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tan miah
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Decks in this class (13)
1.1.1-1.1.2
What is a model 1,
What are the 3 economic agents 2,
What is a positive statement 3
6
cards
1.1.3-1.1.4
What is a consumer durable 1,
What is a consumer non durable 2,
What is an example of consumer se...
18
cards
1.1.5
What is division of labour 1,
What is an advantage of division ...,
What is economies of scale 3
6
cards
1.1.6
What is a command economy 1,
What are the key aspects of comma...,
What are the advantages of a comm...
15
cards
1.2.2-1.2.3 demand
What is demand 1,
What is the law of demand 2,
What does a fall in market price ...
27
cards
1.2.4-1.2.5 supply
What is supply 1,
What is the law of supply 2,
What is a supply curve 3
5
cards
1.2.6-1.2.7 price determination/mechanism
What is market equalibrium 1,
What is price mechanism 2
2
cards
~
What is consumer surplus 1,
What is a subsidie 2,
How do you calculate yed 3
3
cards
1.2.8-1.2.9 Surplus & Subsidies
What is consumer surplus 1,
What is producer surplus 2,
How is consumer surplus shown on ...
9
cards
1.3.1 Types of market failure
What is market failure 1,
Why does the government intervene 2,
What is complete market failure 3
5
cards
1.3.2 Externalities
What is an externality 1,
Give an example of a negative pro...,
Give an example of a negative con...
13
cards
Information gaps and Carbon Tax
What is asymmetric information 1,
What is symmetric information 2,
What is carbon tax 3
6
cards
1.4.1 Government Intervention
What is non rivalry in a public g...,
What is non excludability in a pu...,
What is an excludable private good 2
7
cards
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economics
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