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

Decks in this class (14)

Chapter 5-6 Externalities
Real life examples of negative co...,
Define demerit good,
Define negative positive consumpt...
25  cards
Chapter 1-4 D&S, PED, Price ceiling stuff
Define allocation of resources,
Define demand,
Define free market
24  cards
Chapter 8-9, useless chapters, ADAS stuff
Define gross domestic product gdp,
Define gross national income gni,
Define national gross domestic pr...
6  cards
Chapter 10-11, unemployment, inflation, economic growth
Define unemployment,
Define labour force,
How to calculate unemployment rate
18  cards
Chapter 13 macroeconomic policies
Define demand side policy,
Define supply side policy,
Roles of central bank have 4
15  cards
Chapter 18 Sustainable Development
Define sustainable development,
List the goals of sustainable dev...,
Define economic development
17  cards
Chapter 19 Barriers to Economic growth and development
Construct poverty cycle,
Explain economic inequality as an...,
Explain the limited access to inf...
5  cards
Chapter 14 International Trade
What will happen when the product...,
Using an international trade diag...,
Define quota rent
14  cards
Chapter 15 International Trade - Trade protection arguments
List all trade protection argumen...,
Define,
Define
12  cards
Chapter 16 Exchange rate
Define exchange rate,
Floating exchange rate,
Appreciation
11  cards
Chapter 20 Strategies to promote economic growth and economic development
Consequences of import substitution,
Possible disadvantages of export ...,
Typical policies for export promo...
7  cards
Chapter 12 Inequality and Poverty
Define equity,
What is a quintile a decile and a...,
What is the effect of higher shar...
13  cards
Chapter 18 Economic Development
What does a health indicator measure,
What does an eduation indicatior ...,
Economic ineqaulity
10  cards
Convex and concave lens
Convex real inverted diminished,
Convex real inverted the same size,
Convex real inverted magnified
7  cards

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econ

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