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cheryl tsui
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Decks in this class (17)
Theme 1: How do markets work
When making economic decisions co...,
Consumer utility 2,
Two ways to make a decision are 3
40
cards
Theme 1: Nature of Economics
Positive statement 1,
Normative statements 2,
Basic economic problem 3
32
cards
Theme 1: Government intervention
Why do governments intervene 1,
Two types of indirect tax 2,
Ways in which the government corr...
17
cards
Theme 1: Market Failure
3 types of market failures 1,
Private benefit 2,
Social benefit 3
23
cards
Theme 1: Diagrams
Illustrate what happens to a cons...,
Illustrate what happens to a cons...,
Draw a specific tax diagram 3
10
cards
Theme 3: Business Growth
Give 5 reasons some firms grow 1,
Give 5 reasons why some firms sta...,
What are the 6 types of economies...
20
cards
Theme 3: Business Objectives
Who are the 4 influencers in the ...,
What do shareholders want 2,
What do directors and managers wa...
11
cards
Theme 3: Economies of scale
What are the 6 economies of scale 1,
What are purchasing economies of ...,
What are technical economies of s...
16
cards
Theme 3: Profit
How do you calculate profit 1,
What does total costs include 2,
What happens if normal profits no...
15
cards
Theme 3: Types of Efficiency
What is productive efficiency 1,
Show productive efficiency on a g...,
What is allocative efficiency 3
8
cards
Theme 3: Monopoly
What are the two types of monopoly 1,
What are the 3 assumptions when l...,
What are the 5 examples of high b...
10
cards
Theme 3: Oligopoly
What is game theory 1,
What are 4 key features of an oli...,
What are the 3 main ways firms co...
12
cards
Theme 3: Contestability
What is hit and run competition 1,
Why can firms in a contestable ma...,
What is competition 3
7
cards
Theme 3: Regulation and Competition policy
4 types of regulation of firms 1,
What is merger policy 2,
What is price regulation 3
22
cards
Theme 3: Labour Market Elasticities
What is elasticity of labour dema...,
What are the 3 factors that influ...,
If a worker is easy to substitute...
15
cards
Theme 3: Labour Market Shifts
How might change in derived deman...,
How might change in productivity ...,
How might change in productivity ...
10
cards
Theme 3: Monopsony
What are the two features of mono...,
What effect does monopsony power ...,
Draw a minimum wage diagram 3
11
cards
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COPY Advance Information Economics
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