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A-Level AQA Economics

This class was created by Brainscape user Muneeb Ur Rehman. Visit their profile to learn more about the creator.

By: Muneeb Ur Rehman
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Decks in this class (20)

MicroEconomics
0  cards
1.1|1 Types Of Economies
What are the three types of economy,
What is a free market economy,
What is a mixed economy
6  cards
1.1|2 Demand
What is demand,
What is individual demand,
What is market demand
14  cards
1.1|3 Supply
What is supply,
How does cost of production affec...,
What are the factors that affect ...
5  cards
1.1|4 Demand And Supply: Equilibrium
What is market equilibrium,
What is allocatively efficiency,
What is total welfare
5  cards
1.1|5 Functions of the Price Mechanism
What is the price mechanism,
What are the main three functions...,
What does signalling in the price...
11  cards
MacroEconomics
0  cards
2.1|1 Positive And Normative Statements
What is a positive statement,
What is the special quality of a ...,
What is a normative statement
5  cards
2.1|2 The Economic Problem
What are the factors of production,
What is land in the fop,
What is labour in the fop
9  cards
2.1|3 Opportunity Cost
What is opportunity cost,
What are economic goods,
What are free goods
3  cards
2.1|4 Production Possibility Frontiers
What is a p,
What is an example of ppf seen co...,
What are consumer goods
16  cards
2.1|5 Specialisation And Division Of Labour
What is specialisation,
What is division of labour,
What is production
6  cards
2.1|6 The Circular Flow Of Income
What is the circular flow of inco...,
What does a closed economy look like,
What does an open economy look like
4  cards
2.1|7 Income And Wealth
What is income,
What is wealth,
What is the flow concept
6  cards
2.1|8 The Multiplier Effect
What is the multiplier effect,
What does a positive multiplier mean,
What does a negative multiplier mean
11  cards
2.1|9 UK Macroeconomic Objectives
What are the main 4 macroeconomic...,
What are the 3 other macroeconomi...,
What is 1 high economic growth
13  cards
2.1|10 Unemployment
How is employment defined,
How is unemployment defined,
How is economically inactive defined
13  cards
2.1|11 Inflation
What are the two measure of infla...,
What is the main difference betwe...,
How to calculate and index number
6  cards
2.1|12 Trade
What is the balance of payments,
What is the bop made of,
What is foreign direct investment
13  cards

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A-Level AQA Economics

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