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By:
Henry Russell
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Decks in this class (11)
Micro 1.1
4 determinants of demand,
Law of demand,
Demand definition
53
cards
Micro 1.2
Define free market mechanism,
Define allocative efficiency,
Define productive efficiency
35
cards
Microeco 2.1
Total revenue,
Define total revenue,
Define average revenue
20
cards
Microeco 2.2
Factors of production in the shor...,
Factors of production in the long...,
In the _______ run there are both...
25
cards
Microeco 2.3
Profit formula,
Where is normal profit,
When is there a loss
44
cards
Microeco 2.4
A wage increase is caused by firm...,
Elasticity of labour demand defin...,
Elastic labour demand
24
cards
Macro 1.1
What is the circular flow of income,
What is real gdp,
3 leakages
18
cards
Macro 1.2
Define exchange rate,
What does the exchange rate diagr...,
Factors that affect exchange rates
21
cards
Micro 1.3
Advantages of specialisation,
Disadvantages of specialisation,
Advantages of division of labour
27
cards
Microeco 2.5
Characteristics of perfect compet...,
Characteristics of monopolistic c...,
What profit do firms make in mono...
19
cards
Topics
As topics,
A2 topics,
3 types of market failure
7
cards
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Micro Year 1
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