This class was created by Brainscape user Sameer Ahmed. Visit their profile to learn more about the creator.
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Sameer Ahmed
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Decks in this class (11)
1.1: Nature of Economics
What is the key assumption made b...,
What are positive statements 2,
What are normative statements 3
30
cards
1.2 How Markets Work
What is demand in economic terms 1,
What are the factors that can shi...,
What is derived demand 3
60
cards
1.3 Market Failure
What is market failure 1,
What are the types of market fail...,
Define externality 3
21
cards
1.4 Government Intervention
What is the purpose of government...,
What are indirect taxes 2,
What is an example of an ad valor...
20
cards
3.1 Business Growth
What determines the size of firms...,
What are economies of scale 2,
What is diseconomies of scale 3
20
cards
3.2 Business Objectives
What is profit maximisation 1,
What happens to profits when mr mc 2,
What happens to profits when mc mr 3
9
cards
3.3 Revenues, Costs and Profits
What is the formula for total rev...,
What does marginal revenue repres...,
How is average revenue calculated 3
13
cards
3.4 Market Structures
What is allocative efficiency 1,
What is productive efficiency 2,
What is static efficiency 3
97
cards
3.5 Labour Markets
Blank 1,
What is the labour market 2,
What does derived demand mean in ...
29
cards
3.6 Government Intervention
What is the main competition regu...,
What are the key aims of competit...,
What happens if a merger is deeme...
33
cards
Microeconomic Cast Studies
What percentage of global e comme...,
What is the projected percentage ...,
What is amazon s share of the us ...
32
cards
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Economics 2.0
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