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Decks in this class (42)
3.1.1 Size And Type Of Firms
Define a firm 1,
Define an industry 2,
Give reasons why some firms remai...
22
cards
3.1.2 Business Growth
Define organic growth 1,
How is organic growth financed 2,
Give the four ways a business can...
32
cards
3.1.3 Demergers
Define a demerger 1,
Give four reasons for a demerger 2,
Give an example of a demerger 3
9
cards
3.2.1 Business Objectives
List all the possible business ob...,
How do we calculate profit and wh...,
Why do we assume that firms seek ...
20
cards
3.3.1 Revenue
Define total revenue 1,
Define average revenue 2,
What does average revenue equal 3
19
cards
3.3.2 Costs
Define short run 1,
Define long run 2,
Which factor of production is oft...
24
cards
3.3.3 Economies And Diseconomies Of Scale
Define economies of scale 1,
Define internal economies of scale 2,
Describe managerial economies of ...
28
cards
3.3.4 Profit And Losses
Define profit 1,
How can the conditions for profit...,
How is profit shown on an mc and ...
32
cards
3.4.1 Intro to Market Structures and Efficiency
Define concentration ratios 1,
What does a high concentration ra...,
Define barriers to entry 3
32
cards
3.4.2 Perfect Competition
Describe perfect competition 1,
What assumption is made about the...,
What assumption is made about the...
25
cards
3.4.3 Monopolistic Competition
Define monopolistic competition 1,
Give examples of monopolistic com...,
What does product differentiation...
25
cards
3.4.4 Oligopoly
Define an oligopoly 1,
Give some examples of oligopoly m...,
How is the concentration ratio fo...
58
cards
3.4.5 Monopoly
Define a pure monopoly 1,
Define a legal monopoly 2,
How do you calculate market share 3
30
cards
3.4.5 Price Discrimination
Define third degree price discrim...,
Give three examples of price disc...,
What are the main aims of price d...
29
cards
3.4.5 Natural Monopoly
What is a natural monopoly 1,
Give examples of natural monopoly...,
Describe the costs of a natural m...
10
cards
3.4.6 Monopsony
Define a monopsony 1,
Give examples of monopsony power 2,
Give the conditions for monospony 3
12
cards
3.4.7 Contestability
Define contestability 1,
Define a contestable market 2,
Define sunk costs 3
31
cards
3.5.1 Wage Determination In Labour Markets
What is the wage rate 1,
What happens if wages are above e...,
What happens if wages are below t...
35
cards
3.5.1 Demand for Labour
Define the demand for labour 1,
What is the theory for the demand...,
What is the mpp marginal physical...
29
cards
3.5.2 Supply of Labour
Define supply of labour industry 1,
Define supply of labour economy 2,
What does the labour supply curve...
63
cards
3.6.1 and 3.6.2 Government Intervention and Controlling Monopolies
What is competition policy 1,
What does regulation involve 2,
When will the cma investigate and...
17
cards
3.6.1 Intervention to Promote Competition and Contestability and Protect Suppliers and Workers
Define competition 1,
Define contestability 2,
Give reasons to promote competiti...
30
cards
Theme 2 Recap and Extension
At what stage of the economic cyc...,
What trigger firms to invest 2,
What does the accelerator affect ...
30
cards
4.5 Role of the State in the Macroeconomy
How does the level of gdp affect ...,
How do demographic factors affect...,
How does level of development aff...
21
cards
4.5.4 Macroeconomic Policies in a Global Context and Managing MNCs
Give some possible solutions to r...,
Give some possible solutions to r...,
Explain how avoiding war can help...
38
cards
4.5.1 Trading Blocs and the World Trade Organisation
Define free trade 1,
Give the key features of free tra...,
Why do countries trade 3
47
cards
4.1.6 Restrictions on Free Trade
Give some pros of free trade 1,
Give some cons of free trade 2,
Give some examples of external sh...
54
cards
4.1.2 Specialisation and Trade
What is the heckscher ohlin theory 1,
What can the heckscher ohlin theo...,
What is the general theory behind...
29
cards
4.1.8 Exchange Rates
Define exchange rate 1,
Define multilateral exchange rate 2,
Define effective exchange rate 3
53
cards
4.1.1 Globalisation
Define globalisation 1,
What are the characteristics of g...,
Define a multinational company mnc 3
31
cards
4.1.9 International Competitiveness
Define international competitiven...,
What are the determinants of inte...,
What are the two measures of inte...
22
cards
4.3.1 and 4.3.2 Factors Influencing Development
How does development differ from ...,
Give some factors important in de...,
Give some arguments for growth le...
48
cards
4.3.1 Measuring Growth and Development
What is the hdi 1,
How is health measured 2,
How is quality of education measu...
19
cards
4.3.3 Policies to Promote Growth and Development - Market-Orientated
What are the broad strategies use...,
Give the market orientated strate...,
Define market orientated strategi...
16
cards
4.3.3 Policies to Promote Growth and Development - Interventionist
Give the interventionist strategi...,
Define interventionist strategies 2,
What is the general analysis for ...
22
cards
4.3.3 Policies to Promote Growth and Development - Other Strategies and International Institutions
What are other policies to promot...,
What does the lewis model assume 2,
What is the lewis model industria...
40
cards
4.2.1 Absolute and Relative Poverty
Define absolute poverty 1,
What is the world bank definition...,
What are the possible causes of a...
15
cards
4.2.2 Inequality
Define inequality 1,
Define income inequality 2,
Define wealth inequality 3
30
cards
2.6.2 The Great Depression and the Global Financial Crisis
Give an overview of the great dep...,
Give the causes of the great depr...,
Give the uk policy responses to t...
9
cards
4.4.1 Role of Financial Markets
Define financial markets 1,
State two reasons why financial m...,
State four types of financial mar...
15
cards
4.4.2 Market Failure in the Financial Sector
What are the kinds of market fail...,
Explain asymmetric information 2,
Give an example of asymmetric inf...
18
cards
4.3.3 Role of the Central Bank
Give the roles of the central bank 1,
Explain controls monetary policy 2,
Explain bank to the government 3
14
cards
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