This class was created by Brainscape user Megan Estrada. Visit their profile to learn more about the creator.
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Megan Estrada
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Decks in this class (14)
Econ theme 4
What is the definition of absolut...,
Fill in the blank absolute advant...,
Who is the economist associated w...
44
cards
Econ theme 3 - revenue costs and profit
Average revenue formula 1,
Average total cost formula 2,
Marginal cost formula 3
19
cards
econ theme 2
Actual economics growth 1,
Gdp 2,
Potential economic growth 3
24
cards
econ theme 1
Economic problem 1,
Factors of production 2,
Fop rewards 3
50
cards
Econ Theme 3 - efficiency
Productive efficiency 1,
Allocative efficiency 2,
X inefficiency 3
4
cards
Econ Theme 3 - Business Objectives +Growth
Influencers of the firm 1,
Revenue maximisation 2,
Sales maximisation 3
21
cards
Econ Theme 3 - Market Structures
N firm concentration ratios 1,
Monopoly 2,
Barriers to entry 3
38
cards
Econ Theme 3 - Regulation +competition policy
Cma and what they regulate 1,
Merger policy 2,
Price regulation 3
14
cards
Econ theme 3- Labour Markets
Blank 1,
Blank 2,
Blank 3
4
cards
Econ Theme 4b- Policy toolkit
Overlapping policies 1,
Direct controls 2,
Blank 3
15
cards
Econ theme 4 - Global Economy
Absolute advantage 1,
Comparative advantage 2,
Theory of comparative advantage 3
8
cards
Econ theme 1 - Market Failure & Government Intervention
Market failures 1,
What is an externality 2,
What is a negative externality 3
33
cards
indirect tax and subsidies
Direct tax 1,
Indirect tax 2,
Specific tax 3
9
cards
types of economy
Free market 1,
Mixed economy 2,
Command economy 2
9
cards
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Economics
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