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F581 - Markets in Action

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(Micro-economics) Economics Mapa Mental sobre F581 - Markets in Action, creado por Azra Kucukkaramu el 19/04/2013.
Azra Kucukkaramu
Mapa Mental por Azra Kucukkaramu, actualizado hace más de 1 año
Azra Kucukkaramu
Creado por Azra Kucukkaramu hace más de 11 años
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Resumen del Recurso

F581 - Markets in Action
  1. Competitive Markets
    1. Demand
      1. Determinants of demand
        1. Normal goods
          1. Inferior goods
            1. Substitutes
              1. Complements
              2. Movements
                1. Shifts
                2. Supply
                  1. Determinants of supply
                    1. Movements
                      1. Shifts
                      2. Market Equilibrium
                        1. How prices are determined
                        2. Elasticities
                          1. PED
                            1. YED
                              1. XED
                                1. PES
                              2. Managing scarce resources
                                1. The Economic Problem
                                  1. What to produce
                                    1. How to produce
                                      1. For whom to produce
                                      2. Economic resources
                                        1. The factors of production
                                        2. Specialisation
                                          1. Division of labour
                                            1. Exchange
                                            2. The role of markets in allocating scarce resources
                                              1. Opportunity cost
                                                1. Production Possibility Curve (PPC)
                                              2. Market Failure and Government Intervention
                                                1. Types of Efficiency
                                                  1. Allocative
                                                    1. Pareto
                                                      1. Productive
                                                      2. Externalities
                                                        1. Social Costs
                                                          1. Private Costs
                                                            1. External Costs
                                                            2. Social Benefits
                                                              1. Private Benefits
                                                                1. Private Costs
                                                                2. Negative Externalities
                                                                  1. Positive Externalities
                                                                  2. Methods of Government Intervention
                                                                    1. Effectiveness in correcting Market Failure
                                                                    2. Merit and Demerit Goods
                                                                      1. Public, Private and Quasi-Public Goods
                                                                        1. Meanings
                                                                          1. Differences
                                                                            1. Examples
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