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COPY Advance Information Economics

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

By: cheryl tsui
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Decks in this class (17)

Theme 1: How do markets work
When making economic decisions co...,
Consumer utility,
Two ways to make a decision are
40  cards
Theme 1: Nature of Economics
Positive statement,
Normative statements,
Basic economic problem
32  cards
Theme 1: Government intervention
Why do governments intervene,
Two types of indirect tax,
Ways in which the government corr...
17  cards
Theme 1: Market Failure
3 types of market failures,
Private benefit,
Social benefit
23  cards
Theme 1: Diagrams
Illustrate what happens to a cons...,
Illustrate what happens to a cons...,
Draw a specific tax diagram
10  cards
Theme 3: Business Growth
Why do some firms grow,
Why do some firms stay small,
What are the 6 types of economies...
20  cards
Theme 3: Business Objectives
Who are the 4 influencers in the ...,
What do shareholders want,
What do directors and managers want
11  cards
Theme 3: Economies of scale
What are the 6 economies of scale,
What are purchasing economies of ...,
What are technical economies of s...
16  cards
Theme 3: Profit
How do you calculate profit,
What does total costs include,
What happens if normal profits no...
15  cards
Theme 3: Types of Efficiency
What is productive efficiency,
Show productive efficiency on a g...,
What is allocative efficiency
8  cards
Theme 3: Monopoly
What are the two types of monopoly,
What are the 3 assumptions when l...,
Thye
10  cards
Theme 3: Oligopoly
What is game theory,
What are 4 key features of an oli...,
What are the 3 main ways firms co...
12  cards
Theme 3: Contestability
What is hit and run competition,
Why can firms in a contestable ma...,
What is competition
7  cards
Theme 3: Regulation and Competition policy
4 types of regulation,
What is merger policy,
What is price regulation
22  cards
Theme 3: Labour Market Elasticities
What is elasticity of labour demand,
What are the 3 factors that influ...,
If a worker is easy to substitute...
15  cards
Theme 3: Labour Market Shifts
How might change in derived deman...,
How might change in productivity ...,
How might change in productivity ...
10  cards
Theme 3: Monopsony
Monopsony,
What,
Draw a minimum wage diagram
11  cards

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COPY Advance Information Economics

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