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Topic 1 - Micro > 1.2.10 Alternate view on consumer behaviour > Flashcards

1.2.10 Alternate view on consumer behaviour Flashcards

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Topic 1 - Micro (22 decks)

1.1.1 Economics as a social science

1.1.2 Positive and Normative Statements

1.1.3 The Economic Problem

1.1.4 Production Possibility Frontiers

1.1.5 Specialisation and the Division of Labours

1.1.7 Free Market Economies, Mixed and Command Economies

1.2.1 Rational Decision Making

1.2.3 Price, Income, and Cross Elasticies

1.2.5 Elasticity of Supply

1.2.6 Price Determination

1.2.7 Price Mechanism

1.2.8 Consumer and Producer Surplus

1.2.9 Indirect taxes and subsidies + Maximum and minimum prices

1.2.10 Alternate view on consumer behaviour

1.3.1 Types of Market Failure

1.3.2 Externalities

1.3.3 Public Goods

1.3.4 Information Gaps

1.4.1 Government Intervention in Markets

1.4.2 Government Failure

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