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Louis Gillam
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Decks in this class (12)
Market Failure
Market failure definition,
Allocative efficieny in markets,
Diagram illustrating allocative e...
70
cards
Government intervention MICRO
Policies to correct market failur...,
Policies to correct market failur...,
Policies to correct market failur...
29
cards
Market structure and Oligopoly
Market structures,
Main features of a oligopoly,
There are two ways in which oligo...
25
cards
Market structures and Monop Comp
What do market structures depend on,
Barriers to entry,
Buisness objectives
20
cards
Market Structures and Monopoly
Monopoly definition,
Pure monopoly,
Characteristics of a monopoly
25
cards
Competition Policy and Privatisation
Main reasons why government may b...,
Policies to increase competition,
Policies to increase competition ...
24
cards
Costs, revenues and profits
The short run production function,
Average output,
Marginal output
41
cards
The growth of firms
Why do buisnesses want to grow,
Firms want to increase profits hi...,
Firms want to increase profits lo...
19
cards
Market Structures and Perfect Comp
Conditions for firms in perfect comp,
Some examples of the market,
Perfect comp diagram
10
cards
Scarcity and choice
The problem of scarcity and the e...,
Ppf,
Oppurtunity cost
12
cards
Demand and supply in product markets
What is a product market,
Objectives of economic agents,
Market demand
35
cards
Demand and Supply in labour markets
Labour demand,
Why is the labour demand curve do...,
Factors that shift demand
15
cards
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economics micro
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