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Y12 Micro Economics

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

By: Oscar LADBROOK
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Decks in this class (8)

Economic Methodology (1.1)
Positive statement,
Normative statement
2  cards
Economic Resources (1.3)
Free market economy,
Human capital
2  cards
Determinants of demand (2.1)
Demand,
Law of demand,
Conditions of demand shifts curve
3  cards
Elasticities (2.2)
Ped,
Yed,
Xed
5  cards
Supply (2.3)
Supply,
Law of supply,
Conditions of supply
5  cards
Economies & Diseconomies of scale (3.4)
Economies of scale,
Diseconomies of scale,
External economies of scale
3  cards
Gov intervention (market failure)
Indirect tax advantages,
Indirect tax disadvantages,
Subsidy advantages
8  cards
Market structures
Perfect com,
Sources of monopoly power,
Perfect competition conditions
3  cards

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Y12 Micro Economics

  • Class purpose General learning

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