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A Level Microeconomics

This class was created by Brainscape user Shahab Ahmadyar. Visit their profile to learn more about the creator.

By: Shahab Ahmadyar
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Decks in this class (20)

LS1- Size and Types of Firms
Reasons why firms seek growth 1,
Why firms choose to remain small 2,
Why firms must remain small 3
8  cards
LS2- Business Growth
Organic growth 1,
Inorganic growth 2,
Horizontal merger example 3
19  cards
LS3- Costs and Revenues
Explicit costs 1,
Implicit costs 2,
Fixed costs 3
14  cards
LS4- Economies and Diseconomies of Scale
What is eos 1,
Types of internal eos 2,
Risk bearing 3
11  cards
LS5- Profit and Loss
Normal profit 1,
Supernormal profit 2,
Shutdown points 3
4  cards
LS6- Business Objectives
When does revenue maximisation oc...,
Why revenue maximise 2,
Where does sales maximisation occ...
11  cards
LS7- Efficiency
Efficiency 1,
Productive efficiency 2,
Allocative efficiency 3
7  cards
LS8- Perfect Competition
Assumptions of perfect competition 1,
Many participants 2,
Perfect knowledge 3
3  cards
LS9- Demand and Supply for Labour
What is a firm 1,
Why is the demand for labour a de...,
What is meant by the phrase there...
11  cards
LS10- Monopoly
What is a monopoly 1,
Assumptions of a monopoly 3 main ...,
Types of inefficiencies in a mono...
10  cards
LS11- Monopolistic Competition
Monopolistic competition definiti...,
Characteristics of monopolistic c...,
Why are goods only slightly diffe...
10  cards
LS12- Labour Market Issues
List the 5 labour market issues 1
1  cards
LS13- Oligopoly
Oligopoly definition 1,
Oligopoly characteristics 2,
Oligopoly examples 3
14  cards
LS14- Contestable Markets
What is a contestable market 1,
Characteristics of a contestable ...,
How has technology increased cont...
9  cards
LS15- Monoposony & Pure Monopoly
Monopsony definition eg 1,
Main impacts of being a monopsoni...,
Monopsony power 3
14  cards
LS16- Monopolies & Mergers
Downside of monopoly power why go...,
Anti competitve practises 2,
The competition and markets autho...
22  cards
LS17- Competition, Protecting Suppliers and Workers
What is an sme 1,
What is a start up eg 2,
Benefits of small businesses and ...
20  cards
LS18 - Limits to Government Intervention
Regulatory capture 1,
Causes of regulatory capture 2,
Bribery 3
9  cards
Essays
Factors suggesting lower contesta...,
Evaluation of factors lowering co...,
Points for how regulation can inc...
6  cards
Exam Technique
5 marker 1,
8 marker 2,
12 marker 3
5  cards

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A Level Microeconomics

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