Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

economics theme 1

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

By: Ines Pereira
Start Studying

Decks in this class (12)

1.1.1 economics as a social science
Social science def,
Why are economic models hard to test,
Ceteris paribus def
3  cards
1.1.2 positive and normative statements
Positive statement def,
Normative statement def
2  cards
1.1.3 the economic problem
What is the economic problem,
Opportunity cost def,
Renewable resource def
5  cards
1.1.4 production possibility frontiers
What does the ppf curve show,
What does a movement along the cu...,
What does a shift of the curve in...
5  cards
1.1.5 specialisation and division of labour
Specialisation def,
Division of labour def,
What did adam smith believe
8  cards
1.1.6 free market economics, mixed economy and command economy
Free market economy def,
Which economist believe in free m...,
Free market economies adv
10  cards
1.2.1 rational decision making
What do consumers aim to maximise,
What do firms aim to maximise,
What do governments aim to maximise
3  cards
1.2.2 demand
Demand def,
Quantity demanded def,
What causes a movement along the ...
7  cards
1.2.3 price, income and cross elasticities of demand
What does yed show,
Yed formula,
What does a negative value show
16  cards
1.3.1 types of market failure
Definition of market failure,
What are the 3 types of market fa...,
Why do information gaps cause mar...
7  cards
1.3.2 externalities
Definition of an externality,
Definition of a positive externality,
Definition of a negative externality
5  cards
1.3.3 public goods
Definition of a public good,
Definition of a pure public good,
Definition of a quasi public good
5  cards

More about
economics theme 1

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Ines Pereira's Economics Theme 1 flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Economics Theme 1
  • 8 decks
  • 306 flashcards
  • 2 learners
Decks: 11 Nature Of Economics, 12 How Markets Work 122 Demand 123 Price, 124 Supply 125 Elasticity Of Supply, And more!
202: Theme 1
  • 14 decks
  • 543 flashcards
  • 1 learners
Decks: Synaptic Transmission And Neural Plastic, Topography Of The Brain, Neurons Neural Tissues, And more!
103 theme 4
  • 20 decks
  • 605 flashcards
  • 1 learners
Decks: Mechanisms Of Breathing, Measuring Lung Function, Gas Exchange And Transport, And more!
Economics
  • 11 decks
  • 440 flashcards
  • 4487 learners
Decks: Savings, Everfi Module 1 9, Everfi Practice, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions