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Microeconomics

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

By: Arthur Maslen
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Decks in this class (13)

Microeconomics graphs
John 1,
Blank 2
2  cards
1.1 Nature of Economics
What does ceteris paribus mean 1,
What do some people argue about e...,
What is a positive statement 3
62  cards
1.2 How Markets Work
What do consumers aim to maximise 1,
What is utility 2,
What do firms aim to maximise 3
73  cards
1.3 Market Failure
When does market failure occur 1,
What are the three main types of ...,
What is an externality 3
33  cards
1.4 Government Intervention
What are the advantages of an ind...,
What are the disadvantages of an ...,
What are some disadvantages of su...
28  cards
3.1 Business Growth
Why would firms choose to grow 1,
How can a firm growing help to ma...,
How can a firm growing help to ga...
42  cards
3.2 Business Objectives
What does neo classical economics...,
What point do firms produce at to...,
Why did william baumol think firm...
11  cards
3.3 Revenues, Costs and Profits
What is revenue 1,
What is total revenue 2,
What is average revenue 3
53  cards
3.4 Market Structures
When is allocative efficiency ach...,
When does a firm have productive ...,
When does a firm achieve dynamic ...
54  cards
3.5 Labour Markets
What does the demand curve for la...,
What determines the demand for la...,
What does the law of diminishing ...
40  cards
3.6 Government Intervention
What does the cma stand for 1,
What do the cma do 2,
How can the cma punish firms 3
10  cards
Theme 1 definitions
What is an ad valorem tax 1,
What is asymmetric information 2,
What is capital 3
77  cards
Theme 3 definitions
Allocative efficiency 1,
Asymmetric information 2,
Bilateral monopoly 3
76  cards

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Microeconomics

  • Class purpose General learning

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