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Oli Plummer
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Decks in this class (25)
Demand And Supply In Product Markets
What is the goal of the consumer,
What is the goal of the producer,
Why is the demand curve downwards...
9
cards
Producer And Consumer Surplus
What is society surplus,
When does welfare loss occur
2
cards
Elasticity
How do you calculate percentage c...,
Does ped stay the same along a de...,
Ped formula
16
cards
Government Intervention And Failure
Why do governments intervene in m...,
What are the types of government ...,
Which kind of good will governmen...
19
cards
Externalities
How do you label free market and ...,
What is an externality,
Why do externalities cause market...
9
cards
Policies To Address Market Failure
Negative consumption and producti...,
Evaluation of indirect tax,
Positive consumption externality ...
6
cards
Merit And Demerit Goods
What is a merit good,
Why are merit goods underconsumed,
What is a demerit good
8
cards
Information Failure
What is information asymmetry,
What are examples of information ...,
What is the principal agent problem
4
cards
Goverment Intervention And Failure
What is government failure,
Impacts of government intervention,
What can occur with government in...
5
cards
Labour Markets
Why does labour demand slope down...,
What factors shift labour demand ...,
What is the mrp formula
10
cards
Labour Market Issues
Why do workers join trade unions,
How impactful are trade unions,
What did the 2016 trade union act...
9
cards
Costs, Revenues And Profit
What are the main assumptions beh...,
Explain the law of diminishing re...,
What are eos
11
cards
Growth Of Firms
How and why do firms grow,
How do firms grow internally,
How do firms grow externally
8
cards
Efficiency
What are the types of efficiency,
When does allocative efficiency o...,
What is productive efficiency
6
cards
Perfect Competition
What is pc,
What is the relationship between ...,
Evaluating perfect competion
4
cards
Monopoly
When does monopoly occur,
What underpins the monopolists ab...,
What are the types of barriers to...
10
cards
Monopolistic Competition
How does monopolistic competition...,
What assumptions underpin monopol...,
How do you draw the monopolistic ...
8
cards
Oligopoly
What are the main characteristics...,
What are the implications of inte...,
What do concentration ratios desc...
13
cards
Competition Policy
What are the two key principles o...,
What are the three main types of ...,
What is the problem with greater ...
9
cards
Privatisation
What are the aims of privatisation,
What are the fiscal benefits of p...,
What is privatisation
4
cards
Scarcity, Choice And Opportunity Cost
What is implied by existence of s...,
What is opportunity cost,
What s the difference between an ...
3
cards
PPFs
Why is the ppf shape concave to t...,
What does a movement along the pp...,
What does the ppf tell us about s...
5
cards
public goods
What are the features of public g...,
What is the potential market fail...,
How can governments intervene to ...
3
cards
price volatility
How can price volatility be seen ...,
How can governments intervene in ...
2
cards
absence of property rights
What is the market failure result...,
What are the steps in the coase t...,
What is the tragedy of the commons
3
cards
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micro y13
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