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a level economics

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

By: M O
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Decks in this class (16)

Microeconomics 1. Economic methodology and the economic problem
What is a positive statement,
What is a normative statement,
What is economic methodology
35  cards
2. Individual economic decision making
What is rational behavior,
What is utility,
What is marginal utility
25  cards
3. Price determination in a competitive market
What is a market,
What is demand,
What is supply
45  cards
4. Production, costs and revenue
What is production,
What are the factors of production,
What is a productivity gap
69  cards
5. Perfect competition, imperfectly competitive markets and monopoly
What is a market structure,
What are some important features ...,
What are entry barriers
43  cards
6. The labour market
What is derived demand,
What is the marginal physical pro...,
What is the marginal revenue prod...
19  cards
7. The Distribution of income and wealth: poverty and inequality
What is distribution of income,
What is distribution of wealth,
What is an income
24  cards
8. The market mechanism, market failure and government intervention in markets
What is signalling function of pr...,
What is the incentive function of...,
What is the rationing function of...
61  cards
Macroeconomics 9. The measurement of macroeconomic performance
What is a policy objective,
What is short run economic growth,
What is long run economic growth
57  cards
10. How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts
0  cards
11. Economic performance
0  cards
12. Financial markets and monetary policy
0  cards
13. Fiscal policy and supply-side policies
0  cards
14. The international economy: globalisation and international trade
0  cards
15. Exchange rate systems and economic growth and development
0  cards
Economics Formulas
How do you find out price elastic...,
How do you find out income elasti...,
How do you find out cross elastic...
17  cards

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a level economics

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