Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Mircroeconomics - 4.1 Individuals , Firms , Markets and Market Failure

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

By: Daniel M
Start Studying

Decks in this class (8)

4.1.1 Economic methodology and the Economic Problem
What does economics as a social s...,
What is a positive statement,
What is a normative statement
42  cards
4.1.2 Individual Economic Decision Making
Define imperfect information,
Define asymmetric information,
Define bounded rationality
19  cards
4.1.8 - The Market Mechanism , Market Failure And Government Intervention In Markets
Define competition policy,
Explain what the competition mark...,
What is the uk regulatory framework
71  cards
4.1.7 - The Distribution Of Income And Wealth: Poverty And Inequality
Define income,
Define wealth,
Explain and draw the lorenz curve...
24  cards
4.1.6 - The Labour Market
What is the demand for labour der...,
What does the demand curve for la...,
Define the marginal cost for labour
49  cards
4.1.5 Perfect Competition , imperfectly competitive markets and monopoly
Define perfect competition,
What are the assumptions about pe...,
Describe a perfectly competitive ...
79  cards
4.1.4 - Production, Costs and Revenue
What is the short run in terms of...,
What is the long run in terms of ...,
What does short and long run symb...
57  cards
4.1.3 Price Determination in a competitive market
Define supply,
What is the basic law of supply a...,
What is a supply curve what does ...
80  cards

More about
Mircroeconomics - 4.1 Individuals , Firms , Markets and Market Failure

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Daniel M's Mircroeconomics - 4.1 Individuals , Firms , Markets and Market Failure flashcards for their Richard Challoner class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

A Level Economics - Theme 1 (Introduc...
  • 28 decks
  • 369 flashcards
  • 22 learners
Decks: 111 Introduction To Economics, 112 The Basic Economic Problem, 113 Factors Of Production, And more!
Marketing
  • 21 decks
  • 1585 flashcards
  • 1446 learners
Decks: Module 1 The Marketing Management Proces, Module 2 Corporate Strategies And Their, Module 3 Business Strategies And Their M, And more!
Edexcel Economics - Theme 1: Introduc...
  • 22 decks
  • 268 flashcards
  • 21 learners
Decks: 111 Economics As A Social Science, 112 Positive And Normative Economic Stat, 113 The Economic Problem, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions