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Economics Micro

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

By: gusy edwards
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Decks in this class (10)

1.1 - Nature of Economics
What is used to explain how econo...,
What does ceteris paribus mean 2,
What is a positive statement 3
15  cards
1.2 - How Markets Work
Consumers aim to maximise _____ f...,
What is utility 2,
What is demand 3
30  cards
1.3 - Market Failure
What are externalities 1,
What are information gaps 2,
What are private costs benefits 3
12  cards
1.4 - Government Intervention
What is a maximum price 1,
What is a minimum price 2,
What are tradeable pollution perm...
4  cards
3.1 - Business Growth
What are 3 reasons why some firms...,
What are 4 constraints of growth ...,
What is the principle agent probl...
13  cards
3.2 - Business Objectives
Where is profit maximising point 1,
Where is revenue maximising point 2,
Where is sales maximising point 3
4  cards
3.3 - Revenues, Costs and Profits
What are the 3 types of revenue 1,
What are 7 types of costs 2,
What is short run 3
18  cards
3.4 - Market Structures
What are the 4 types of efficienc...,
What is perfect competition 2,
What are the 4 features of perfec...
24  cards
3.5 - Labour Markets
What is derived demand 1,
What are the 6 factors influencin...,
What is price elasticity of deman...
13  cards
3.6 - Government Intervention
What do the competition and marke...,
What are the 4 ways monopolies ca...,
What are the 3 ways the governmen...
7  cards

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Economics Micro

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