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Rachel Timmins
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Decks in this class (18)
Monopolistic competition
What is monopolistic competition,
What are the key characteristics ...,
Short run equilibrium in monopoli...
15
cards
Oligopoly
What are the distinguishing featu...,
What is the order of the four dif...,
Antitrust law
16
cards
Public choices and public goods
What is a private choice,
What is a public choice,
Why do governments exist
39
cards
Economics of the environment
External costs,
Negative externality,
Cost externalities
25
cards
Measuring GDP and economic growth
Macroeconomics,
Microeconomics,
Gdp
37
cards
Monitoring jobs and inflation
Unemployment results in,
The working age population
2
cards
Key terms - Aggregate supply/demand
Above full employment equilibrium,
Aggregate demand,
Below full employment equilibrium
19
cards
Key terms - Economic growth
Aggregate production function,
Classical growth theory,
Growth rate
7
cards
Key terms - Monitoring jobs and inflation
Consumer prices index cpi retail ...,
Cyclical unemployment,
Deflation
21
cards
Key terms - Measuring GDP and economic growth
Business cycle,
Exports,
Depreciation
14
cards
Key terms - Economics of the environment
Abatement technology,
Coase theorem,
Individual transferrable quota itq
11
cards
Key terms - Public choices and public goods
Common resource,
Excludable,
Externality
19
cards
Key terms - Oligopoly
Antitrust law,
Cartel,
Collusive agreement
16
cards
Key terms - Monopolistic competition
Efficient scale,
Excess capacity,
Markup
6
cards
Key terms - Monopoly
Average cost pricing rule,
Barrier to entry,
Deregulation
12
cards
Key terms - Perfect competition
Marginal revenue,
Perfect competition,
Price taker
6
cards
Key terms - Output and costs
Average fixed cost afc,
Average product,
Average total cost atc
16
cards
Key terms - Organising production
Command system,
Economic depreciation,
Economic efficiency
14
cards
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Economics
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