Econ Micro Flashcards

Decks in this Class (16):

• 1 The Foundations Of Economics

  1: The foundations of economics

  Sample Cards:

  what is scarcity,

  what is economics,

  what does scarcity lead to
  42 Cards
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• 2 Competitive Markets Demand And Supply

  2: Competitive markets: demand and supply

  Sample Cards:

  what was the original nature of markets,

  what is the evolved definition of a mark,

  what are the two different markets and w
  44 Cards
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• 3 Elasticities

  3: Elasticities

  Sample Cards:

  what is elasticity,

  what is price elasticity of demand ped,

  what does it mean to be price elastic in
  71 Cards
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• 4 Government Intervention

  4: Government Intervention

  Sample Cards:

  what are indirect taxes,

  what are the two types of indirect taxes,

  what are direct taxes
  76 Cards
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• 5 Market Failure Externalities

  5: Market failure (externalities)

  Sample Cards:

  define market failure,

  define externalities,

  what is a positive negative externality
  53 Cards
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• 5 Market Failure Lack Of Public Goods

  5: Market failure (lack of public goods)

  Sample Cards:

  define a private good,

  define a public good,

  example of a public good
  31 Cards
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• 6 The Theory Of The Firm I Production Co

  6: The theory of the firm I: production, costs, revenues and profit.

  Sample Cards:

  differentiate between the short run and,

  what is the total product tp,

  what is the marginal product mp how is i
  65 Cards
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• 7 The Theory Of The Firm Ii Market Struc

  7: The theory of the firm II: Market structures

  Sample Cards:

  define market structure what are the fou,

  what assumptions is the model of perfect,

  examples of perfectly competitive market
  63 Cards
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• 8 The Level Of Overall Economic Activity

  8: The level of overall economic activity

  Sample Cards:

  what does the circular flow diagram show,

  describe the circular flow model,

  what are types of leakages and injection
  38 Cards
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• 9 Aggregate Demand And Aggregate Supply

  9: Aggregate demand and aggregate supply

  Sample Cards:

  definine aggregate demand,

  what does the ad curve show,

  why does the ad curve have a negative sl
  48 Cards
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• 10 Macroeconomic Objectives I Low Unempl

  10: Macroeconomic objectives I: Low unemployment, low and stable rate of inflation

  Sample Cards:

  define unemployment,

  what is underemployment,

  what is the labour force
  54 Cards
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• 11 Macroeconomic Objectives Ii Economic

  11: Macroeconomic objectives II: Economic growth and equity in the distribution of income

  Sample Cards:

  define economic growth,

  how can we calculate the in real gdp per,

  what factors lead to movements from a po
  29 Cards
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• 12 Demand Side And Supply Side Policies

  12: Demand-side and supply-side policies

  Sample Cards:

  define demand side policies,

  what is discretionary policy what are th,

  what are stabilisation policies
  67 Cards
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• 13 International Trade

  13: International Trade

  Sample Cards:

  what is trade what are exports what are,

  what is specialisation,

  benefits of trade
  36 Cards
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• 14 Exchange Rates And The Balance Of Pay

  14: Exchange rates and the balance of payments

  Sample Cards:

  what is a freely floating exchange rate,

  what does the market graph for an econom,

  what causes the value of a currency to a
  71 Cards
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• Economic Integration And Terms Of Trade

  Economic Integration and terms of trade

  Sample Cards:

  what is economic integration,

  what is a preferential trade agreement p,

  what is the difference between bilateral
  45 Cards
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