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Amelia LeesDavis
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Decks in this class (20)
1.1 nature of economics
What are economic goods,
What are free goods,
What is the basic economic problem
54
cards
1.2 how markets work
What is diminishing marginal utility,
What is total utility,
What is marginal utility
86
cards
1.3 market failure
What is market failure,
Why does market failure arise,
Why my market failure occur
28
cards
1.4 government intervention
What are indirect taxes,
What does indirect taxes cause,
What may indirect taxes be used for
49
cards
2.1 measures of economic performance
What are the macroeconomic object...,
What is the benefits from high su...,
What is the benefits from low une...
102
cards
2.2/ 2.3 AS & AD
What is the formula for aggregate...,
What is aggregate demand,
Why is the ad curve a downward sl...
49
cards
2.4 national income
What is meant by the circular flo...,
What is wealth,
What is income
42
cards
2.5 economic growth
What is actual growth,
What is potential growth,
What are causes for changes in ad
30
cards
2.6 macroeconomic objectives and policies
What are the macroeconomic object...,
How is economic growth measured,
How is low unemployment measured
48
cards
3.1 business growth
Why do some firms remain small,
Why would a size of a market caus...,
Why would limited access to finan...
51
cards
3.2 business objectives
What is profit maximisation,
When is profit maximisation more ...,
Why might firms not profit maximise
20
cards
3.3 costs, revenues and profits
Explanation of total product,
Explanation of marginal product,
Explanation of marginal cost
34
cards
3.4 market structures
What are the key tests to a marke...,
What is a monopoly,
What is an ogliopoly
110
cards
3.5 labour market
What does the demand and supply o...,
What is demand for labour,
What is demand for labour derived...
74
cards
3.6 government intervention
Price regulation controlling mono...,
Price regulation controlling mono...,
Price regulation controlling mono...
33
cards
4.1 international economics
What is globalisation,
What are characteristics of globa...,
How does containerisation cause g...
60
cards
4.2 poverty and inequality
What is absolute poverty,
How is absolute poverty measured,
What is relative poverty
36
cards
4.3 emerging and developing economies
What is economic growth,
What is economic development mich...,
What is economic development amar...
137
cards
4.4 the financial sector
What are retail banks,
What are commercial banks,
What are investment banks
39
cards
4.5 role of state in the macroeconomy
What are the types of government ...,
What is capital expenditure,
What is current expenditure
16
cards
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economics
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