Microeconomics (theme 1) miss Lovvet.

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

Decks in this class (15)

1.1/2/3 The nature of economics.
What is the difference between ma...,
How are the prices in the markets...,
What is a model and how can it be...
9  cards
1.3
What are externalities,
What are private costs,
What are private benefits and ext...
15  cards
1.3 Topic sheets
What is market failure,
What is meant by an externality,
Define a negative externality
29  cards
3.1
What is a firm,
Why do businesses want to grow,
Why may businesses want to stay s...
10  cards
Nature Of Economics (Q25-Q39) Production Possibility Fronteirs
What is another term for ppf,
What does a ppf show,
Draw a ppf showing country x
15  cards
NATURE OF ECONOMICS KEY QUESTIONS
What is meant by a model in econo...,
What is meant by ceteris paribus ...,
Give an example of when you would...
24  cards
1.1.4 PPF
What does a choice involve in eco...,
What are the two types of resourc...,
What are the factors of production
13  cards
1.1.5 Specialisation of labour
What is specialisation of labour,
What individual speaks about the ...,
What are the advantages of specia...
14  cards
NATURE OF ECONOMICS (specialisation and division of labour)
What is meant by specialisation,
What are 3 benefits of specialisa...,
What is meant by productivity and...
9  cards
NATURE OF ECONOMICS (Types of market free questions)
What is a free market economy and...,
Define a mixed market economy and...,
Define a planned economy and give...
15  cards
1.2 Types of markets
What is the assumed objective of ...,
What is the assumed objective for...,
What is the assumed objective for...
79  cards
HOW MARKETS WORK SHEET QUESTIONS
What is the main objective of con...,
What is the main objective of pro...,
What is meant by effective demand
97  cards
how to answer questions
How to answer 3 marker,
How to answer 2 marker,
How to answer 10 marker
3  cards
1.4 topic sheets
Give three reasons why government...,
How can government intervention l...,
Name the 4 methods that the gover...
22  cards
1.4 lessons
What is the rationale for governm...,
What are the 4
2  cards

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Microeconomics (theme 1) miss Lovvet.

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