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Decks in this class (17)
Economic Methodology
What is economics 1,
What is a social science 2,
What is a natural science 3
10
cards
Nature Amd Purpose Of Economic Activity
What is land 1,
What is labour 2,
What is enterprise 3
18
cards
Demand
What is demand in economics 1,
What does allocative efficiency m...,
Define derived demand 3
35
cards
4.1.8.3 Types Of Goods
Properties of private goods 1,
Properties of public goods 2,
Meaning of excludable 3
12
cards
Market Failure 4.1.8.2
What is market failure 1,
What are the 4 causes of market f...,
What is partial market failure 3
6
cards
Unit 8 - Markets
0
cards
How Markets And Prices Allocate Resources
What is the price mechanism 1,
What are the 4 key functions in t...,
What is the signalling function 3
16
cards
Public Goods, Private Goods & Quasi-public Goods
Characteristics of public goods 1,
Examples of public goods and why 2,
Characteristics of private goods 3
15
cards
Merit And Demerit Goods 4.1.8.5
What are merit goods and an examp...,
Why does underconsumption of meri...,
What does information failure lea...
9
cards
Positive And Negative Externalities In Consumption/ Production 4.1.8.4
What do producers and consumers o...,
Where on a graph is the socially ...,
When do positive externalities oc...
6
cards
Price Controls, Government Intervention 4.1.8.9
What are price controls 1,
What is a price ceiling what is i...,
How can u illustrate the impositi...
37
cards
Types Of Govt Failure
What are the 4 ways a market can ...,
Lower prices set my governments r...,
What did the maximum prices do to...
12
cards
Efficiency
What is productive efficiency 1,
Whats the condition for productiv...,
What is allocative efficiency 3
9
cards
Rational Choice Theory + Imperfect Info 4.1.2./2
What does traditional neoclassica...,
What is rational behaviour 2,
What is utility maximisation 3
35
cards
Unit 4 Production Costs And Revenue
Role of land 1,
Role of labour 2,
Role of capital 3
16
cards
Costs
How short is the short run 1,
How long is the long run 2,
What are variable costs 3
31
cards
Profit
If the loss making firms average ...,
What s it called on average reven...,
What are atc equal to in the long...
4
cards
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Micro Economics
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