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Aarun ECON (Theme 3)

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

By: Shyam Gupta
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Decks in this class (14)

LS1 - Size And Types Of Firms
Reasons why firms seek growth,
Reasons why some firms choose to ...,
Reasons why some firms must remai...
5  cards
LS2 - How Businesses Grow
Internal organic growth,
External inorganic growth,
Types of mergers
11  cards
LS3 - Costs And Revenues
Fixed costs,
Total costs,
Variable costs
11  cards
LS4 - Economies And Diseconomies Of Scale
What happens to a firm as it incr...,
Returns to scale,
Types of economies of scale internal
5  cards
LS5 And 6 - Profit, Loss, Business Objectives
Profit,
Normal profit,
Supernormal profit
10  cards
LS7 - Efficiency
Efficiency,
Productive efficiency,
Allocative efficiency
5  cards
LS8 - Perfect Competition
Perfect competition model,
Perfect competition assumptions,
Perfect comp profit maximising eq...
5  cards
LS9 - Demand And Supply For Labour
Factors that shift the demand cur...,
Demand for labour,
Supply of labour
9  cards
LS10 - Monopoly
Assumptions of monopoly,
Monopoly in equilibrium,
Monopoly profit max diagram
8  cards
LS11 - Monopolistic Competition
Monopolistic competition characte...,
Monopolistic comp short run profi...,
Monopolistic comp long run profit...
8  cards
LS13 + LS14 - Oligopoly And Contestability
Characteristics of oligopoly,
Oligopoly,
Concentration ratio
14  cards
LS15 - Monopsony, Natural Monopoly
Monopsony,
Natural monopoly,
Barriers to entry and exit
4  cards
LS16 + LS18 - Regulation, Regulatory Capture
Downsides of monopoly power,
Anti competitive policies,
Competition policy
17  cards
LS17 - Competition, Protecting Suppliers And Workers
Sme,
Start up,
Why should governments support sm...
18  cards

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Aarun ECON (Theme 3)

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