This class was created by Brainscape user Rebecca KENWORTHY. Visit their profile to learn more about the creator.
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Decks in this class (30)
1.1 Micro
What is individual demand known as,
What is utility measured in,
What is utility
18
cards
1.2 Micro
What causes irrational decision m...,
What is asymmetrical information,
What causes information market fa...
9
cards
1.3 Micro
What is behavioural economics,
What are the seven types of behav...,
Bounded rationality
13
cards
1.4 Micro
What are the behavioural economic...,
Choice architecture,
Framing
7
cards
2.2 Micro
What is fc,
How do you work out afc,
What is vc
13
cards
2.3 Micro
What is the minimum efficient scale,
What occurs when mes increases
2
cards
2.4 Micro
How do you calculate mr,
How do you calculate ar,
How do you calculate tr
10
cards
2.5 Micro
What is technological change,
What is invention,
What is innovation
14
cards
5.1 Micro
What is rationing function,
What is the incentive function,
What is the signalling function
6
cards
5.2 Micro
Misallocation of resources can be...,
What is inefficiency use of scarc...,
What is partial market failure
4
cards
5.3 Micro
What are public goods,
What are non rival goods,
What are non excludable goods
13
cards
5.4 Micro
What are externalities,
What are negative externalities,
What are positive externalities
15
cards
5.5 Micro
What is merit good,
What does the underconsumption of...,
With a merit good which is greate...
5
cards
5.6 Micro
What is information asymmetry,
What percentage of market share d...,
What is labour immobility
5
cards
5.7 Micro
How is income measured,
How is wealth measured,
What government policies help the...
5
cards
5.8 Micro
Why do governments intervene,
How do governments influence the ...,
How can a government intervene to...
13
cards
5.9 Micro
How does government failure occur,
What are the reasons for governme...,
What is inadequate information
6
cards
4.1 Micro
What are the 5 types of market st...,
What is perfect competition,
What elasticity is demand in a co...
18
cards
4.4 Micro
What are the characteristics of a...,
What kind of profit does a monopo...,
What is a geographical monopoly
6
cards
4.5 Micro
What will firms try to do in a co...
1
cards
4.3 Micro
What is the model of perfect comp...,
How many producers are generally ...,
What are the products like in a c...
8
cards
7.3 Macro
What is fishers equation,
What is inflation,
What is deflation
18
cards
7.5 Macro
What does the phillips curve look...,
What does the phillips curve show,
What does the short run phillips ...
13
cards
10.1 Macro
What is globalisation,
What are some characteristics of ...,
What are trade agreements
10
cards
10.2 Macro
What are exchange rates,
What is a floating exchange rate,
What are the advantages of floati...
24
cards
10.4 Macro
What are exchange rates,
What is a floating exchange rate,
Name some factors that influence ...
16
cards
6.2 Micro
What two categories can public go...,
What two categories can private g...,
What does non excludable excludab...
6
cards
6.4 Micro
What is competition policy,
What four areas is competition po...,
What are contestable markets
6
cards
6.7 Micro
What are the arguments for public...,
What are some arguments for priva...,
What are some benefits about publ...
12
cards
6.3 Micro
0
cards
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Economics A-Level
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