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By:
Ed Jackson
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Decks in this class (22)
1 The Basic Economic Problem
What is the economic problem,
What are economic goods,
What are free goods
15
cards
2.1 Microeconomics and Macroeconomics
Define microeconomics,
Define macroeconomics,
Describe the difference between m...
9
cards
2.2 Economic systems
What government policies are invo...,
What are the three main economic ...,
What three main questions define ...
7
cards
2.3, 2.4 Demand & Supply
How does a change in price affect...,
How do changes to the conditions ...,
Give examples of conditions of de...
14
cards
2.5, 2.6, 2.7, 2.8 Price Determination
When is a market in equilibrium,
Draw a graph showing a market in ...,
Define excess supply
12
cards
2.9, 2.10, 2.11 Markets
What are the three types of economy,
What are the characteristics of a...,
What are the advantages of a mark...
22
cards
3.1 Money & Banking
What are the four functions of money,
What are the six characteristics ...,
What are the four main roles of c...
5
cards
3.2 Households
What three factors affect a house...,
How do changes to income affect s...,
How do changes to interest rates ...
10
cards
3.3 Workers
What wage related factors affect ...,
What non wage related factors aff...,
What factors influence the demand...
14
cards
3.4 Trade Unions
What are the four types of trade ...,
What do trade unions focus their ...,
What factors influence the bargai...
9
cards
3.5 Firms
How are firms classified,
Why do small firms exist,
What are the advantages of small ...
19
cards
3.6 Firms & Production
What factors influence the demand...,
What are the pros of labour inten...,
What are the cons of labour inten...
7
cards
3.7 Firms' Costs, Revenue & Objectives
What are the different types of c...,
What are the different types of r...,
What are the objectives of firms
3
cards
3.8 Market Structure
What are the six characteristics ...,
What are the characteristics of c...,
What are the pros of competitive ...
9
cards
4.1, 4.2 The Role of Government, Macroeconomic Aims
Explain local government interven...,
Explain nation government interve...,
Explain the role of international...
4
cards
4.3, 4.4, 4.5 Fiscal, Monetary & Supply-side Policy
Describe the government budget,
What are the different reasons fo...,
What are the reasons for governme...
18
cards
4.6 Economic Growth
How is gdp caluclated,
What is real vs nominal gdp,
What is gdp per capita
12
cards
4.7 Employment & Unemployment
Why are employment patterns changing,
Describe the two ways unemploymen...,
How are the unemployment employme...
10
cards
4.8 Inflation & Deflation
Define inflation,
What are the two main causes of i...,
Define deflation
14
cards
5.1, 5.2, 5.3, 5.4 Living Standards, Poverty, Population & Differences
How are living standards measured,
Explain the human development ind...,
List reasons for differences in l...
14
cards
6.1, 6.2 International Specialisation & Globalisation
What two main factors allow a nat...,
What are the pros of national spe...,
What are the cons of national spe...
10
cards
6.3 Foreign Exchange Rates
Explain floating exchange rates,
Explain fixed exchange rates,
What are the advantages of a floa...
9
cards
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igcse economics
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