This class was created by Brainscape user hannah s. Visit their profile to learn more about the creator.
By:
hannah s
- decks
- flashcards
- learners
Decks in this class (36)
Individual Economic Decision Making
What is utility,
What is total utility,
What is marginal utility
9
cards
Imperfect Information
When does information failure occur,
Causes of information failure,
Examples of asymmetric information
4
cards
Behavioural Economics
What is bounded rationality,
What is heuristics,
What are default biases in choices
21
cards
Behavioural Economics 2
What are public sector organisations,
Examples of public sector organis...,
What is privatisation
12
cards
Production And Productivity
What is production a measure of,
What is productivity a measure of,
What is productivity in the lr
15
cards
Law Of Diminishing Returns
What is the short run,
What is the long run,
What is marginal product
11
cards
Costs Of Production
Mehta is total cost tc,
What is average cost ac,
What is marginal cost
3
cards
Economies And Diseconomies Of Scale
What is economies of scale,
How can you tell economies of sca...,
What is the long run curve made of
19
cards
Marginal, Average And Total Revenue
What is the ar curve the same,
What is total revenue tr,
When does maximum total revenue o...
6
cards
Profit
What is normal profit,
What do normal profits reflect,
What is sub normal profit
17
cards
Technological Change
What are the two types of innovation,
What is a pure play,
Examples of a pure play
8
cards
Efficiency
What is efficiency,
When is allocative efficiency rea...,
Main condition required for alloc...
9
cards
Market Structures
What are the most important featu...,
Cost factors that influence compe...,
What are natural cost advantages
11
cards
Business Objectives
When does revenue maximisation occur,
When does sales maximisation occur,
What is satisfying behaviour
18
cards
Divorce Between Ownership And Control & The Principle Agent Problem
What are the interests of shareho...,
What are the interests of manager...,
What are the interests of customers
15
cards
Perfect Competition
Assumptions of perfect competition,
What is the key objective within ...,
Examples of homogenous standardis...
18
cards
Monopolistic Competition
What is monopolistic competition ...,
Assumptions of monopolistic compe...,
Examples of monopolistic competition
17
cards
Oligopoly
What is an oligopoly,
What is the concentration ratio f...,
Assumptions of the model
17
cards
Oligopoly 2
What is game theory,
Who is a part of the game,
What are simultaneous games
10
cards
Oligopoly 3
What are the types of collusion,
Key aims of business collusion in...,
When is collusion illegal
24
cards
Price Discrimination
What is price discrimination,
Necessary conditions for price di...,
Main aims of price discrimination
15
cards
Contestable And Non-Contestable Markets
What isn t considered important w...,
What is more focus on within cont...,
Are all markets contestable
14
cards
Monopoly
What is a pure monopolist,
What is a working monopoly,
What is a dominant firm
33
cards
Labour Market
What does the demand for labour show,
In the theory of competitive labo...,
Formula for mrpl
13
cards
Labour Market 2
What is the labour supply,
What does an outward shift of the...,
Why would people become more will...
23
cards
Labour Market 3
Factors that may cause a gender p...,
In less developed countries what ...,
What do trade unions do
12
cards
Labour Market 4
Causes of labour market failure,
Policies to reduce occupational m...,
Policies to improve geographical ...
14
cards
Distribution Of Income And Wealth
Key labour market issues uk,
What is the claimant count jsa,
What is the labour force survey lfs
17
cards
Government Policies To Alleviate Poverty And Influence Income And Wealth Inequality
What are welfare state transfers,
What are state provided services,
What is original income
7
cards
Problem Of Poverty
What is absolute poverty,
What is relative poverty,
What is the official poverty line
9
cards
Government Intervention
What are the aims of competition ...,
What does competition policy aim ...,
How does competition policy aim t...
10
cards
Government Intervention To Control Monopolies
Types of government intervention ...,
How does a tax on profits reduce ...,
How does a liberalisation of mark...
23
cards
Intervention To Promote Competition And Contestability
Example of intervention to promot...,
What does de regulation of market...,
Techniques often used with the de...
13
cards
Market Intevention - Privitisation
What is privatisation,
Case for privatisation,
Counter arguments for privatisati...
7
cards
Government Intervention To Protect Suppliers And Employees
Two options of how the government...,
What does the buying power of a m...,
What is one option for interventi...
4
cards
Impact Of Government Intervention
What indicators might be used to ...,
Examples of intervention into mar...,
Regulations on max co2 emissions ...
12
cards
More about
Economics REVISION 5 (micro)
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study hannah s's Economics REVISION 5 (micro) flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
economics micro
- 85 decks
- 1217 flashcards
- 15 learners
Decks:
Demand Supply And Market Equilibrium, Key Phrases, Division Of Labour, And more!
Microeconomics
- 19 decks
- 666 flashcards
- 948 learners
Decks:
Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
Clinical Micro
- 39 decks
- 2287 flashcards
- 193 learners
Decks:
01 Introductory Microbiology Specimen Pr, Exam 1 Ch 1 Bacterial Cell Structure Phy, Exam 1 Ch 5 Performance Improvement In T, And more!
Economics
- 25 decks
- 1413 flashcards
- 1533 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
