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Micro- Stone

This class was created by Brainscape user Omer Thau Zuchman. Visit their profile to learn more about the creator.

By: Omer Thau Zuchman
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Decks in this class (15)

MICROECONOMICS
What is demand,
What effective demand,
What is on extension in demand
58  cards
Market Failures
What is consumer surplus,
What is producer surplus,
What is a value judgment
47  cards
Government Failures
What is government failure,
What are the 4 government failures,
What is meant by imperfect inform...
6  cards
Behavioural Economics
What is rational behaviour,
What is utility,
What is marginal utility
23  cards
Costs
What is a semi variable cost,
What is an example of a sunk cost,
What happens to the factors of pr...
12  cards
Economies And Diseconomies
What is economies of scale,
What is internal economies of scale,
What are the types of internal ec...
16  cards
Revenue, Profit, Total Revenue
What is total revenue,
What is average revenue,
What is marginal revenue
9  cards
Perfect Competition
What are the factors used to dete...,
What are the objectives of a firm,
What is the divorce of ownership ...
21  cards
Monopoly
What are the features of a monopoly,
What are barriers to entry,
Where does q occur in a monopoly
29  cards
Price Discrimination
What is price discrimination,
What are the conditions necessary...,
What are methods of price discrim...
12  cards
Oligopolys
What are the features of an oligo...,
What is the concentration ratio,
Why is there a gap in the mr curv...
13  cards
Monopolistic Competition
What are the features of monopoli...,
What is the diagram for short run...,
What is the diagram for long run ...
9  cards
Dynamics of competition and competitive market processes
Why might a govt get involved wit...,
Govt interventions for monopoly,
What is protectionism
9  cards
Public/Private , Regulated/Deregulated
Arguments fro public ownership,
Argument against state ownership,
Advantages of privatisation
10  cards
Contestability
What is contestability,
What are the features of contesta...,
How can you encourage contestability
3  cards

More about
Micro- Stone

  • Class purpose General learning

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