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A level Economics Micro

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

By: Nikita Saini
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Decks in this class (14)

3.3.1 Revenue
What is the formula for total rev...,
What is average revenue,
What is the average revenue curve...
15  cards
3.3.2 Costs + 3.3.3 Economies of Scale
What does short run and long run ...,
What are the types of costs in th...,
What happens to all costs in the ...
34  cards
3.3.4 Profit
What is the formula for profit,
What is normal profit,
What is a loss
18  cards
3.2.1 business objectives
Who are influencers of the firm,
What are shareholders objectivies,
What are directors managers objec...
11  cards
3.1 Business Growth
Why might firns wish to grow,
Why may firms not want to expand,
Overall reasons why firms may wan...
31  cards
3.4.1 Efficency
What are the 4 types of efficency,
What is productive efficency,
What is allocative efficency
7  cards
3.4.2 Perfect Competition
What is a perfect competition,
What are the assumptions of perfe...,
What are homogenous goods
11  cards
4.1.2 Specialisation and Trade
What is an absolute advanatge,
What is the comparativr advantage,
How do you calculate comparative ...
33  cards
4.1.6 restrictions on free trade
What is a trade barrier,
What is free trade,
What are the types of restriction...
18  cards
4.4 Role of financial markets
What are the 5 roles of the finan...,
How do financial market facilitat...,
How do financial markets
8  cards
4.5.1 Public Expenditure
What are the 3 types of public ex...,
What is capital expenditure,
What is human capital
18  cards
4.3.2 Factors influencing growth and development
What are the constrains of develo...,
What are the stategies for improv...,
Why is poor education a constrain...
50  cards
primary
What is primary product dependancy,
What are the problems with primar...,
What is price instability
16  cards
3.5.2 Labor Market
What type of demand is demand for...,
What causes movements along the d...,
What factors cause shifts in dema...
10  cards

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A level Economics Micro

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1021 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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