This class was created by Brainscape user Will Odgers. Visit their profile to learn more about the creator.
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Will Odgers
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Decks in this class (13)
1.1 - Nature of Economics
What are the 3 questions of the e...,
What decisions do each economic a...,
What is the definition of opportu...
18
cards
1.2 - How Markets Work
What is the income effect,
What is the substitution effect,
What happens to demand for normal...
34
cards
1.3 - Market Failure
When are resources misallocated,
What is partial market failure,
What don t buyers and producers c...
5
cards
1.4 - Government Intervention
What type of tax creates a non pa...,
What are disadvantages of subsidi...,
What happens if a new maximum pri...
12
cards
2.1 - Measures of Economic Performance
What is the definition of economi...,
What is the formula for value and...,
What is national income
35
cards
2.2 - Aggregate Demand
What are movements along the ad c...,
What is the savings ratio,
What are wealth effects
8
cards
2.3 - Aggregate Supply
How can exchange rates shift the ...,
Why does the keynesian lras curve...,
3
cards
2.4 - National Income
How are each of the fop paid for,
What is the multiplier ratio,
What does the size of the multipl...
14
cards
2.5 - Economic Growth
What causes export led growth,
What is the difference between th...,
Why is the output gap difficult t...
5
cards
2.6 - Macroeconomic Objectives & Policies
What are the macroeconomic object...,
What do higher interest rates do ...,
What are the impacts of an intere...
12
cards
3.1 - Business Growth
Why may an owner choose to keep h...,
Explain the divorce of ownership ...,
Pros and cons of organic growth c...
12
cards
3.2 - Business Objectives
What are the 4 business objectives,
How can profit be used 3,
What is the profit max point
10
cards
3.3 - Revenue, Costs & Profits
What is price equal to,
What can you rewrite the average ...,
What point on the ar curve is tr ...
11
cards
More about
a-level economics
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Looking for something else?
A Level Economics
- 39 decks
- 787 flashcards
- 70 learners
Decks:
10 Economic Efficiency, 11 Costs And Benefits, 12 Cost Benefit Analysis, And more!
