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Microeconomics Year 1

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

By: Gavin Nkalubo
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Decks in this class (6)

Government Failure
Government failure occurs when,
Intervention causes,
Impact of policies
8  cards
Equilibrium Market Prices
What does equilibrium mean,
What is equilibrium price,
How is equilibrium price set
10  cards
Productivity Possibility Curves
Define a production possibility c...,
What assumptions are made when dr...,
What is productive efficiency
7  cards
Economic Methodology
What are the aims of economics,
What difficulties are there in ec...,
Define ceteris paribus
17  cards
3.1.5.4 Positive and negative externalities in consumption and production
What is a negative externality,
What is a positive externality
2  cards
3.1.5.5 Merit and demerit goods
What is a demerit goods,
What is a demerit goods,
Give an example of merit good
6  cards

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Microeconomics Year 1

  • Class purpose General learning

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