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Helder Kiala
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Decks in this class (36)
1.1.1 and 1.1.2 and 1.1.3
What does ceteris paribus mean 1,
What s a positive statement 2,
What s a normative statement 3
7
cards
1.1.4
What does a ppf show 1,
How is opportunity cost shown on ...,
How is productive efficiency show...
9
cards
1.1.5
What is specialisation division o...,
Who is the economist who came up ...,
Name 2 advantages of the division...
9
cards
1.1.6
What s a free market economy 1,
Which economist supported a free ...,
What s a command economy 3
10
cards
1.2.1
What do consumers want maximise 1,
What do firms aim to maximise 2,
What do the government want to ma...
3
cards
1.2.2
What causes an expansion or contr...,
Name 2 things that cause a change...,
What s diminishing marginl utility 3
5
cards
1.2.3
What s the defintion of ped 1,
What s the definition of yed 2,
What the defintion of xed 3
26
cards
1.2.4
What causes and expansion or cont...,
Name 2 factors that affect supply 2,
What are government subsidies 3
5
cards
1.2.5
What s the definition of pes 1,
Formula of pes 2,
What elasticity of supply does a ...
10
cards
1.2.6
In a free market what determines ...,
What s excess supply 2,
How do you show excess supply on ...
10
cards
1.2.7
What s the price mechanism 1,
What s the signaling function 2,
What s the incentive function 3
4
cards
1.2.8
What s consumer surplus 1,
What s producer surplus 2,
How do you show consumer surplus ...
6
cards
1.2.9
What are indirect taxes 1,
What are subsidies 2,
Name 2 examples of indirect taxes 3
8
cards
1.2.10
Name the 3 reasons why consumers ...
1
cards
1.3.1, 1.3.2 1.3.3 and 1.3.4
What is market failure 1,
What s a positive externality 2,
What s a negative externality 3
12
cards
1.4.1 and 1.4.2
Why do governments intervene into...,
What s a subsidy 2,
Draw a subsidy diagram that shows...
13
cards
3.1.1
Name 2 reasons firms may want to ...,
Name 2 reasons firms may want to ...,
What s the divorce of ownership f...
8
cards
3.1.2
What s organic growth 1,
What s backward intergration 2,
What s forward integration 3
14
cards
3.1.3
What s a demerger 1,
Name 2 reasons for demergers 2,
Name an impact of demergers on bu...
5
cards
3.2.1
What is profit maximisaton 1,
What s revenue maximisation 2,
What s sales maximisation 3
10
cards
3.3.1
Formula for total revenue 1,
Formula for average revenue 2,
What s marginal revenue 3
4
cards
3.3.2
Formula for total cost 1,
Formula for total variable cost 2,
Formula for average variable cost 3
7
cards
3.3.3
What s eos 1,
What s diseconomies of scale 2,
Where is the minimum efficient sc...
7
cards
3.3.4
What s the condition for profit m...,
What s the definition of normal p...,
What s super normal profit 3
8
cards
3.4.1
What s allocative efficiency 1,
What s productive efficiency 2,
What s dynamic efficiency 3
7
cards
3.4.2
Name 5 of the 7 characteristics o...,
What does homogeneous mean 2,
What does it mean to be a price t...
11
cards
3.4.3
Name 4 of the 6 characteristics o...,
Label a monopolistic diagram for ...,
Label a monopolistic diagram for ...
3
cards
3.4.4
Name 6 of the 9 characteristics o...,
In an oligopoly why might firms b...,
What s the definition of a high c...
13
cards
3.4.5
Name 3 of the 5 characteristics f...,
What s the condition for profit t...,
Draw a monopoly diagram 3
10
cards
3.4.6
What s a monopsony 1,
Name 2 cons of monopsonies 2,
Name 2 pros of monopsonies 3
4
cards
3.4.7
What is contestabilty 1,
What are initial costs 2,
What are sunk costs 3
9
cards
3.5.1
What s demand for labour 1,
Name 2 factors that can affect de...,
What type of relationship do dema...
14
cards
3.5.2
What s supply for labour 1,
Name 2 reasons why supply for lab...,
When comparing industries whereby...
10
cards
3.5.3
Draw a graph that shows the labou...,
Name 2 current labour market issue 2,
Name 3 ways the government can in...
10
cards
3.6.1
What s the main method of governm...,
What s a way for governments to r...,
Name a way the government can reg...
12
cards
3.6.2
What s the impact of government i...,
What s the impact of government i...,
What s the impact of government i...
7
cards
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Micro Economics - 2.0
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