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A-Level OCR Economics

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

By: James Chadwick
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Decks in this class (7)

1.1 The Economic Problem
Explain what an economic good is,
Explain what a free good is,
Explain the economic problem
7  cards
3.1 Business Objectives
Explain profit maximisation objec...,
Explain sales revenue maximisat,
Explain sales volume maximisation...
11  cards
3.2 Costs and Economies of Scale
Explain fixed costs,
Explain variable costs,
Explain and calculate
15  cards
3.2.1 Internal Economies Of Scale (IEoS)
Define an internal economy of scale,
What is a technical economy of scale,
What is specialisation of the wor...
10  cards
3.3 Revenue & Profit
Explain and calculate total revenue,
Explain and calculate average rev...,
Exp
6  cards
4.1 Perfect Competition
Explain the characteristics of pe...,
Explain and draw a diagram for pc...
2  cards
4.2 Monopolies
Explain the characteristics of a ...,
Explain dynamic efficiency,
Explain x inefficiency
3  cards

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A-Level OCR Economics

  • Class purpose General learning

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