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Yr12 Micro Economics

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

By: Thomas Edgell
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Decks in this class (17)

Economics as a Social Science
What does economics study 1,
What are we always never sure of ...,
What does traditional economic th...
3  cards
Definitions
Social science 1,
Ceteris paribus 2,
The basic economic problem 3
98  cards
Monopolistic Competition
0  cards
Oligopoly
0  cards
Perfect Competition
0  cards
Monopoly
0  cards
Costs, Revenue and Profit
0  cards
Price Determination
What is the equilibrium price 1,
What call do we call a upwards mo...,
What do we call a downwards movem...
7  cards
Cross Price Elasticity of demand (CED)
What is cross price elasticity of...,
What types of goods are xed produ...,
What is the formula for xed 3
6  cards
Price Elasticity of Demand (PED)
What does the acronym pasific sta...,
What are elastic goods 2,
What is the formula for price ela...
5  cards
Income Elasticity of Demand (YED)
What is the formula for income el...,
What is income elasticity of dema...,
What is income often measured in 3
7  cards
Supply
What is supply 1,
What does the acronym pints wc me...,
What is joint supply 3
4  cards
Demand
What is demand 1,
What is effective demand 2,
What is the basic law of demand 3
4  cards
Production Possibility Frontiers (PPF)
What is the production possibilit...
1  cards
The Economic Problem
What is the basic economic problem 1,
Why does the basic economic probl...
2  cards
Economic Data
0  cards
Economic systems
What are the 3 different types of...,
What is a command economy 2,
What is a free market economy 3
11  cards

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Yr12 Micro Economics

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