edexcel a level economics theme 1: inroduction to markets & market failure

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

Decks in this class (22)

1.1.1: Economics As A Social Science
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5  cards
1.1.2: Positive & Normative Statements
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4  cards
1.1.3: The Economic Problem
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17  cards
1.1.4: Production Possibility Frontiers
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16  cards
1.1.5: Specialisation And The Division Of Labour
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14  cards
1.1.6: Types Of Economies
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14  cards
1.2.1: Rational Decision Making
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14  cards
1.2.2: Demand
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14  cards
1.2.3: Price, Income & Cross Elasticities Of Demand
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33  cards
1.2.4: Supply
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7  cards
1.2.5: Elasticities Of Supply
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12  cards
1.2.6: Price Determination
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9  cards
1.2.7: Price Mechanism
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9  cards
1.2.8: Consumer And Producer Surplus
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10  cards
1.2.9: Indirect Taxes & Subsidies
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19  cards
1.2.10: Alternate Views Of Consumer Behaviour
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6  cards
1.3.1: Types Of Market Failure
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4  cards
1.3.2: Externalities
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13  cards
1.3.3: Public Goods
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11  cards
1.3.4: Information Gaps
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12  cards
1.4.1: Government Intervention In Markets
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28  cards
1.4.2: Government Failure
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10  cards

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edexcel a level economics theme 1: inroduction to markets & market failure

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