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A Level Economics: Microeconomics > Micro Economics Key Terms > Flashcards

Micro Economics Key Terms Flashcards

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A Level Economics: Microeconomics (56 decks)

1.1 Economic Methodology

1.2 The Nature And Purpose Of Economic Activity

1.3 Economic Resources

1.4 Scarcity, Choice And Allocation Of Resources

1.5 Production Possibility Diagrams

2.1 Consumer Behaviour

2.2 Imperfect Infomation

2.3 Aspects Of Behavioural Economic Theory

2.4 Behavioural Economics And Economic Policy

3.1 The Determinants Of Demand

3.2 Price, Income And Cross Elasticites Of Demand

3.3 The Supply Of Goods And Services

3.4 Price Elasticity Of Supply

3.5 The Determination Of Equilibrium Market Price

3.6 The Interrelationship Between Market

4.2 Specialisation, Division Of Labour And Exchange

4.3 The Law Of Diminishing Returns And Returns To Scale

4.4 Costs Of Production

4.5 Economies And Diseconomies Of Scale

4.6 Marginal, Average And Total Revenue

4.8 Technological Change

5.1 Market Structure

5.2 The Objectives Of Firms

5.3 Perfect Competition

5.4 Monopoly And Monopoly Power

5.5 The Advantages And Disadvantages Of Monopoly

5.6 Monopolistic Competition

5.8 Price Discrimination

5.9 The Dynamics Of Competition And Competitive Market Processes

5.10 Contestable And Non-contestable Markets

5.11 Market Structure, Static Efficiency, Dynamic Efficiency And Resource Allocation

5.12 Consumer And Producer Surplus

6.1 The Demand Of Labour

6.2 Influences On The Supply Of Labour To Different Labour Markets

6.3 Perfectly Competetive Labour Markets

6.4 Imperfectly Competitive Labour Markets

6.5 The Inflence Of Trade Union In Determining Wages And Levels Of Unemployment

6.6 The National Minimum Wage

6.7 Discrimination In The Labour Market

7.1 The Distribution Of Income And Wealth

7.2 The Problem Of Poverty

7.3 Goverment Policies To Alleviate Poverty And To Influence The Distribution Of Income And Wealth

8.1 How Markets And Prices Allocate Resources

8.2 The Meaning Of Market Failure

8.3 Private Goods Public Goods And Quasi-public Goods

8.4 Positive And Negative Externalities In Production And Consumption

8.5 Merit And Demerit Goods

8.6 Market Imperfections

8.7 Competition Policy

8.8 Public Ownership, Privitisation, Regulation And Deregulation Of Markets

8.9 Goverment Intervention In Markets

Micro Economics Key Terms

8.10 Goverment Failure

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