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Economics Revision > 7.4: Private costs and benefits, externalities and social costs and benefits > Flashcards

7.4: Private costs and benefits, externalities and social costs and benefits Flashcards

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Economics Revision (11 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

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