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Economics Revision
> 7.3: Efficiency and market failure > Flashcards
7.3: Efficiency and market failure Flashcards
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Economics Revision
(12 decks)
Unit 1 - Basic economic ideas and resource allocation
Unit 2 - The price system and the microeconomy
Unit 3 - Government microeconomic intervention
Unit 4 - The Macroeconomy
Unit 7.1 and 7.2: Utility/indifference curves/budget lines
7.3: Efficiency and market failure
7.4: Private costs and benefits, externalities and social costs and benefits
7.5: Types of cost, revenue and profit, short run and long run production
7.6: Different market structures
7.7: Growth and survival of firms
7.8 Differing objectives and policies of firms
Unit 8 - Government microeconomic intervention
