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

Decks in this class (21)

1.1 nature of economics
What are the two factors that det...,
What are scarce resources,
What is the economic problem
41  cards
1.2 how markets work
What is economic welfare,
What are one of the key assumptio...,
What does rational mean in an eco...
35  cards
1.3 market failure
What is meant by the efficient al...,
What are the three sources of mar...,
What are the roles of markets
45  cards
1.4 government intervention in markets
What are some ways in which the g...,
What is the purpose of indirect t...,
How would firms respond to indire...
21  cards
2.1 measures of economic performance
1  cards
2.2 aggregate demand (AD)
What is aggregate demand,
What is the equation of aggregate...,
How do you calculate net exports
57  cards
2.3 aggregate supply
What is aggregate supply,
Why does the sras curve slope upw...,
How does ad affect the as curve
13  cards
2.4 national income
What is an injection,
What is a leakage,
What are some examples of withdra...
14  cards
2.5 economic growth
What are the causes of economic g...,
How can an increase in land natur...,
How can a change in labour affect...
8  cards
2.6 macroeconomic objective and policies
What are the four key macroeconom...
1  cards
3.4 Market Structures
perfect competition, monopolistic competition, oligopolies, monopolies and monopsonies
53  cards
4.1 International Economics
What is globalisation,
What is the impact of globalisati...,
What is the impact of globalisati...
19  cards
4.2 Poverty And Inequality
What is absolute poverty,
What is relative poverty,
What is the official poverty line
7  cards
4.3 Emerging And Developing Economies
0  cards
4.4 Thr Financial Sector
0  cards
4.5 Role Of The State In The Macroeconomy
0  cards
3.6 Government Intervention
0  cards
3.5 Labour Market
0  cards
3.3 Revenue, Cost And Profits
0  cards
3.2 Business Objectives
0  cards
3.1 Business Growth
0  cards

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economics

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