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Micro year 1

This class was created by Brainscape user Christian van Huyssteen. Visit their profile to learn more about the creator.

By: Christian van Huyssteen
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Decks in this class (7)

Government intervention for monopolies
What is a monopoly,
What is a price maximum,
Explain the affect of a price max...
4  cards
MMicro ms
Define command economy,
Define ceteris paribus,
Define asymmetric information
7  cards
Definitions year 1
Ad valorem tax,
Asymmetric information,
Capital
74  cards
Introduction to markets and market failure 1.1
What is the problem of the ppf,
Using the diagram what is the opp...,
How can economic growth occur on ...
48  cards
How Markets Work 1.2
What is one of the underlying ass...,
What is one of the underlying ass...,
What is one of the underlying ass...
61  cards
Market failure 1.3
What are is an externality,
Public goods are non rivalry and ...,
What are private costs benefits
17  cards
Government intervention 1.4
What are the advantages of indire...,
What are the disadvantages of ind...,
What are the disadvantages of ind...
42  cards

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Micro year 1

  • Class purpose General learning

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