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Microeconomics Year 2

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

By: zahranur tasyurdu
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Decks in this class (13)

Lesson 2 - Business Growth
What are the two main reasons tha...,
What does the profit incentive re...,
What are the 2 types of businesse...
19  cards
Lesson 3 - Theory Of The Firm: Costs
What are fixed costs and how do t...,
What are variable costs and how d...,
How do you calculate total costs
15  cards
Lesson 4 - Theory Of The Firm: Revenues
Define revenues,
What is marginal revenue,
What is a margin
13  cards
Lesson 5 - Theory Of The Firm: Profits
What is profit,
What is a firms main objective in...,
What is normal profit
19  cards
Lesson 6 - Theory Of The Firm: Perfect Competition
How can you distinguish between m...,
What are natural barriers,
What are high sunk costs
14  cards
Lesson 7 - Theory of the firm: Monopoly
What are the benefits of perfect ...,
What are the problems with perfec...,
What is an oligopoly
10  cards
Lesson 8 - Theory Of The Firm: Monopolistic Competition
What are the characteristics of m...,
What are the different types of n...,
Give an example of monopolistic c...
7  cards
Lesson 9 - Theory Of The Firm: Oligopoly
What are the 3 types of pricing s...,
What is price skimming,
What is limit pricing
12  cards
Lesson 10 - Competition Policy
What are the benefits of monopolies,
What are the disadvantages of per...,
What are the advantages of monopo...
21  cards
Lesson 11 - The Labour Market
What type of market is the labour...,
Demand for labour is,
What is marginal physical product...
9  cards
Lesson 12 - The Labour Market In The Real World
What is the impact of monopsonies...,
Example of a labour market monopsony,
Example of a labour market monopsony
13  cards
Lesson 13 - Market Failure
What are public goods,
What are private goods,
What is the difference between co...
10  cards
Lesson 14 - Privatisation And Regulation
What is nationalisation,
What are the arguments for nation...,
What are the arguments against na...
4  cards

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Microeconomics Year 2

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