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Paper 3 > Market Structures - Micro/Macro - Effects > Flashcards

Market Structures - Micro/Macro - Effects Flashcards

1
Q

Micro Effects of Market Structures

A

Static efficiencies
Anti-Competitive Strategies
Price Discrimination

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2
Q

Macro Effects of Market Structures

A

Dynamic Efficiency - LRAS
Jobs
Productive Efficiency - LRAS

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3
Q

Micro effects of Trade Unions

A

Wages and Employment
Costs to Firms
Monopsony Labour Market Outcomes

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4
Q

Macro effects of Trade Unions

A

Unemployment
Inflation
International Competitiveness, Trade, Current Account
FDI

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5
Q

Micro Effects of a Subsidy

A

Consumer Surplus
Market Failure
Inefficiency

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6
Q

Macro Effects of a subsidy

A

Protect Domestic Industry
Deflation
International competitiveness, Trade, Current account
Budget Deficit

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7
Q

Micro Effects of Privatisation/Deregulation

A

Static Efficiency
Dynamic Efficiency
Market Failures

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8
Q

Macro Effects of Privatisation/Deregulation

A

Productive and Dynamic Efficiency - LRAS
Employment/Unemployment
Gov Revenue

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Paper 3 (7 decks)

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