This class was created by Brainscape user Kush R. Visit their profile to learn more about the creator.
By:
Kush R
- decks
- flashcards
- learners
Decks in this class (15)
1.1 The Economic Problem
What is an economic good 1,
What is a free good 2
2
cards
1.2 The Allocation Of Resources
What is an economic system 1,
What are the possible economic sy...,
When does a market operate freely 3
8
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...
7
cards
2.5 the interaction of markets
What is social welfare 1,
What is allocative efficiency 2,
Blank 3
3
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
18
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 1
1
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 ...
5
cards
2.11 Government Intervention
0
cards
More about
OCR A-level MicroEconomics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Kush R's OCR A-level MicroEconomics flashcards now!
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
- 831 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
- 8 learners
Decks:
The Basic Economic Problem, The Market Economy, The Concept Of The Margin, And more!
