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Microeconomics Main > 4.1.5.3 Perfect competition (Paper 3) > Flashcards

4.1.5.3 Perfect competition (Paper 3) Flashcards

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Microeconomics Main (41 decks)

Economic methodology and the economic problem

Demand, PED, YED, XED and interrelationships between markets

Supply, PES, joint supply

Price determination, equilibrium, disequilibrium, excess demand/supply, the price mechanism

Production, costs and revenue

05 Market Failure: Core Concepts

05 Market Failure: The 6 Market Failures - monopolies, externalities, merit and de-merit goods

05 Market Failure: The 6 Market Failures - public goods, labour immobility, inequality

06 Government intervention and Government Failure

04 Markets in Action

03 Costs, Revenues and Market Structure

09 Costs & Revenues

10 Perfect Competition vs. Monopoly

Textbook Chapter 5

Labour Markers (Paper 1 & 3)

The distribution of income and wealth: poverty and inequality

4.1.47 Profit (Paper 3)

4.1.4.8 Technological change (Paper 1 & 3)

4.1.5.1 Market structures (Paper 1)

4.1.5.2 Objectives of firms (Paper 1 & 3)

4.1.5.3 Perfect competition (Paper 3)

4.1.5.4 Monopolistic competition (Paper 3)

4.1.5.5 Oligopoly (Paper 1)

4.1.5.6 Monopoly (Paper 1)

4.1.4.7 Price discrimination (Paper 3)

4.1.5.8 Dynamics of competition and competitive market processes (Paper 1 & 3)

4.1.5.9 Contestable and non-contestable markets (Paper 1)

4.1.5.10 Market structure, efficiency and resource allocation (Paper 1)

4.1.5.11 Consumer and producer surplus (Paper 3)

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 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

4.1.8.8 Public ownership, privatisation, regulation and deregulation of markets

4.1.8.9 Government intervention in markets

2022 Exam: Monopoly regulation, privatisation, deregulation, nationalisation

Paper 1 - An and Ev

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