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Economics - Theme 1 (Micro Economics) > 1.3.1 - Types of Market Failure > Flashcards

1.3.1 - Types of Market Failure Flashcards

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Economics - Theme 1 (Micro Economics) (22 decks)

1.1.1 Economics as a Social Science

1.1.2 - Positive and Normative Economic Statements

1.1.3 - The Economic Problem

1.1.4 - Production Possibility Frontiers (PPFs)

1.1.5 - Specialisation & The Division of Labour

1.1.6 - Free Market Economies, Mixed Economy & Command Economy

1.2.1 - Rational Decision Making

1.2.3 - Price, Income and Cross Elasticities of Demand

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

1.2.10 - Alternative views of 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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