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economics - topic 3: microeconomic decision makers

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

By: Danielle CHAN
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Decks in this class (7)

3.1 - money and banking
Definition of money,
Definition o,
Definition of legal tender and ex...
25  cards
3.2 - households
Household definition,
Income definition,
Gross income definition
15  cards
3.3 - workers
Specialisation and division of la...,
Advantages of specialisation for ...,
Disadvantages of specialisation
13  cards
3.4 - trade unions
Trade union definition,
Types of trade union 4,
Role of a trade union 4
12  cards
3.5 - firms
Size of firms how to determine,
Why some firms are small 10,
Why some firms are big
8  cards
3.6 - firms and production
Short run production,
Long run production,
Production vs productivity
8  cards
3.7 - firms' costs, revenue and objectives
Cost of production,
Fixed cost,
Variable cost
12  cards

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economics - topic 3: microeconomic decision makers

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