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Prices and Markets

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

By: Michael Conti
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Decks in this class (18)

Week 1
Economics,
Economics has many branches and s...,
Economic method
34  cards
Week 2
The invisible hand,
The model of the competitive market,
Assumptions of the model of the c...
41  cards
Week 3
What is a normal good,
What do we assume at market equil...,
Equilibrium
25  cards
Week 4
Why do bad cars drive out the goo...,
If moral hazard is a serious prob...,
Reasons why efficiency wages migh...
47  cards
Week 5
Public goods introduction,
Non excludable,
Non rivalrous
73  cards
Practice Questions Tutorial 4
The baby bonus was a form of gove...,
The demand curve for fire extingu...,
The demand curve for fire extingu...
10  cards
Week 6
Consider the market illustrated i...,
Question 5 which of the following...,
Given that there are costs involv...
60  cards
Pracitce questions tutorial 5
Read the article london new year ...,
The mayor of richmond is consider...,
Why does the government need to p...
6  cards
Week 7
Suppose one firm accounts for 55 ...,
Wheelies bicycles is experiencing...,
Ananta earns 80 000 per year from...
9  cards
Week 8 More Week 7 accidentally put in macroeconomics
The graph on the right shows the ...,
If firms in a perfectly competiti...,
Given the long run adjustment pro...
58  cards
Pracitce questions tutorial 6
Figure 1 below shows the demand a...,
In figure 2 below assume that the...
2  cards
Week 9
Market power relates to the abili...,
Legal market power is created by ...,
Natural market power is created b...
67  cards
Practice Questions Tutorial 7
Plot the ac curve against the mar...,
The firm s demand curve is downwa...,
Mr curve is below
5  cards
Week 10
A collusive agreement between two...,
Some people might argue that the ...,
What causes the deadweight loss o...
32  cards
Practice Questions Tutorial 8
A firm operating in a perfectly c...,
A firm operating in a perfectly c...,
Q2 workings a should jane enter i...
4  cards
Practice Questions Tutorial 9
The government considers whether ...,
The government considers whether ...,
The government considers whether ...
6  cards
Revision questions
A production possibilities curve ...,
Comparative advantage means,
How do consumption possibilities ...
8  cards
Week 11
The firm,
The economics of organisation loo...,
Problems with the traditional app...
51  cards

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Prices and Markets

  • Class purpose General learning

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