This class was created by Brainscape user Frank Fermor. Visit their profile to learn more about the creator.
By:
Frank Fermor
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Decks in this class (15)
Nature of Economics!
What does ceteris paribus mean 1,
What are positive statements 2,
What are normative statements 3
32
cards
How Markets Work + Government Intervention!
What s rational decision making f...,
What s utility 2,
What s demand 3
51
cards
Business Growth!
Why do firms want to grow 1,
What is the separation of control 2,
What s the principle agent problem 3
19
cards
Business Objectives!
What s production theory in the s...,
What s production theory in the l...,
What are the 6 internal economies...
21
cards
Revenues, costs and profits!
What s the formula for total reve...,
What s marginal revenue 2,
What s average revenue 3
19
cards
Market structures!
What are the characteristics for ...,
What are the characteristics of m...,
What are the characteristics of a...
44
cards
Labour Markets!
What are the two types of labour ...,
How do you answer short and long ...,
What are the characteristics of a...
25
cards
Market Failures
What s a subsidy 1,
Why are subsidies used 2,
What s an indirect tax 3
9
cards
Types of Growth
What are the two types of growth 1,
What are the pros of internal gro...,
What are the cons of internal gro...
12
cards
Efficiency
What s allocative efficiency 1,
What s the formula for allocative...,
What s productive efficiency 3
6
cards
Costs, Revenue and Profit
What s the short run 1,
What s the long run 2,
What are fixed costs 3
21
cards
Perfect and Monopolistic Competition
What are the characteristics of p...,
What are the characteristics of m...
2
cards
Oligopoly
What are the characteristics of a...,
What s the application paragraph ...,
What s the application for the di...
15
cards
Price Discrimination
What s price discrimination 1,
What are the four conditions of p...,
What s first degree price discrim...
8
cards
Market Failure
What s market failure 1,
What are negative externalities i...,
What are negative externalities i...
8
cards
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Microeconomics
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