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Micro - EPD
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Micro - EPD
(71 decks)
All Diagrams (Still in Progress)
Explain how a production possibility diagram can be used to illustrate some features of the fundamental economic problem. [15 marks] - 4.1.1.5
2.4 - Pros + Cons + Eval - Free Market
2.4 - Signposting
4.1 Indirect Taxation
4.1 - Signposting
4.2 Subsidy
4.3 Minimum Price (Price Floor)
4.4 Maximum Price (Price Ceiling)
5.1 Negative Externality in Production
5.2 De-Merit Goods
5.3 Tragedy of the Commons
5.4 Public Goods
5.5 Information Failure
5.6 Factor Immobility
5.7 Volatile Commodity Prices
5.8 Monopoly Power
5.9 Income Inequality
6.1 Indirect Taxation and Market Failure
6.2 Subsidy and Market Failure
6.3 Regulation and Market Failure
6.3 - Signposting
6.4 Tradable Pollution Permits and Market Failure
6.5 State Provision and Market Failure
6.6 Information Provision and Market Failure
6.7 Price controls and Market Failure
6.8 Property Rights and Market Failure
6.9 Buffer Stock Schemes and Market Failure
6.10 Government Failure
7.1 Business Strategies to Improve Labour Productivity
7.2 Specialisation Advantages
7.3 Division of Labour Advantages
7.4 Benefits of Business Growth
7.5 Specific Benefits of Organic (Internal) Growth
7.6 Specific Benefits of Inorganic (External) Growth
7.7 Specific Benefits of Conglomerate Integration
7.8 Benefits to the Firm of a De-Merger
8.1 Costs
8.2 Functions of Profit
8.3 Barriers to Entry and Exit
8.4 Objectives of Firms
8.5 Efficiency for Market Structures
9.1 - Perfect Competition
9.1 Signposting
9.2 Monopoly
9.2 - Signposting
9.3 Natural Monopoly
9.3 - Signposting
9.4 Price Discrimination
9.4 Signposting
9.5 - Monopsony Product Market
9.5 - Signposting
9.6 - Monopolostic Competition
9.6 Signposting
9.7 Oligopoly
9.7 Signposting
9.8 Contestable Markets
9.8 Contestable Markets
10.1 Monopoly Regulation
10.1 Signposting
10.2 Privatisation and Deregulation
10.3 Nationalisation
10.3 Signposting
12.1 Foundations of Behavioural Economic Thought
12.2 Behavioural Economics - Cognitive BIases
12.3 Behavioural Nudge Policies:Types
8.4 - Signposting
10.2 Signposting
6.1 Signposting
Book2
Multiple Choice
