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MICRO ECONOMICS > 4.1.2.3 aspects of behavioural economic theory > Flashcards

4.1.2.3 aspects of behavioural economic theory Flashcards

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MICRO ECONOMICS (25 decks)

4.1.1.1 economic methodology

4.1.1.2 the nature and purpose of economic activity

4.1.1.3 economic resources

4.1.1.4 scarcity, choice and the allocation of resources

4.1.1.5 production possibility diagrams

4.1.2.1 consumer behaviour

4.1.2.2 imperfect information

4.1.2.3 aspects of behavioural economic theory

4.1.2.4 behavioural economics and economic policy

4.1.3.1 the determinants of the demand for goods and services

4.1.3.2 price, income and cross elasticities of demand

4.1.3.3 the determinants of the supply of goods and services

4.1.3.4 price elasticity of supply

4.1.3.5 the determination of equilibrium market prices

4.1.3.6 the interrelationship between markets

4.1.8.1 how markets and prices allocate resources

4.1.8.2 the meaning of market failure

4.1.8.3 public goods, private goods and quasi-public goods

4.1.8.4 positive and negative externalities in consumption and production

4.1.8.5 merit and demerit goods

4.1.8.6 market imperfections

4.1.8.7 competition policy

4.1.8.8 public ownership, privatisation, regulation and deregulation of markets

4.1.8.9 government intervention in markets

4.1.8.10 government failure

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