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Ria Pierre
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Decks in this class (13)
Glossary
Economics,
Ceteris paribus,
Rationality
26
cards
4.1.1. - Economic Methlodology And The Basic Economic Problem
Why is economics a social science,
How does economics being a social...,
What are models
28
cards
4.1.3.1- Demand
Define demand,
What is the law of demand,
3 reasons why the demand curve ha...
20
cards
4.1.3.2/4/6- PED, PES, XED, YED
Define elasticity,
Define ped,
Define pes
39
cards
4.1.3.3- Supply
Define supply,
Define the law of supply,
How to work out profit
13
cards
4.1.3.5 - Equilibrium
Define equilibrium,
Define disequilibrium,
Causal chain structure for a 9 ma...
13
cards
4.1.8.1 - How Prices And Markets Allocate Resources
Define signalling function,
Example of signalling function,
Describe rationing function
8
cards
4.1.8.2 /3 - market failure/ Public,priv Goods
If,
Define compete market failure,
Define partial market failure
15
cards
4.1.8.4 - positive and negative externalities
What is an externality,
Which externalities effect the su...,
Which externalities effect the de...
6
cards
4.1.8.5 - merit and demerit goods
What are the characteristics of a...,
What is the difference between me...,
What are the characteristics of a...
3
cards
4.1.8.6 - Market Imperfections
What are the features of a perfec...,
Why do market imperfections exist,
What is imperfect and asymmetric ...
9
cards
4.1.8.9 - Government Intervention
How do governments intervene in m...,
What are indirect taxes,
What is ad valorem tax
40
cards
4.1.8.10 - Goverment Faliure
What are the 6 reasons for govern...,
What is government failure,
How does inadequate info leave to...
8
cards
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Micro Economics
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