 3 types of market failure 2,
What is an externality 3
26
cards
1.3.2(B)- Positive Externality
What is private exteranlity 1,
What is the private cost of a stu...,
Blank 3
10
cards
1.3.2- Government Intervention to Correct Externality
What can gov intervention do to r...,
What can gov do to increase posit...,
What does indirect taxes do to ex...
20
cards
1.3.3- Public goods
What is a non rival good 1,
What is a non excludable good 2,
What are public goods 3
19
cards
1.3.4- Information gaps
What are information gaps 1,
Why are merit goods underconsumed 2,
Why are demerit goods overconsumed 3
17
cards
1.4.1- Maximum and Minimum Price
What are price caps ceilings 1,
What happens if price cap is belo...,
What happens if the price cap is ...
23
cards
1.4.2- Government Failure
What is gov failure 1,
What is a market failure 2,
What is gov intervention on marke...
9
cards
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A level: MicroEconomics
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