Brainscape's Knowledge GenomeTM

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


See full index

OCR microeconomics Y1

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

By: muntaha azam
Start Studying

Decks in this class (11)

the economic problem
Positive statements,
Normative statement,
The basic economic problem
31  cards
the allocation of resources
Resource allocation,
Market economy,
Who makes economic decisions in m...
17  cards
opportunity cost
Opportunity cost,
Ppf curve and economic growth,
Capital goods
7  cards
specialisation and trade
Specialisation,
Advantages of specialisation,
Disadvantages of specialisation
8  cards
demand
Demand,
Individual demand,
Market demand
20  cards
supply
Supply,
Law of supply,
Profit motive
13  cards
consumer and producer surplus
Consumer surplus,
Where the area of consumer surplu...,
Inelastic demand and consumer sur...
9  cards
the interaction of markets
Ceteris paribus,
At market equilibrium
2  cards
elasticity
Elasticity,
Price elasticity of demand ped,
Ped formula
71  cards
market failure and externalities
Market failure,
Externalities,
Externalities can be
46  cards
government intervention
0  cards

More about
OCR microeconomics Y1

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study muntaha azam's OCR microeconomics Y1 flashcards 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?

Falcons Y1
  • 32 decks
  • 1618 flashcards
  • 25 learners
Decks: P1l1, P1l2, P1l3, And more!
Microeconomics
  • 19 decks
  • 666 flashcards
  • 981 learners
Decks: Economic Methodology Scarcity Choice And, Producer Surplus, Intro To Supply And Demand, And more!
OCR Biology A
  • 25 decks
  • 2069 flashcards
  • 1231 learners
Decks: 211 Cell Structure, 513 Neuronal Communication, 215 Biological Membranes, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions