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✅👁️Y2 Economics Micro

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

By: Katie Farrell
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Decks in this class (6)

4.1.2 — Individual Economic Decision Making
What is the homo economicus theor...,
Define rational behaviour,
Define utility
41  cards
4.1.4 — Production, Costs And Revenue
What are some differences between...,
What is the marginal return of a ...,
What is the average return of a f...
33  cards
4.1.5 — Perfect Competition, Imperfectly Competitive Markets And Monopoly
In what ways can market structure...,
Define contestable market,
What is backwards vertical integr...
78  cards
4.1.6 — Labour Market
What are some characteristics of ...,
Equation for average cost of labour,
Define marginal costs of labour
56  cards
4.1.7 — Distribution Of Income And Wealth
Define wealth,
What is wealth inequality,
What is income
18  cards
4.1.8 — Market Mechanism, Market Failure, Gov Intervention In Markets
What are some advantages of the p...,
What are some disadvantages of th...,
What is tragedy of the commons
27  cards

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✅👁️Y2 Economics Micro

  • Class purpose General learning

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