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A level Economics Year 1

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

By: JANEL MUAMBA
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Decks in this class (9)

1 Economic methodology and the economic problem
Why is the term basic misleading ...,
What is the economic problem,
What does the term scarce resourc...
35  cards
2 Individual Economic Decision Making
a) Consumer behaviour b) Imperfect information c) Aspects of behavioural economic theory d) Behavioural economics and economic policy
1  cards
3 Price Determination in a Competitive Market
a) The determinants of the demand for goods and services b) Price, income and cross elasticities of demand c) The determinants of the supply of goods and services d) Price elasticity of supply e) The determination of equilibrium market prices f) The interrelationship between markets
42  cards
3 Price Determination in a Competitive Market
c) The determinants of the supply of goods and services d) Price elasticity of supply e) The determination of equilibrium market prices f) The interrelationship between markets
28  cards
The interrelationship between markets
What is derived demand,
An example of this is,
What is composite demand
8  cards
b) The meaning of market failure
What is market failure,
What is a externality,
Positive and negative externalities
9  cards
c) Public goods, private goods and quasi-public goods
What is a non excludable public good,
2  cards
Measurement of Macroeconomic Performance
a) the objectives of government economic policy b) Macroeconomic indicators c) Uses of index numbers d) Uses of national income data
7  cards
11 Economic performance
inflation
20  cards

More about
A level Economics Year 1

  • Class purpose General learning

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