Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Economics Unit 3

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

By: Anna Richards
Start Studying

Decks in this class (15)

The Firm, Objectives, Costs and Revenues
At what point does profit maximis...,
What is satisficing,
At what point does revenue maximi...
26  cards
Competitive Markets
What are the assumptions of perfe...,
Why will perfect competition lead...,
What are the benefits of perfect ...
6  cards
Concentrated Markets
Why might a firm decide to try an...,
What is internal organic growth,
What are the advantages of intern...
48  cards
The Labour Market
What is the demand for labour,
What are the factors affecting th...,
What is the mrp
17  cards
Government Intervention In The Market
What are the causes of market fai...,
What are the characteristics of a...,
What is a merit good
46  cards
The theory of production
What are total costs,
What are fixed costs,
What are variable costs
28  cards
The objectives of firms
What are profits,
What is total revenue,
What is average revenue
39  cards
Competitive markets and perfect competition
What are the assumptions of a per...,
What is a price taker,
What does homogeneous mean
11  cards
Concentrated markets; theory of monopoly
What are the assumptions of a mon...,
What are barriers to entry,
Why does the marginal revenue cur...
36  cards
Concentrated markets: the theory of oligopoly
What is an oligopoly,
What is a concentration ratio,
What does a concentration ratio o...
46  cards
Competition policy and contestable markets
What are incumbents,
What are contestable markets,
What is competition policy
34  cards
The labour market: demand and supply
What is derived demand,
What does the aggregate demand fo...,
What does the individual firms de...
29  cards
The labour market: wage determination
What is economic rent,
What is transfer earnings,
What are trade unions
13  cards
The distribution of income and wealth
What is wealth,
What is marketable wealth example,
What is non marketable wealth exa...
26  cards
Government intervention in the market
What is market failure,
What are the causes of market fai...,
What is productive inefficiency
18  cards

More about
Economics Unit 3

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Anna Richards's Economics Unit 3 flashcards for their Glyn School class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

VCE Economics Unit 3/4
  • 17 decks
  • 360 flashcards
  • 203 learners
Decks: Chapter 1 An Introduction To Microeconom, Chapter 2 The Market Mechanism, Chapter 3 Market Structure Market Failur, And more!
Unit 3: Ancient Civilizations
  • 31 decks
  • 458 flashcards
  • 50 learners
Decks: Minoans Mycenaeans, Athens, Tristan Wiebe, And more!
Economics
  • 25 decks
  • 1413 flashcards
  • 1530 learners
Decks: Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions