This class was created by Brainscape user Lucas Maniglia Brigagao Perry. Visit their profile to learn more about the creator.
- decks
- flashcards
- learners
Decks in this class (87)
1.1.1 - Economics As A Social Science
What type of science is economics,
What are human interactions,
What does economics study
7
cards
1.1.2 - Positive & Normative Economic Statements
Describe positive statements,
Describe normative statments,
What is the role of value judgements
3
cards
1.1.3 - The Economic Problem
What is the basic economic problem,
How does scarcity have a direct i...,
What is a renewable resource
14
cards
1.1.4 - Production Possibility Frontiers
What does ppf stand for,
What is a ppf,
What is on the axes of a ppf
15
cards
1.1.5 - Specialisation & The Division Of Labour
What is specialisation,
What is the division of labour,
What does specialisation the divi...
12
cards
1.1.6 - Free Market, Mixed & Command Economies
What does the economic system aim...,
What is a free market economy,
What is a command economy
12
cards
1.2.1 - Rational Decision Making
What do consumers aim to maximise,
What is utility,
What do firms aim to maximise
4
cards
1.2.2 - Demand
What is the law of demand,
What is demand
2
cards
1.2.3 - Price, Income & Cross Elasticities Of Demand
0
cards
1.2.4 - Supply
0
cards
1.2.5 - Elasticity Of Supply
1
cards
1.2.6 - Price Determination
0
cards
1.2.7 - Price Mechanism
What is the price mechanism 2 points,
What are the functions of the pri...,
Describe the rationing function o...
8
cards
1.2.8 - Consumer & Producer Surplus
What is consumer surplus,
What,
What is society surplus
5
cards
1.2.9 - Indirect Taxes & Subsidies
0
cards
1.2.10 - Alternative Views Of Consumer Behaviour
0
cards
1.3.1 - Types Of Market Failure
What are the scarce resources,
What is market failure 4 points,
When does market failure occur
4
cards
1.3.2 - Externalities
When do externalities occur 2 points,
What are external costs,
What are external benefits
19
cards
1.3.3 - Public Goods
What are private goods,
What are public goods,
What are the 2 features of public...
6
cards
1.3.4 - Information Gaps
Where do information gaps exist,
What is an underlying assumption ...,
What is symmetric information 2 p...
7
cards
1.4.1 - Government Intervention In Markets
What are some reasons why governm...,
What are the types of government ...,
What are examples of indirect tax
4
cards
1.4.2 - Government Failure
0
cards
2.1.1 - Economic Growth
What is economic growth,
How is economic growth typically ...,
How can you determine economic ac...
24
cards
2.1.2 - Inflation
What are the 3 types of inflation,
What is inflation,
What is inflation rate
22
cards
2.1.3 - Employment & Unemployment
What is unemployment 2 points,
What is the unemployment level,
What is unemployment rate the for...
7
cards
2.1.4 - Balance Of Payments
0
cards
2.2.1 - The Characteristics Of AD
What is aggregate demand,
What is ad made up of,
What is the formula for ad
16
cards
2.2.2 - Consumption
What is consumption,
What is disposable income,
What happens to disposable income...
7
cards
2.2.3 - Investment
Describe investment 3 points,
What is depreciation,
What is gross investment
3
cards
2.2.4 - Government Expenditure
0
cards
2.2.5 - Net Trade (X-M)
0
cards
2.3.1 - The Characteristics Of AS
0
cards
2.3.2 - Short - Run AS
0
cards
2.3.3 - Long - Run AS
0
cards
2.4.1 - National Income
0
cards
2.4.2 - Injections & Withdrawals
0
cards
2.4.3 - Equilibrium Levels Of Real National Output
0
cards
2.4.4 - The Multiplier
0
cards
2.5.1 - Causes Of Growth
0
cards
2.5.2 - Output Gaps
0
cards
2.5.3 - Trade (Business) Cycle
0
cards
2.5.4 - The Impact Of Economic Growth
0
cards
2.6.1 - Possible Macroeconomic Objectives
What are the 7 possible macroecon...,
Why do governments intervene in a...,
Describe the macroeconomic object...
11
cards
2.6.2 - Demand - Side Policies
0
cards
2.6.3 - Supply - Side Policies
What do supply side policies aim ...,
What are the 2 categories of supp...
23
cards
2.6.4 - Conflicts & Trade - Offs Between Objectives And Policies
0
cards
3.1.1 - Sizes & Types Of Firms
0
cards
3.1.2 - Business Growth
0
cards
3.1.3 - Demergers
0
cards
3.2.1 - Business Objectives
0
cards
3.3.1 - Revenue
What is revenue,
What is total revenue tr its formula,
What is average revenue ar its fo...
21
cards
3.3.2 - Costs
What is the economic cost for a firm,
What is the short run sr,
What is the long run lr
21
cards
3.3.3 - Economies & Diseconomies Of Scale
What is economies of scale 2 points,
What does a business experience d...,
What is increasing returns to scale
30
cards
3.3.4 - Normal Profits, Supernormal Profits & Losses
1
cards
3.4.1 - Efficiency
0
cards
3.4.2 - Perfect Competition
0
cards
3.4.3 - Monopolistic Competition
0
cards
3.4.4 - Oligopoly
0
cards
3.4.5 - Monopoly
0
cards
3.4.6 - Monopsony
When does a monopsony occur,
What are examples of monopsony s ...,
What is a monopsonist
22
cards
3.4.7 - Contestability
0
cards
3.5.1 - Demand For Labour
What is the labour market compose...,
What is the demand for labour,
What does derived demand mean 2 p...
12
cards
3.5.2 - Supply Of Labour
What are the factors influencing ...,
What could be some points made fo...,
What could be some points made fo...
13
cards
3.5.3 - Wage Determination In Competitive & Non-competitive Markets
What are the labour market charac...,
One labour market characteristic ...,
One labour market characteristic ...
6
cards
3.6.1 - Government Intervention
0
cards
3.6.2 - The Impact Of Government Intervention
0
cards
4.1.1 - Globalisation
What is globalisation,
What has the integration of globa...,
What are the causes of globalisat...
9
cards
4.1.2 - Specialisation & Trade
What does international trade do ...,
What is absolute advantage,
Wh
16
cards
4.1.3 - Pattern Of Trade
0
cards
4.1.4 - Terms Of Trade
0
cards
4.1.5 - Trading Blocs & The World Trade Organisation (WTO)
What is a regional trading bloc,
What is a regional trading bloc a...,
What is economic integration
25
cards
4.1.6 - Restrictions On Free Trade
What does free trade aim to do,
What is protectionism,
What are the reasons for protecti...
18
cards
4.1.7 - Balance Of Payments
0
cards
4.1.8 - Exchange Rates
0
cards
4.1.9 - International Competitiveness
0
cards
4.2.1 - Absolute & Relative Poverty
0
cards
4.2.2 - Inequality
0
cards
4.3.1 - Measures Of Development
0
cards
4.3.2 - Factors Influencing Growth & Development
0
cards
4.3.3 - Strategies Influencing Growth & Development
0
cards
4.4.1 - Role Of Financial Markets
0
cards
4.4.2 - Market Failure In The Financial Sector
0
cards
4.4.3 - Role Of Central Banks
0
cards
4.5.1 - Public Expenditure
0
cards
4.5.2 - Taxation
0
cards
4.5.3 - Public Sector Finances
0
cards
4.5.4 - Macroeconomic Policies In A Global Context
0
cards
More about
A-Level Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Lucas Maniglia Brigagao Perry's A-Level Economics 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.
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?
A Level Economics
- 50 decks
- 1987 flashcards
- 1059 learners
Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
