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Anson Yan
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Decks in this class (22)
CH1. The economic problem
What is the economic problem 1,
How does knowing what to produce ...,
How does knowing who to produce f...
9
cards
CH2. Economic assumptions
What are the 2 underlying economi...,
What does maximising benefit mean...,
What are the reasons why consumer...
4
cards
CH3. Demand
What is demand 1,
What does a demand curve look like 2,
What is the relationship between ...
14
cards
Supply
What is supply 1,
What is the relationship between ...,
What does a supply curve look like 3
13
cards
Market equilibrium
How do you calculate total revenue 1,
What is excess demand 2,
What is excess supply 3
3
cards
Price Elasticity of Demand
What is a ped 1,
What is inelastic demand 2,
What is elastic demand 3
11
cards
Price Elasticity of Supply
What is pes 1,
What is inelastic supply 2,
What is elastic supply 3
9
cards
Income elasticity of demand
What is yed 1,
How do you calculate yed 2,
What are necessities and what is ...
7
cards
The Mixed Economy
What is economy 1,
What is the private sector 2,
What is the public sector 3
19
cards
Privitisation
What is a natural monopoly 1,
What is privitsation 2,
How does privatisation take place 3
8
cards
Externalities
What are external costs 1,
What are the 6 external costs 2,
What are external benefits 3
9
cards
CH14 Factors of production
What are the 4 factors of product...,
What is capital 2,
What is enterprise 3
8
cards
CH 15 Productivity and the Division of Labour
What is productivity 1,
How could land affect productivity 2,
How could labour affect productiv...
9
cards
CH 16 Business costs, Revenue & Profit
What are costs 1,
What are fixed costs 2,
What are variable costs 3
7
cards
Ch 17 Economies and Diseconomies of scale
What is economies of scale 1,
What is diseconomies of scale 2,
What is internal economies of sca...
6
cards
CH 18 Compedetive markets
What are barries to entry 1,
What are the features to a comped...,
What are the advantags of a compe...
6
cards
CH 19 Large & Small firms
What are the advantages of being ...,
What are the disadvantages of bei...,
What are the advantages of being ...
7
cards
CH 20 Monopoly
What is a monopoly 1,
What are the features of a monopo...,
What are price makers 3
7
cards
CH 21 Oligopoly
What is an oligopoly 1,
What are the features of an oligo...,
What is collusion 3
8
cards
CH 22 The labour market
What is the price of labour 1,
What is wage rate 2,
What are the factors affecting th...
8
cards
CH 23 Trade unions
What is a trade union 1,
What are the main aims of trade u...,
What is a closed shop 3
4
cards
CH 24 Government intervention
How might the government deal wit...,
What are the advantages of using ...,
What are the disadvantages of usi...
12
cards
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Microeconomics
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