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Alison Vinan
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Decks in this class (14)
Specialisation & Division of labour
What is specialisation 1,
What is the division of labour 2,
Advantages of specialisation and ...
7
cards
Market Failure
What are negative externalities 1,
Draw a costs benefits diagram sho...,
What is the issue in negative ext...
11
cards
Government Intervention
What is the use of taxation 1,
What will a tax do on an external...,
What are subsidies 3
14
cards
Government Failure
What is government failure 1,
How is regulatory capture a form ...,
How is imperfect information a fo...
5
cards
Elasticities
What does ped measure and is it p...,
What are factors that influence p...,
Inelastic ped and revenue relatio...
13
cards
Price mechanism
What does the market equilibrium ...,
What are functions that fix a dis...,
What do price increases causing a...
4
cards
Consumer & Producer Surplus
Draw consumer surplus on a supply...,
Draw producer surplus on a supply...,
How is consumer surplus calculated 3
7
cards
Tax
What is direct tax 1,
What is indirect tax 2,
Draw a supply and demand diagram ...
6
cards
Economics Systems
What are command economies 1,
Who supported command economies a...,
Advantages of command economies 3
10
cards
Frameworks
Consumer points 1,
Producers 2,
Government 3
4
cards
Demand and Supply
What is demand 1,
What can shift demand 2,
What is assumed of consumers 3
6
cards
Economic Problem
What is a positive statement 1,
What is a normative statement 2,
What is the economic problem 3
6
cards
Production Possibility Frontiers
What does the ppf curve show 1,
How is opportunity cost shown on ...,
Difference between increasing con...
7
cards
Rational and Irrational Choice
What influences peoples behaviour 1,
What is herd behaviour 2,
What is habitual behaviour 3
4
cards
More about
Microeconomics
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