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Fatima Aissaoui
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Decks in this class (21)
CH1 Economics as a social science
What is economics generally clasi...,
What method does economics use as...,
How does the scientific method work
12
cards
CH2 Economic data
What are the 2 reasons why econom...,
What is one problem with using mo...,
What are nominal values
6
cards
CH3 The economic problem
What do economists say about reso...,
What does scarcity mean for the e...,
What are resources which are scar...
13
cards
CH4 Production Possibility Frontiers
What does the production possibil...,
Can an economy produce at any poi...,
When might the ppf be able to mov...
7
cards
CH5 Specialisation and the division of labour
What does specialisation and divi...,
What are the 3 sectors the econom...,
Why do markets exist
38
cards
CH6 Types of economy
What is the function of an econom...,
What are the 3 dimensions that th...,
What is an economic system
32
cards
CH7 Rational decision making
What does neoclassical economic t...,
What are consumers workers firms ...,
In neoclassical economic theory e...
14
cards
CH8 Demand
What is demand,
When is there a movement along th...,
When is there an extension of demand
20
cards
CH9 Price elasticity of demand
What is price elasticity of demand,
The quantity demanded by a good i...,
What does income elasticity of de...
24
cards
CH10 Income and cross elasticities
What does income elasticity of de...,
An increase in income will lead t...,
What is the formula for measuring...
22
cards
CH11 Supply
What is supply,
What happens to supply if prices ...,
What will a fall in price lead to...
24
cards
CH12 Price determination
Where is the equilibrium or marke...,
What will changes in demand and s...,
What will a change in demand lead to
7
cards
CH13 The price mechanism
What does the price mechanism in ...,
What are the 3 important function...,
Explain a bit about the rationing...
8
cards
CH14 Indirect taxes and subsidies
Indirect taxes can be either what,
What is an indirect tax,
What are the 2 major indirect tax...
17
cards
CH15 Alternative views of consumer behaviour
What do some economists argue abo...,
What is the main thing behavioura...,
What are the 3 reasons why accord...
3
cards
CH16 Types of market failure
When does market failure occur,
What do sources of market failure...,
In some cases what are the two wa...
9
cards
CH17 Externalities
When are externalities created,
The greater the externality the what,
When does market failure occur
24
cards
CH18 Public goods
What is a private good,
What are public goods,
What is one reason hint to do wit...
8
cards
CH19 Information gaps
In a perfect market what do buyer...,
When do information gaps also occ...,
With information failure describe...
15
cards
CH20 Government intervention in markets
What are the 8 different ways in ...,
When will total welfare be increased,
Using the example of firms emitti...
20
cards
CH21 Government failure
What are the different factors fr...,
When does government failure occur,
What is a problem with imposing a...
6
cards
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A-level Econ Theme 1
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