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Economics A Level
Micro - Paper 1
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Toby Landes (GRK7)
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Business growth
Economics A Level > Micro - Paper 1
29 cards
PMT Theme 1
Economics A Level > Micro - Paper 1
84 cards
PMT Theme 3
Economics A Level > Micro - Paper 1
82 cards
THEME 3 SUMMARY
Economics A Level > Micro - Paper 1
56 cards
MES
Economics A Level > Micro - Paper 1
43 cards
Nudge Policies
Economics A Level > Micro - Paper 1
24 cards
Behavioural Econ w/Biases
Economics A Level > Micro - Paper 1
11 cards
Behavioural Econ
Economics A Level > Micro - Paper 1
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Imperfect Information w/Decision Making
Economics A Level > Micro - Paper 1
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Utility Theory
Economics A Level > Micro - Paper 1
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CBA (Cost Benefit Analysis)
Economics A Level > Micro - Paper 1
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Tech Changes
Economics A Level > Micro - Paper 1
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Nationalisation
Economics A Level > Micro - Paper 1
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Deregulation
Economics A Level > Micro - Paper 1
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Privatisation
Economics A Level > Micro - Paper 1
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Competition Policies - Monopoly Regulation
Economics A Level > Micro - Paper 1
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Competition Policies - Aims, Interventions, Bodies
Economics A Level > Micro - Paper 1
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Contestable Markets
Economics A Level > Micro - Paper 1
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Oligopoly Behaviour
Economics A Level > Micro - Paper 1
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Oligopoly - Game Theory
Economics A Level > Micro - Paper 1
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Oligopoly - Kinked Demand Curve
Economics A Level > Micro - Paper 1
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Concentration Ratios
Economics A Level > Micro - Paper 1
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Monopolistic Competition
Economics A Level > Micro - Paper 1
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Competitive Markets
Economics A Level > Micro - Paper 1
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Pros, Cons of Monopoly
Economics A Level > Micro - Paper 1
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Natural Monopoly
Economics A Level > Micro - Paper 1
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Price Discrimination
Economics A Level > Micro - Paper 1
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Monopoly Deadweight Welfare Loss
Economics A Level > Micro - Paper 1
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Monopoly
Economics A Level > Micro - Paper 1
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Shutdown Condition
Economics A Level > Micro - Paper 1
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perfect competition
Economics A Level > Micro - Paper 1
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Business Efficiency In Depth
Economics A Level > Micro - Paper 1
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Business Efficiency
Economics A Level > Micro - Paper 1
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Barriers to Entry/Exit
Economics A Level > Micro - Paper 1
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Objectives of Firms
Economics A Level > Micro - Paper 1
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Types of Profit
Economics A Level > Micro - Paper 1
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Revenue
Economics A Level > Micro - Paper 1
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(Dis)Economies of Scale
Economics A Level > Micro - Paper 1
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LRAC
Economics A Level > Micro - Paper 1
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Total Cost Curves
Economics A Level > Micro - Paper 1
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Marginal/Average Cost Curves
Economics A Level > Micro - Paper 1
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Fixed/Variable Costs
Economics A Level > Micro - Paper 1
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Law of Diminishing Returns
Economics A Level > Micro - Paper 1
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Micro Formulae
Economics A Level > Micro - Paper 1
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Property w/market failure
Economics A Level > Micro - Paper 1
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Info Provision for market failure
Economics A Level > Micro - Paper 1
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Price Controls w/market failure
Economics A Level > Micro - Paper 1
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State/Direct Provision for solving market failure
Economics A Level > Micro - Paper 1
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Tradable Pollution permits (Cap & trade)
Economics A Level > Micro - Paper 1
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Regulation w/market failure
Economics A Level > Micro - Paper 1
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Subsidy w/Market Failure
Economics A Level > Micro - Paper 1
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Indirect Tax w/market failure
Economics A Level > Micro - Paper 1
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Gov Failure
Economics A Level > Micro - Paper 1
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Common Access Resources (Tragedy of the Commons)
Economics A Level > Micro - Paper 1
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Public Goods
Economics A Level > Micro - Paper 1
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Merit/Demerit Goods
Economics A Level > Micro - Paper 1
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positive externalities
Economics A Level > Micro - Paper 1
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Negative Externalities
Economics A Level > Micro - Paper 1
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Types of Market Failure
Economics A Level > Micro - Paper 1
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Maximum Price (Price Ceiling)
Economics A Level > Micro - Paper 1
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Minimum Price (Price Floor)
Economics A Level > Micro - Paper 1
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Elasticity Along Demand Curve
Economics A Level > Micro - Paper 1
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Positive + Normative Statements
Economics A Level > Micro - Paper 1
22 cards
Free Market + Market Forces
Economics A Level > Micro - Paper 1
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Allocative Efficiency
Economics A Level > Micro - Paper 1
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Subsidy
Economics A Level > Micro - Paper 1
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Indirect tax + elasticity
Economics A Level > Micro - Paper 1
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Indirect Tax
Economics A Level > Micro - Paper 1
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Business use + Limitations for Elasticities
Economics A Level > Micro - Paper 1
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YED
Economics A Level > Micro - Paper 1
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XED
Economics A Level > Micro - Paper 1
21 cards
PES
Economics A Level > Micro - Paper 1
11 cards
PED + Revenue
Economics A Level > Micro - Paper 1
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PED
Economics A Level > Micro - Paper 1
20 cards
Interrelated Markets
Economics A Level > Micro - Paper 1
6 cards
Consumer + Producer Surplus
Economics A Level > Micro - Paper 1
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Consumer + Producer Surplus
Economics A Level > Micro - Paper 1
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Price Mechanism + 4 Functions
Economics A Level > Micro - Paper 1
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Micro Econ Shifts
Economics A Level > Micro - Paper 1
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Market equilibrium + Disequilibrium
Economics A Level > Micro - Paper 1
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Supply + Supply Curve
Economics A Level > Micro - Paper 1
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Demand + Demand Curve
Economics A Level > Micro - Paper 1
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Specialisation & Division of Labour
Economics A Level > Micro - Paper 1
18 cards
PPF
Economics A Level > Micro - Paper 1
26 cards
Scarcity Choice + Opportunity Cost
Economics A Level > Micro - Paper 1
13 cards