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By:
Y. Laurent
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- flashcards
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Decks in this class (62)
Lesson 1
Real income,
Central bank,
Real value
6
cards
Lesson 2
What 3 things should you always t...,
Benefit of high interest rates,
Demand
11
cards
Lesson 3
What does a contraction on a dema...,
What does an extension on a price...,
What causes a shift in a price de...
13
cards
Lesson 4
What is the basic economic problem,
Positive statement,
Normative statement
8
cards
Lesson 5
Economic goods,
Free goods,
Economic agents
4
cards
Lesson 6
Ppc,
Another word for ppc,
Ppf
9
cards
Lesson 7
Normal good,
Inferior good
2
cards
Lesson 8
If a price to demand graph has 2 ...,
What type of lines do you use for...
2
cards
Lesson 9
The law of supply,
Factors determining supply,
Consumer surplus
8
cards
Lesson 10
Composite demand,
Joint demand is the same as,
Joint complimentary demand
3
cards
Lesson 11
Subsidies,
Tax who does it take money from,
Supply
18
cards
Lesson 12
What happens to supply as the num...,
Where does the supply curve shift...,
Where does the supply curve shift...
7
cards
Lesson 13
Merit good,
Why does an increase in subsidies...
2
cards
Lesson 14
Rationality,
Intro,
Conclusion
9
cards
Lesson 15
Capitalism,
An effective market economy will ...,
Mixed economy
4
cards
Lesson 16
Division of labour,
2 benefits of the division of labour
2
cards
Lesson 17
How does consumer surplus look like,
As price increases consumer surplus,
On the producer surplus graph in ...
12
cards
Lesson 18
Market failure,
Demerit good,
Demerit good example
8
cards
Lesson 19
Sub optimal allocation of resources,
Marginal social cost,
Marginal social benefit
3
cards
Lesson 20
The free rider problem,
Quasi public good,
Externalities
8
cards
Lesson 21
Equilibrium,
Draw market equilibrium graph wit...,
Draw a positive externality graph...
4
cards
Lesson 22
Nothing
1
cards
Lesson 23
N a
1
cards
Lesson 24
Draw an excess supply graph,
Draw an excess demand graph
2
cards
Lesson 25
Show a diagram for movement along...,
Gov obj,
Firms obj
4
cards
Lesson 26
Non rivalrous,
Non excludable,
How does introducing a minimum wa...
8
cards
Lesson 27
Nothing,
2
cards
Lesson 28
Nothing,
3
cards
Lesson 29
Ped stands for,
Elasticity,
Ped equation
14
cards
Lesson 30
Demerit goods are overconsumed un...,
Merit goods are overconsumed unde...,
Advantages of a market economy
4
cards
Lesson 31
If a product requires a large pro...,
Addiction makes products inelasti...,
Yed meaning
13
cards
Lesson 32
Xed,
Xed measures,
Complements
10
cards
Lesson 33
Revenue,
What makes a good inelastic,
Draw a graph showing that inelast...
4
cards
Lesson 34
Nothing
1
cards
Lesson 35
Pes formula,
Perfectly inelastic supply,
Perfectly elastic supply
9
cards
Lesson 36
Nothing,
2
cards
Lesson 37
Microeconomics,
Macroeconomics,
4 macro objectives of the government
10
cards
Lesson 38
Does full employment mean that ev...,
Claimant count,
Ilo measure
10
cards
Lesson 39
Of unemployed equation,
Claimant count check drawback
2
cards
Lesson 40
Nothing,
2
cards
Lesson 41
Moral hazard,
The circular flow of income,
Circular flow of income diagram
12
cards
Lesson 42
Inflation,
Deflation,
Disinflation
14
cards
Lesson 43
N a,
2
cards
Lesson 44
Superior good,
Explain why money is used as a me...,
Derived demand
4
cards
Lesson 45
Who sets the inflation target,
Which organisation uses interest ...,
What is said by inflation being a...
7
cards
Lesson 46
Keynesian school,
Monetarist school,
Neoclassical view
5
cards
Lesson 47
Cost push inflation,
What costs could
2
cards
Lesson 48
Fiscal policy,
Expansionary fiscal policy,
Contractionary fiscal policy
11
cards
Lesson 49
Cyclical defecit,
Structural defecit,
National debt
11
cards
Lesson 50
Short run economic growth,
Long run economic growth,
Short run long run economic growt...
3
cards
Lesson 51
National debt,
Automatic stabilisers,
Cyclical budget
4
cards
Lesson 52
Capital government expenditures,
Current government expenditure,
Direct tax include 2 examples
15
cards
Lesson 53
Gross national income is also kno...,
Gni calculation,
Short run economic growth is indi...
10
cards
Lesson 54
Nothing
1
cards
Lesson 55
Who uses fiscal policy,
Who uses monetary policy,
What does monetary policy do
20
cards
Lesson 56
Monetary policy,
Money supply,
The opportunity cost of holding o...
4
cards
Lesson 57
Marginal efficiency of capital th...,
Revise expansionary monetary policy,
Revise contractionary monetary po...
8
cards
Lesson 58
Development,
Primary sector,
Secondary sector
6
cards
Lesson 59
Visible imports exports,
Invisible imports exports,
Shortened way of saying balance o...
20
cards
Lesson 60
Gni,
Gni measures,
Gni includes net
8
cards
Lesson 61
Supply side policies
1
cards
Lesson 62
N a
1
cards
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economics
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