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A-Level Economics Edexcel

This class was created by Brainscape user Diya Kanani. Visit their profile to learn more about the creator.

By: Diya Kanani
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Decks in this class (20)

1.1 Nature of economics
What is economics,
Define social science,
What is different in the way theo...
44  cards
1.2 - How Markets Work?
What is rational decision making ...,
What are aims for consumers and f...,
What is a customers utility
115  cards
1.3 Market Failure
When does market failure occur,
What are the 3 types of market fa...,
What is an externality
32  cards
1.4 Government Internevtion
What is government intervention i...,
What is indirect taxation,
What are subsidies
17  cards
2.1 Measures of Economic Performance
What does national income account...,
What does gdp stand for,
What is the main method to determ...
123  cards
2.2 Aggregate Demand
What is ad,
How is ad calculated,
What happens if ad increases
52  cards
2.3 Aggregate Supply
What is as,
Why is the as curve upward sloping,
When does shifts of the sras curv...
28  cards
2.4 National Income
What is the circular flow of income,
What is the role of households in...,
What are the 3 ways households re...
49  cards
2.5 Economic Growth
How is short run economic growth ...,
H,
How is long run economic growth c...
20  cards
2.6 Macroeconomic Objectives and Policies
What is the uk target economic gr...,
What is the target unemployment r...,
What is the relationship between ...
109  cards
3.1 Business Growth
Why do firms grow,
Why do small firms exist,
What is the divorce of ownership ...
43  cards
3.2 Business Objectives
What is the rational business obj...,
What are profits,
How can a firm achieve profit max...
17  cards
3.3 Revenues, Costs & Profits
Total revenue definition,
Total revenue equation,
Definition of average revenue
66  cards
3.4 Market Structures
What are the 4 types of efficiency,
What is allocative efficiency,
What is productive efficiency
96  cards
3.5 Labour Market
What is the labour market,
What is the demand for labour,
What factors influence the demand...
27  cards
3.6 Government Intervention
0  cards
4.1 International Economics
0  cards
4.2 Poverty & Inequality
What is absolute poverty,
What is the world banks 3 main po...,
What can extreme poverty by descr...
32  cards
4.3 Emerging and developing economies
What does hdi stand for,
What is the hdi,
What is the health section of hdi
15  cards
4.5 Role of the state in the Macroeconomy
What is public expenditure,
What are the 3 types of public ex...,
What is current expenditure
65  cards

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A-Level Economics Edexcel

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