WH Economics (Micro)

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

Decks in this class (25)

1.1.1 Economics as a Social Science
0  cards
1.1.2 Positive and Normative Statements
0  cards
1.1.3 The Economic Problem
0  cards
1.1.4 PPFs
0  cards
1.1.5 Specialisation and the Division of Labour
0  cards
1.1.6 Free Market, Mixed and Command Economies
0  cards
1.2.1 Rational Decision Making
0  cards
1.2.2 Demand
0  cards
1.2.3 elasticity of demand
Define ped 1,
Formula for ped 2,
What does perfectly in elastic me...
7  cards
1.2.4 Supply
0  cards
1.2.5 elasticity of supply
What is pes 1,
Influences on price elasticity of...
2  cards
1.2.6 Price Determination
0  cards
1.2.7 Price Mechanism
0  cards
1.2.8 Consumer and Producer Surplus
0  cards
1.2.9 Indirect Taxes and Subsidies
0  cards
1.2.10 Alternative Views Of Consumer Behaviour
0  cards
1.3.1 - Types of Market Failure
What is market failure 1,
What are the 3 types of market fa...
2  cards
1.3.2 - Externalities
What are private costs benefits 1,
What are social costs benefits 2,
What are external costs benefits 3
9  cards
1.3.3 - Public Goods
Blank 1
1  cards
1.3.4 Infomation Gaps
0  cards
1.4.1 Government Intervention
0  cards
1.4.2 Government Failure
0  cards
Theme 1
What is a positive statement 1,
What is a normative statement 2,
What is the basic problem of econ...
59  cards
Theme 3
What is profit maximisation 1,
Where does revenue maximisation o...,
What is a price taker ar curve 3
43  cards
Theme 1 (MDF)
What is the basic economic problem 1,
Why is choice central to the basi...,
Economics is the study of 3
322  cards

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WH Economics (Micro)

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