IB Economics Flashcards

Decks in this Class (29):

• Demand

  Demand

  Sample Cards:

  price of complement decreases,

  price of substitute increases,

  income increases normal good
  22 Cards
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• Supply

  Supply

  Sample Cards:

  theory of supply,

  why is the supply curve upwards sloping,

  what does the increased price act as
  21 Cards
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• Market Equilibrium For Demand And Supply

  Market Equilibrium for Demand and Supply

  Sample Cards:

  price ceiling,

  how does a price ceiling affect market e,

  price floor
  11 Cards
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• Ped

  PED

  Sample Cards:

  elasticity,

  what change leads to what change,

  percentage change price
  29 Cards
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• Pes Yed Xed

  PES, YED, XED

  Sample Cards:

  income elasticity of demand,

  yed equation,

  what type of answer do you get for yed
  30 Cards
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• Tax Incidence

  Tax Incidence

  Sample Cards:

  direct tax,

  how are direct taxes paid to government,

  can direct taxes be adjusted
  55 Cards
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• Subsidies

  Subsidies

  Sample Cards:

  subsidy,

  why might subsidies be implemented,

  deadweight welfare loss
  19 Cards
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• Merit Goods Public Goods Demerit Goods

  Merit Goods, Public Goods, Demerit Goods

  Sample Cards:

  merit goods,

  are merit goods under or over produced b,

  what is the degree of government provisi
  21 Cards
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• Externalities

  Externalities

  Sample Cards:

  externality,

  social optimum,

  msb
  17 Cards
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• Asymmetric Information

  Asymmetric Information

  Sample Cards:

  asymmetric information,

  examples of asymmetric information,

  solutions to asymmetric information
  3 Cards
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• Theory Of The Firm

  Theory of the Firm

  Sample Cards:

  long run average total cost graph,

  what are the five different types of eco,

  managerial economies of scale
  24 Cards
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• Perfect Competition

  Perfect Competition

  Sample Cards:

  short run close down level of output and,

  market characteristics perfect competiti,

  graph connecting supply and demand for p
  6 Cards
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• Monopoly

  Monopoly

  Sample Cards:

  show on the graph break even points clos,

  monopoly,

  assumption monopoly
  10 Cards
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• Price Discrimination

  Price discrimination

  Sample Cards:

  price discrimination,

  examples of price discrimination,

  what are the necessary conditions for pr
  18 Cards
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• Monopolistic Competition

  Monopolistic Competition

  Sample Cards:

  monopolistic competition,

  monopolist competition assumptions,

  how do firms product differentiate
  12 Cards
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• Oligopoly

  Oligopoly

  Sample Cards:

  oligopoly,

  oligopoly assumptions number of firms pr,

  what are the strategies used by monopoli
  15 Cards
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• National Income

  National Income

  Sample Cards:

  gdp equation expenditure method,

  what occurs at market equilibrium,

  standard of living equation
  7 Cards
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• Inflation

  Inflation

  Sample Cards:

  what are the limitations to the consumer,

  when is inflation good,

  inflation
  19 Cards
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• Unemployment

  Unemployment

  Sample Cards:

  unemployment,

  unemployment rate,

  unemployment rate equation
  35 Cards
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• As Ad

  AS/AD

  Sample Cards:

  aggregate demand,

  aggregate supply,

  keynesian vs neoclassical aggregate supp
  17 Cards
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• Tax Systems

  Tax Systems

  Sample Cards:

  proportional tax,

  proportional tax burden,

  regressive tax
  15 Cards
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• Economic Growth

  Economic Growth

  Sample Cards:

  economic growth,

  business cycle,

  accelerator
  5 Cards
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• Equity

  Equity

  Sample Cards:

  what is the big tradeoff in equity,

  equity,

  equality
  5 Cards
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• Macroeconomic Policies

  Macroeconomic Policies

  Sample Cards:

  fiscal policy,

  automatic fiscal policy economic growth,

  automatic fiscal policy recession
  27 Cards
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• Trade Agreements

  Trade Agreements

  Sample Cards:

  world trade organisatoin,

  what are the aims of the wto,

  which functions does the wto perform
  16 Cards
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• Comparative And Absolute Advantage

  Comparative and Absolute Advantage

  Sample Cards:

  what are the benefits of international t,

  absolute advantage,

  comparative advantage
  8 Cards
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• Protectionism

  Protectionism

  Sample Cards:

  arguments for protectionism,

  infant industries,

  dumping
  10 Cards
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• Exchange Rates

  Exchange Rates

  Sample Cards:

  actors in the foreign exchange market,

  foreign exchange market,

  floating exchange rate
  38 Cards
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• Development Economics

  Development Economics

  Sample Cards:

  growth diagram with and without developm,

  poverty cycle diagram,

  dependency ratio
  46 Cards
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