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Economics Theme 3 (Micro)

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

By: Katie Taylor
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Decks in this class (20)

Sizes and Types of Firms (3.1.1)
What are reasons for why firms gr...,
What do economies of scale look l...,
What are reasons for why firms re...
21  cards
Business Growth (3.1.2)
What are the two types of growth ...,
What is organic growth internal 2,
What are the advantages of organi...
25  cards
Demergers (3.1.3)
What is a demerger 1,
What are the reasons for a demerg...,
What are the impacts of demergers...
6  cards
Business Objectives (3.2.1)
What are the four objectives of a...,
What is profit maximisation 2,
What are dividends 3
23  cards
Revenue (3.3.1)
What are the three types of reven...,
What is total revenue 1,
What is the equation for total re...
17  cards
Costs (3.3.2)
What are the three types of costs 1,
What are fixed costs 2,
What are some examples of fixed c...
21  cards
Economies and Diseconomies of Scale (3.3.3)
What are economies of scale 1,
What are diseconomies of scale 2,
What are internal economies of sc...
24  cards
Normal Profits, Supernormal Profits and losses (3.3.4)
What are explicit costs 1,
What are examples of explicit cos...,
What are implicit costs 3
16  cards
Efficiency (3.4.1)
What is efficiency 1,
What can efficiency be used to ju...,
What are the four types of effici...
20  cards
Perfect Competition (3.4.2)
What is perfect competition 1,
Is there an example of a perfect ...,
What are the characteristics of p...
9  cards
Monopolistic Competition (3.4.3)
What is monopolistic competition ...,
Is monopolistic competition a for...,
What are the characteristics of m...
8  cards
Oligopoly (3.4.4)
0  cards
Monopoly (3.4.5)
0  cards
Monopsony (3.4.6)
0  cards
Contestabillity (3.4.7)
0  cards
Demand for labour (3.5.1)
0  cards
Supply for Labour (3.5.2)
0  cards
Wage Determination in competitive and non-competitive markets (3.5.3)
0  cards
Government intervention (3.6.1)
0  cards
The impact of government intervention (3.6.2)
0  cards

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Economics Theme 3 (Micro)

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