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Emma Carney
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Decks in this class (44)
Theme 1: Elasticities
Price elasticity of demand ped,
Elastic demand,
Inelastic demand
12
cards
Theme 1: Externalities
Draw a diagram identifying welfar...,
Draw a diagram identifying welfar...,
Draw a diagram illustrating what ...
3
cards
Theme 2: Fiscal Policy
What fiscal policy might the gove...,
What is expansionary fiscal policy,
What is a downside of expansionar...
22
cards
Theme 2: Monetary Policy
What are the two tools to impact ...,
What is monetary policy,
What 4 areas does changes in the ...
23
cards
Theme 2: Supply Side policies
What are supply side policies,
What are the 2 types of supply si...,
Give one advantage and one disadv...
8
cards
Theme 3: Labour Market Elasticities
What is elasticity of labour demand,
What are the 3 factors that influ...,
If a worker is easy to substitute...
15
cards
Theme 3: Labour Market Shifts
How might change in derived deman...,
How might change in productivity ...,
How might change in productivity ...
10
cards
Theme 3: Business Growth
Why do some firms grow,
Why do some firms stay small,
What are the 6 types of economies...
20
cards
Theme 4: Specialisation and Trade
What is meant by the theory of co...,
What is meant by assumptions of t...,
Limitations of the theory of comp...
5
cards
Theme 4: Exchange rates
What happens if the pound appreci...,
Draw a diagram to show the impact...,
Draw a diagram to show the impact...
21
cards
Theme 4: Measures of Development
What are the measurements of deve...,
What are the 3 measurements of de...,
What does the hdi look at
11
cards
Theme 4: Factors influencing Growth and Development
What are the constraints on growt...,
Why does a poor education constra...,
What are the two impacts of a poo...
34
cards
Theme 4: Strategies influencing Growth and Development
What are the 6 types of free mark...,
What are 6 interventionalist stra...,
What are the 3 other strategies f...
26
cards
Paper 3
What are the possible micro econo...,
What are the possible macro econo...
2
cards
Theme 1: How do markets work
When making economic decisions co...,
Consumer utility,
Two ways to make a decision are
40
cards
Theme 1: Nature of Economics
Positive statement,
Normative statements,
Basic economic problem
32
cards
Theme 1: Government intervention
Why do governments intervene,
Two types of indirect tax,
Ways in which the government corr...
17
cards
Theme 1: Market Failure
3 types of market failures,
Private benefit,
Social benefit
23
cards
Theme 3: Business Objectives
Who are the 4 influencers in the ...,
What do shareholders want,
What do directors and managers want
11
cards
Theme 3: Economies of scale
What are the 6 economies of scale,
What are purchasing economies of ...,
What are technical economies of s...
16
cards
Theme 3: Profit
How do you calculate profit,
What does total costs include,
What happens if normal profits no...
15
cards
Theme 3: Types of Efficiency
What is productive efficiency,
Show productive efficiency on a g...,
What is allocative efficiency
8
cards
Theme 3: Monopoly
What are the two types of monopoly,
What are the 3 assumptions when l...,
Thye
10
cards
Theme 3: Oligopoly
What is game theory,
What are 4 key features of an oli...,
What are the 3 main ways firms co...
12
cards
Theme 3: Contestability
What is hit and run competition,
Why can firms in a contestable ma...,
What is competition
7
cards
Theme 3: Regulation and Competition policy
4 types of regulation,
What is merger policy,
What is price regulation
22
cards
Theme 3: Monopsony
Monopsony,
What,
Draw a minimum wage diagram
11
cards
Theme 4: Globalisation
Globalisation,
Foreign direct investment,
Transnational corporation
14
cards
Theme 4: Inequality
What are the two types of inequality,
What is wealth,
What is an example of wealth ineq...
15
cards
Theme 4: Poverty
Absolute poverty,
What is purchasing power parity ppp,
How many people were estimated to...
10
cards
Theme 4: Taxation
What are the 2 kinds of tax,
What are the 2 types of indirect ...,
What is a progressive tax and wha...
14
cards
Theme 2: Business Cycle
What are the 7 macroeconomic obje...,
What is the business cycle,
What are the 4 sections of the bu...
18
cards
Theme 2: Shifts in AD
What is the multiplier effect,
Explain a chain of reasoning to w...,
What is a real life example of th...
14
cards
Theme 2: Aggregate Demand
Difference between long run and s...,
What shape is the classical lras ...,
What are the axis for lr diagrams
13
cards
Theme 2: Economic Policy
What are the 2 types of economic ...,
What are demand side policies,
What are supply side policies
9
cards
Theme 2: Demand Side Responses to the Depression and Recession
What is the gold standard,
How did roosevelt bring america o...,
How did the uk respond to the gre...
7
cards
Theme 4: Restrictions on free trade
What is a trade barrier,
What are the 4 key types of restr...,
What is a tariff
18
cards
Theme 2: Conflict between objectives
What are the downsides of aiming ...,
Why might some people argue that ...,
Why does a balance budget conflic...
12
cards
Theme 4: World trade Organisation
What are the two key functions of...,
What diagram could you use to dem...,
What is the world trade organisation
4
cards
STATS
What was growth in the last 2 yea...,
What is unemployment in the uk,
What is inflation in the uk
28
cards
Theme 4: Role of financial markets
What is the role of financial mar...,
What is equity,
What are forward contracts
3
cards
Theme 4: Market failure in the Financial Sector
What is a subprime mortgage,
Why did bankers sell subprime mor...,
What is the housing bubble
10
cards
Theme 4: Public Expenditure
What are the 3 types of public ex...,
What is capital expenditure,
What is human capital
13
cards
Theme 4: Public Sector Finances
What are the 2 types of budget de...,
What is a cyclical deficit,
What is a structural deficit
6
cards
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Advance Information Economics
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