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lew lee
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Decks in this class (17)
Specialisation And Division Of Labour
Pros and cons of specialisation,
Pros and cons of division of labour
2
cards
Demand and Supply shifts
Pintswc supply,
Pacific,
Eval for negative externalities
3
cards
PED & PES
Factors influencing ped analogy,
Factors influencing pes analogy,
Time on pes short run vs long run
7
cards
XED
Xed,
What are the 2 types of goods for...,
Compliments
7
cards
Market Failure
Productive efficiency,
Allocative efficiency,
Social effiency
21
cards
Government Failure
How can government intervent to c...,
How can government intervent to c...,
8 main types of government interv...
12
cards
Labour Markets
Elasticity of labour demand,
Factors influencing elasticity of...,
Elasticity of labour supply
11
cards
Business Growth
Reasons to grow 5,
Reasons to stay small 5,
Divorce of ownership and control ...
20
cards
Price Discrimination-Monopoly
3 conditions for price discrimina...,
What is the best outcome for pric...,
Pros cons of price discrimination...
3
cards
Monopoly
Advantages disadvantages of monop...,
Advantages disadvantages of monop...,
Overall evaluations for monopoly 6
4
cards
Oligopoly
Oligopoly characteristics,
Collusion,
Payoff matrix
12
cards
Contestable markets
What is a contestable market,
Assumption for constesable markets,
Hit and run competition
6
cards
Business Cycle
Output gaps for classical,
Output gaps for keynesian,
5 characteristics of a boom
3
cards
Micro facts/stats for application
How much did jeremy corbin sugges...,
What of uk earners contributed to...,
What s the national living wage
4
cards
25 Mark Frameworks
Minimum price pros 3 eg alcohol f...,
Evaluation for minimum price 3,
Maximum price pros 2
18
cards
Regulation and Competition Policy to restrict monopoly
4 types of regulation,
Merger policy when will cma inves...,
Merger policy investigating and b...
20
cards
Inflation
Benefits of high inflation,
Deflationary spiral,
Price wage spiral
3
cards
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Alevel2
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