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Economics - Theme 3

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

By: Jamie Perritt
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Decks in this class (20)

Sizes & Types of Firms
Why do some firms decide to remai...,
Why do firms decide to grow 2,
How do small firms survive 3
8  cards
Outsourcing
Outsourcing definition 1,
Government outsourcing 2,
Tendering 3
5  cards
Business Growth
Reasons for business growth 1,
Growth strategies 3 2,
Backward vertical integration 3
14  cards
Mergers & Takeovers
Key drivers for mergers takeovers 1,
Why do many mergers fail 2,
Joint ventures 3
3  cards
Demergers
Demerger definition 1,
Reasons for demergers 2,
Examples of demergers 3
4  cards
Costs
Fixed costs 1,
Variable costs 2,
Total costs 3
12  cards
Diminishing Returns
Diminishing returns 1,
Marginal product 2
2  cards
Revenue
Revenue maximisation 1,
Revenue synergies 2,
Average revenue curve u 3
4  cards
Normal Profits, Supernormal Profits & Losses
Normal profits 1,
Normal profit diagram u 2,
Supernormal profit 3
8  cards
Efficiency
Efficiency def 1,
Static efficiency 2,
Dynamic efficiency 3
6  cards
Perfect Competition
4 conditions of perfect competiti...,
Long run equilibrium 2 2,
Efficiency of perfect competition...
5  cards
Monopolistic Competition
Characteristics 1,
Long run 2,
Efficiency of monopolistic compet...
4  cards
Economies & Diseconomies of Scale
Diseconomies of scale 1,
External economies of scale 2,
Economies of scope 3
5  cards
Business Objectives
Stakeholders def 1,
Business objectives 2,
Objectives of managers 3
12  cards
Game Theory
Game theory prisoner s dilemma 1,
Evaluating first mover advantage 2,
Strategic independence 3
3  cards
Oligopoly
4 characteristics of an oligopoli...,
Barriers to entry in oligopolies ...,
Oligopoly diagram 3
8  cards
Monopsony
Monopsony def 1,
Pros cons of a monopsony firms co...
2  cards
Monopoly
Pros cons of a monopoly 1,
Types of monopoly 2,
Barriers to entry in monopolies 3
15  cards
Contestability
Characteristics of contestable ma...,
Implications of contestable marke...,
Contestability diagram 3
4  cards
Government Intervention
Government intervention to contro...,
Government intervention to contro...,
Price regulation u 3
12  cards

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Economics - Theme 3

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