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Microeconomics

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

By: Charlie Newing
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Decks in this class (12)

Elasticity
Elasticity,
Formula for xed,
What influences xed
39  cards
Market Failure
Types of market failure,
Information failure,
What are the two types of informa...
74  cards
The Basic Economic Problem
What is the basic economic problem,
What does a society have todecide...,
What are the four factors ofprodu...
72  cards
How Competitive Markets Work
Explain what is meant be a market...,
What is the relationship between ...,
What is meant by derived demand
26  cards
Objectives Of Firms
Firm,
Name 4 firm objectives,
Rank the firm objectives by speed...
37  cards
Economies of Scale
Fixed costs,
Variable costs,
Total costs tc
37  cards
Labour Market
What is labour,
What is a sub market,
Derived demand
65  cards
Oligopoly
What is the n firm concentration ...,
What is an oligopoly,
What is non price competition
25  cards
Revenue and Profit
What is total revenue,
What is average revenue,
What is marginal revenue
11  cards
Perfect Competition
What is market structure,
What is perfect competition,
What is a price taker
18  cards
Monopoly
What is a monopoly,
What is a perfect first degree pr...,
What is arbitrage
27  cards
Essay Plans
Evaluate using an appropriate dia...,
Evaluate using an appropriate dia...,
Evaluate using an appropriate dia...
30  cards

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Microeconomics

  • Class purpose General learning

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