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Microeconomics
> 8.1)The Market Mechanism > Flashcards
8.1)The Market Mechanism Flashcards
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Microeconomics
(49 decks)
1.1)Economic Methodology, Activity and Recourses
1.2)Scarcity, Choice & the Allocation of Recourses
1.3)Production Possibility Diagrams
2.1)Consumer Behaviour
2.2)Imperfect Infomation
2.3)Behavioural Economics
3.1)Demand Curves
3.2)Supply Curves
3.3)Market Equilibrium
3.4)Price, Income & Cross Elasticity of Demand
3.5)Price Elasticity of Supply
4.1)Productivity and Productivity
4.2)Specialisation
4.3)Diminishing Returns
4.4)Costs of Production
4.5)Economies & Diseconomies of Scale
4.6)Long Run Average Costs
4.7)Marginal, Average & Total Revenue
4.8)Profit
4.9)Technological Change
5.1)Market Structures
5.2)The Objectives of Firms
5.3)Perfect Competition
5.4)Monopolistic Competition
5.5)Oligopoly
5.6)Monopoly & Monopoly Power
5.7)Price Discrimination
5.8)Competition & Competitive Market Processes
5.9)Contestability
5.10)Market Structure, Efficency & Recource Allocation
5.11)Consumer & Producer Surplus
6.1):Labour Demand
6.2)Labour Supply
6.3)Wages
6.4)Trade Unions
6.5)National Minimum, Maximum & Living Wage
6.6)Discrimination
7.1)Icome & Wealth Distribution
7.2)The Lorenz Curve & Gini Coefficent
7.3)Poverty
7.4)Policies against Poverty
8.1)The Market Mechanism
8.2)Market Failure
8.3)Public, Private & Quasi Public Goods
8.4)Externalities
8.5)Tragedy of the Commons
8.6)Merit & Demerit Goods
8.7)Market Imperfections
8.8)Government Interevention
