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Talia Augustidis
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Decks in this class (16)
1: The foundations of economics
What is scarcity,
What is economics,
What does scarcity lead to
42
cards
2: Competitive markets: demand and supply
What was the original nature of m...,
What is the evolved definition of...,
What are the two different market...
44
cards
3: Elasticities
What is elasticity,
What is price elasticity of deman...,
What does it mean to be price ela...
71
cards
4: Government Intervention
What are indirect taxes,
What are the two types of indirec...,
What are direct taxes
76
cards
5: Market failure (externalities)
Define market failure,
Define externalities,
What is a positive negative exter...
53
cards
5: Market failure (lack of public goods)
Define a private good,
Define a public good,
Example of a public good
31
cards
6: The theory of the firm I: production, costs, revenues and profit.
Differentiate between the short r...,
What is the total product tp,
What is the marginal product mp h...
65
cards
7: The theory of the firm II: Market structures
Define market structure what are ...,
What assumptions is the model of ...,
Examples of perfectly competitive...
63
cards
8: The level of overall economic activity
What does the circular flow diagr...,
Describe the circular flow model,
What are types of leakages and in...
38
cards
9: Aggregate demand and aggregate supply
Definine aggregate demand,
What does the ad curve show,
Why does the ad curve have a nega...
48
cards
10: Macroeconomic objectives I: Low unemployment, low and stable rate of inflation
Define unemployment,
What is underemployment,
What is the labour force
54
cards
11: Macroeconomic objectives II: Economic growth and equity in the distribution of income
Define economic growth,
How can we calculate the in real ...,
What factors lead to movements fr...
29
cards
12: Demand-side and supply-side policies
Define demand side policies,
What is discretionary policy what...,
What are stabilisation policies
67
cards
13: International Trade
What is trade what are exports wh...,
What is specialisation,
Benefits of trade
36
cards
14: Exchange rates and the balance of payments
What is a freely floating exchang...,
What does the market graph for an...,
What causes the value of a curren...
71
cards
Economic Integration and terms of trade
What is economic integration,
What is a preferential trade agre...,
What is the difference between bi...
45
cards
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econ micro
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