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economics ib hl

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

By: Raphael Llopart
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Decks in this class (32)

2.1 Demand
What is demand,
Law of demand,
Market demand
15  cards
2.2 Supply
What is supply,
Law of supply,
Market supply
16  cards
2.3 Competitve Markets
What is a market,
What is competitive market equili...,
What is market disequilibrium
11  cards
2.4 Critique Of Maximizing Behaviour Of Consumers And Producers
What is rational consumer choice,
Assumptions of rational consumer ...,
Explain consumer rationality
20  cards
2.5 Elasticities Of Demand
What is ped,
How to calculate ped,
Explain ped changing and the dema...
25  cards
2.6 Elasticity Of Supply
What is ped,
How to calculate pes,
When is pes inelastic and show th...
14  cards
2.7 Role Of Government In Microeconomics
Why do governments intervene into...,
Main forms of government interven...,
What are price controls
18  cards
2.8 Market Failures
What are common pool resources,
What is tragedy of the commons,
What is unsustainable production
14  cards
2.9 Market Failure - Public Goods
What can a public good be,
What is the free rider problem,
Government intervention to correc...
5  cards
2.10 Market Faukure - Asymmetric Infromation
What is asymmetric information,
2 types of asymmetric information,
What is adverse selection
5  cards
2.11 Market Failure - Market Power (theory Of The Firm )
What is perfect competition the c...,
Positives of perfect competition,
Negatives of the perfect competit...
21  cards
3.1 Measuring Economic Activity
0  cards
3.2 Aggregate Demand And Aggregate Supply
0  cards
3.3 Macroeconomic Objectives — Economic Growth
0  cards
3.3 Macroeconomic Objectives — Low Unemplyment
0  cards
3.3 Macroeconomic Objectives — Low And Stable Rate Of Inflation
0  cards
3.3 Macroeconomic Objectives — Sustainable Level Of Governement Debt
0  cards
3.3 Macroeconomic Objectives — Conflict Between Objetives
0  cards
3.4 Economics Of Inequality And Poverty
0  cards
3.5 Demand Side Policy - Monetary Policy
0  cards
3.6 Demand Side Policy - Fiscal Policy
0  cards
3.7 Supply Side Polcies
0  cards
4.1 Benefits Of International Trade
0  cards
4.2 Types Of Trade Protection
0  cards
4.3 Arguments For And Against Trade Control/Protection
0  cards
4.4 Economic Integration
0  cards
4.5 Exchange Rates
0  cards
4.6 Balance Of Payments
0  cards
4.7 Sustainable Developement
0  cards
4.8 Measuring Development
0  cards
4.9 Barriers To Economic Growth/Developement
0  cards
4.10 Economic Growth/Development Strategies
0  cards

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economics ib hl

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