Micro essay questions Flashcards
T1: evaluate the problem of scarcity in the requirement to make choices
T1: evaluate rationality as a way of understanding the behaviour economic agents
T1: evaluate the different objectives of economic agents in an economy
T1: evaluate the effectiveness of incentives on the behaviour of economic agents and resource allocation
T1: evaluate the allocation of resources in different economic systems
T2: evaluate the role of specialisation and the division of labour in addressing the problem of scarcity
T2: evaluate the impacts of changes in price on consumer and producer surplus
T2: evaluate the impacts of changes in demand or supply in one market on a market
T2: evaluate the factors that determine the value of PEDYEDXED and PES
T2: evaluate the usefulness and significance of PED YED XED PES
T2: evaluate the consumption and production of Merrit goods
T2: evaluate the provision of public goods
T2: evaluate the effectiveness of government intervention- TAXATION
T2: evaluate the effectiveness of government intervention - SUBSIDIES
Evaluate the effectiveness of government intervention - GOVERNMENT EXPENDITURE
t2: evaluate the effectiveness of government intervention- price controls but 2024
evaluate the effectiveness of government intervention- BUFFER STOCK SYSTEMS
evaluate the effectiveness of government intervention – public private partnerships partnership
Evaluate the effectiveness of government intervention– legislation and regulation
evaluate the effectiveness of government intervention – tradable pollution permits
Evaluate the effectiveness of government intervention – information provision
Evaluate the effectiveness of government intervention – competition policies
Evaluate the causes and consequences of government failure
Evaluate maximisation and non-maximisation objectives
evaluate causes of economies and diseconomies of scale
evaluate the significance of economies and diseconomies of scale
Evaluate advantages and disadvantages of a monopoly
Evaluate advantages and disadvantages of a natural monopoly
evaluate advantages and disadvantages of monopolistic competition - 2024
Evaluate advantages and disadvantages of oligopoly markets
Evaluate advantages and disadvantages of a contestable market
evaluate the impacts of changes in labour market flexibility and labour mobility- 2024
evaluate the impact of trade union activity on labour markets
Evaluate the impact of a monopsonist employer on the markets
Evaluate the impact of a bilateral of monopoly on a labour market
