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Decks in this class (25)
Demand theory revisited
Consumer behaviour -> Individual economic decision making -> Microeconomics
44
cards
Rational economic decision making and economic incentives
Consumer behaviour -> Individual economic decision making -> Microeconomics
27
cards
Utility theory
Consumer behaviour -> Individual economic decision making -> Microeconomics
21
cards
Utility maximisation
Consumer behaviour -> Individual economic decision making -> Microeconomics
13
cards
Importance of the margin when making choices
Consumer behaviour -> Individual economic decision making -> Microeconomics
23
cards
The Importance of Information for Decision Making
Imperfect information -> Individual economic decision making -> Microeconomics
19
cards
The Significance of Asymmetric Information
Imperfect information -> Individual economic decision making -> Microeconomics
23
cards
Emergence of behavioural economics
Aspects of behavioural economic theory -> Individual economic decision making -> Microeconomics
19
cards
Rational economic behaviour
Aspects of behavioural economic theory -> Individual economic decision making -> Microeconomics
30
cards
Biases in decision making
Aspects of behavioural economic theory -> Individual economic decision making -> Microeconomics
23
cards
Altruism and fairness
Aspects of behavioural economic theory -> Individual economic decision making -> Microeconomics
23
cards
Choice architecture and framing
Behavioural economics and economic policy -> Individual economic decision making -> Microeconomics
25
cards
Market failure
Marginal analysis and market failure -> Market failure and government intervention in markets -> Microeconomics
26
cards
Public and private goods
Marginal analysis and market failure -> Market failure and government intervention in markets -> Microeconomics
23
cards
Externalities
Marginal analysis and market failure -> Market failure and government intervention in markets -> Microeconomics
32
cards
Demerit goods and merit goods
Marginal analysis and market failure -> Market failure and government intervention in markets -> Microeconomics
1
cards
Terms
Economics,
Needs and wants,
Goods and services
24
cards
1
Sugar tax the soft drinks industr...,
Tobacco duty
2
cards
2
Competitive market,
Effective demand,
Law of demand
9
cards
2.2
Elasticity,
Price elasticity of demand,
Measuring elasticity
10
cards
Price elasticity of supply
Price elasticity of supply,
How does the concept of elasticit...,
Qhow does the concept of elastici...
5
cards
Healthcare markets
How does the healthcare market de...,
Why is there no perfect informati...,
Economic motive in healthcare
19
cards
The role of the Gov in the mixed economy
Three basic questions of resource...,
Resource allocation what to produce,
Resource allocation how to produce
17
cards
Production, costs and revenue
Define production,
Factors of production,
When were the factors of producti...
83
cards
Oligopoly
Definition of oligopoly,
Why is oligopoly so hard to define,
Why is oligopoly so hard to define
39
cards
More about
Paper 1 Economics
- Class purpose General learning
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