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WH Economics (Micro)
> Theme 3 MDF > Flashcards
Theme 3 MDF Flashcards
Study These Flashcards
Study These Flashcards
WH Economics (Micro)
(48 decks)
1.1.1 Economics as a Social Science
1.1.2 Positive and Normative Statements
1.1.3 The Economic Problem
1.1.4 PPFs
1.1.5 Specialisation and the Division of Labour
1.1.6 Free Market, Mixed and Command Economies
1.2.1 Rational Decision Making
1.2.2 Demand
1.2.3 Elasticity of demand
1.2.4 Supply
1.2.5 Elasticity of supply
1.2.6 Price Determination
1.2.7 Price Mechanism
1.2.8 Consumer and Producer Surplus
1.2.9 Indirect Taxes and Subsidies
1.2.10 Alternative Views Of Consumer Behaviour
1.3.1 - Types of Market Failure
1.3.2 - Externalities
1.3.3 - Public Goods
1.3.4 Infomation Gaps
1.4.1 Government Intervention
1.4.2 Government Failure
Theme 1
Theme 1 (MDF)
Theme 1 Application
3.1.1 Sizes and Types of firms
3.1.2 Business Growth
3.1.3 Demergers
3.2.1 Business Objectives
3.3.1 Revenue
3.3.2 Costs
3.3.3 Economies and Diseconomies Of Scale
3.3.4 Normal profits, supernormal profits and losses
3.4.1 Efficiency
3.4.2 Perfect Competition
3.4.3 Monopolistic Competition
3.4.4 Oligopoly
3.4.5 Monopoly
3.4.6 Monopsony
3.4.7 Contestability
3.5.1 Demand For Labour
3.5.2 Supply Of Labour
3.5.3 Wage Determination in Competitive and Non Competitive Markets
3.6.1 Government Intervention
3.6.2 The Impact Of Government Intervention
Theme 3
Theme 3 MDF
Theme 3 Application
