- decks
- flashcards
- learners
Decks in this class (29)
1.1 The Economic Problem
What is an economic good 1,
What is a free good 2,
What is the economic problem 3
4
cards
1.2 The Allocation Of Resources
What is an economic system 1,
What are the possible economic sy...,
What are the 3 functions of marke...
7
cards
1.3 Opportunity Cost
What is opportunity cost 1,
What is a production possibility ...,
What do different points on the p...
7
cards
2.1 Specialisation And Trade
What is division of labour 1,
What is specialisation 2,
What is an example of specialisat...
5
cards
2.2 Demand
What is demand 1,
What is effective demand 2,
What is the law of demand 3
14
cards
2.3 Supply
What is the definition of supply 1,
What is supply in a labour market 2,
What is the law of supply 3
7
cards
2.4 consumer and producer surplus
What is consumer surplus 1,
What does consumer surplus look l...,
How does a change in price affect...
6
cards
2.5 the interaction of markets
What is social welfare 1,
What is allocative efficiency 2
2
cards
2.6 Elasticity
How to calculate ped 1,
What do different ped s look like 2,
What are the determinants of ped 3
17
cards
2.7 The Concept Of The Margin
What is marginal revenue 1,
What is marginal cost 2,
What is marginal private benefit ...
6
cards
2.8 Market Failure
What is market failure 1,
What are the possible reasons for...,
What is an externality 3
14
cards
2.9 information failure
What is a demerit good 1,
What is information failure 2,
What is the effect of demerit goo...
12
cards
2.10 Public Goods
What is a public good 1,
What is the difference between pu...,
What does the characteristic of n...
7
cards
2.11 Government Intervention
What is an indirect tax and what ...,
What is the effect of an indirect...,
What are the 2 types of indirect ...
61
cards
3.1 Business Objectives
What is a profit maximising objec...,
Why may a firm decide to supply w...,
What happens to a firm whose tota...
11
cards
3.2 Costs And Economies Of Scale
What are internal economies of sc...,
What are external economies of sc...,
What is the minimum efficient sca...
23
cards
3.3 Revenue And Profit
0
cards
4.1 Perfect Competition
What are the assumptions charache...,
What does the diagram for the fir...,
What is the diagram for a firm ea...
6
cards
4.2 Monopoly + (Price discrimination)
What is a monopoly 1,
What are the charachteristics ass...,
What is dynamic efficiency 3
30
cards
4.3 monopolistic competition
What is monopolistic competition ...,
What does the monopolistic compet...
2
cards
4.4 Olligopolies
What is an olligopoly 1,
What are the charachteristics of ...,
What does the interdependence of ...
15
cards
4.5 Contestable Market Theory
What is contestable market theory...,
What is hit and run entry 2,
How does contestability affects b...
10
cards
5.1 Demand Of Labour
How is the demand for labour deri...,
What is the marginal revenue prod...,
What is the marginal physical pro...
11
cards
5.2 Supply Of Labour
Why is the supply curve for labou...,
What are the factors affecting su...,
What are the factors affecting su...
14
cards
5.3 Monopsony + Trade Union + Bilaterally Monopolly
What is a monopsony 1,
What is the diagram for a monopso...,
What is a trade union 3
12
cards
section 1 definitions
What is an economic good 1,
Define a free good 2,
What is the basic economic problem 3
25
cards
section 2 definitions
What is specialisation in economi...,
Define division of labour 2,
What is demand 3
73
cards
section 3 definitions
What is profit maximisation 1,
What does sales revenue maximisat...,
Define sales volume maximisation 3
35
cards
section 4 definitions
What is perfect competition 1,
Define monopoly 2,
What is dynamic efficiency 3
18
cards
More about
OCR A-level MicroEconomics
- Full test name Unspecified
- Test acronym Unspecified
The creator of this class did not yet add a description for what is included in this class.
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.
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?
OCR A-Level Chemistry
- 34 decks
- 1239 flashcards
- 970 learners
Decks:
Chapter 2 Atoms Ions And Compounds, Chapter 3 Amount Of Substance, Chapter 4 Acids And Redox, And more!
OCR A-level microeconomics
- 5 decks
- 50 flashcards
- 9 learners
Decks:
The Basic Economic Problem, The Market Economy, The Concept Of The Margin, And more!
