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Micro Theme 1
> causes of market failure 1.3.3 > Flashcards
causes of market failure 1.3.3 Flashcards
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Micro Theme 1
(26 decks)
free market economies
introduction to economics
opportunity cost PPF curve 1.1.4
rational decision making 1.2.1
demand 1.2.2
supply 1.2.4
PED 1.2.3
PES 1.2.5
YED
Price determination market equilibrium 1.2.6
consumer and producer surplus 1.2.8
indirect taxation 1.2.9
subsidies 1.2.9
market failure and externalities 1.3.1 and 1.3.2
causes of market failure 1.3.3
govt intervention in markets - minimum pricing 1..4.1
cross elasticity of demand XED
allocative efficiency
price mechanism
information gaps
minimum pricing
government intervention in markets 1.4.1
state provision
externalities
government failure
tradable pollution permits
