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Lotti Loades
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Decks in this class (16)
Consumer behaviour
Behavioural economists 1,
Traditional economists 2,
Reasons for bounded rationality 3
16
cards
Elasticity
Define price elasticity of demand 1,
What demands the elasticity of de...,
How to workout pes 2
11
cards
Economies of scale
Define eos 1,
Define internal eos 2,
List eos 3
13
cards
Labour market
Define labour market 1,
Describe the demand curve for lab...,
Causes of labour demand shifts 3
29
cards
Inequality
Define wealth 1,
Define income 2,
Reasons for differentials in inco...
19
cards
Price mechanism
Define price mechanism 1,
Describe functions of price mecha...,
Functions price mechanism if ther...
5
cards
Oligopoly market structure
Define oligopoly 1,
Characteristics of oligopolies 2,
Describe kinked demand curve diag...
30
cards
Perfect Competition
Define pc 1,
Characteristics of pc 2,
Describe pc diagram 3
12
cards
Monopoly
Define monopoly market 1,
Characteristics of monopoly 2,
Analysis of diagram 3
10
cards
Market regulations
Describe competition policy 1,
Aims of comp policy 2,
When is comp policy needed 3
12
cards
Contestable markets
Features of contestable market 1,
How does tech affect contestable ...,
Impact of contestable market 3
6
cards
Efficiency
Describe allocative efficiency 1,
Describe productive efficiency 2,
Describe dynamic efficiency 3
5
cards
Gov intervention
Define nationalisation public own...,
Adv nationalisation 2,
Disadv nationalisation 3
35
cards
Market failure
Define market failure 1,
Causes of market failure 2,
Define complete market failure 3
29
cards
Gov failure
Define gov failure 1,
Causes of gov failure 2,
How does info failure cause gov f...
9
cards
market mechanism and forces
Define specialisation 1,
Adv of specialisation 2,
Disadv of specialisation 3
6
cards
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MICRO
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