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micro economics

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

By: Andriy VALKOVYCH
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Decks in this class (17)

January MOCKS
What is the basic economic problem,
What is opportunity cost,
What does the ppf show
27  cards
revision for the may mocks (after january)
What does sira stand for,
What is a market,
What is consumer surplus
25  cards
positive consumption and negative production externalities
Ne in production,
Pe in consumption
2  cards
structures for questions
What is the structure for a 3 mar...
1  cards
sept - dec
What is the principle agent problem,
How do you overcome the principle...,
What are the constraints of busin...
39  cards
monopolies and perfect competition
What is a monopoly,
What is the difference between a ...,
What are the characteristics of m...
18  cards
efficiencies
What does productive efficiency e...,
How is productive efficiency achi...,
Can you explain where productive ...
18  cards
costs
What is the formula to calculate ...,
How is average fixed cost afc cal...,
Define average variable cost avc ...
11  cards
why firms decide to stay small/big
Mention some financial constraint...,
Reasons for growth of some firms,
What are the advantages of organi...
3  cards
monopolistic notes
What are the key characteristics ...,
Explain the nature of demand elas...,
What are the short run implicatio...
5  cards
TPP
What are the aims of tpp,
What type of approach is a tpp,
What is an alternative approach t...
7  cards
contestable markets
Characteristics of a contestable ...,
Impact of technology on contestab...,
Why do monopolies move towards ac ar
6  cards
competition policy
What does the cma stand for,
What are the 5 aims of competitio...,
What is an example of technologic...
16  cards
up learn stuff
What is market failure,
What are the 4 types of market fa...,
What are negative externalities
55  cards
sizes and types of firms
Explain economies of scale relati...,
What are the reasons for disecono...,
What is the main reason for small...
10  cards
collusion
What is collusion,
Why do firms collude,
What are 2 examples of collusion
6  cards
business objectives
What is the aim of shareholders i...,
What is the aim of managers and d...,
What are the benefits of revenue ...
5  cards

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micro economics

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