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Emma Carney
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Decks in this class (44)
Theme 1: Elasticities
Price elasticity of demand ped 1,
Elastic demand 2,
Inelastic demand 3
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 2,
What is a downside of expansionar...
22
cards
Theme 2: Monetary Policy
What are the two tools to impact ...,
What is monetary policy 2,
What 4 areas does changes in the ...
23
cards
Theme 2: Supply Side policies
What are supply side policies 1,
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 dema...,
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
Give 5 reasons some firms grow 1,
Give 5 reasons why some firms sta...,
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 5 indicators of deve...,
What are the 3 measurements of de...,
What does the hdi look at 3
11
cards
Theme 4: Factors influencing Growth and Development
Name as many as you can of the fa...,
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 2,
Two ways to make a decision are 3
40
cards
Theme 1: Nature of Economics
Positive statement 1,
Normative statements 2,
Basic economic problem 3
32
cards
Theme 1: Government intervention
Why do governments intervene 1,
Two types of indirect tax 2,
Ways in which the government corr...
17
cards
Theme 1: Market Failure
3 types of market failures 1,
Private benefit 2,
Social benefit 3
23
cards
Theme 3: Business Objectives
Who are the 4 influencers in the ...,
What do shareholders want 2,
What do directors and managers wa...
11
cards
Theme 3: Economies of scale
What are the 6 economies of scale 1,
What are purchasing economies of ...,
What are technical economies of s...
16
cards
Theme 3: Profit
How do you calculate profit 1,
What does total costs include 2,
What happens if normal profits no...
15
cards
Theme 3: Types of Efficiency
What is productive efficiency 1,
Show productive efficiency on a g...,
What is allocative efficiency 3
8
cards
Theme 3: Monopoly
What are the two types of monopoly 1,
What are the 3 assumptions when l...,
What are the 5 examples of high b...
10
cards
Theme 3: Oligopoly
What is game theory 1,
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 1,
Why can firms in a contestable ma...,
What is competition 3
7
cards
Theme 3: Regulation and Competition policy
4 types of regulation of firms 1,
What is merger policy 2,
What is price regulation 3
22
cards
Theme 3: Monopsony
What are the two features of mono...,
What effect does monopsony power ...,
Draw a minimum wage diagram 3
11
cards
Theme 4: Globalisation
Globalisation 1,
Foreign direct investment 2,
Transnational corporation 3
14
cards
Theme 4: Inequality
What are the two types of inequal...,
What is wealth 2,
What is an example of wealth ineq...
15
cards
Theme 4: Poverty
Absolute poverty 1,
What is purchasing power parity p...,
How many people were estimated to...
10
cards
Theme 4: Taxation
What are the 2 kinds of tax 1,
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 2,
What are the 4 sections of the bu...
18
cards
Theme 2: Shifts in AD
What is the multiplier effect 1,
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 neoclassical lr...,
What are the axis for lr diagrams 3
13
cards
Theme 2: Economic Policy
What are the 2 types of economic ...,
What are demand side policies 2,
What are supply side policies 3
9
cards
Theme 2: Demand Side Responses to the Depression and Recession
Why did the wall street crash lea...,
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 1,
What are the 4 key types of restr...,
What is a tariff 3
18
cards
Theme 2: Conflict between objectives
Why does economic growth conflict...,
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 organisat...
4
cards
STATS
What was growth in the last 2 yea...,
What is unemployment in the uk 2,
What is inflation in the uk 3
28
cards
Theme 4: Role of financial markets
What is the role of financial mar...,
What is equity 2,
What are forward contracts 3
3
cards
Theme 4: Market failure in the Financial Sector
What is a subprime mortgage 1,
Why did bankers sell subprime mor...,
What is the housing bubble 3
10
cards
Theme 4: Public Expenditure
What are the 3 types of public ex...,
What is capital expenditure 2,
What is human capital 3
13
cards
Theme 4: Public Sector Finances
What are the 2 types of budget de...,
What is a cyclical deficit 2,
What is a structural deficit 3
6
cards
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Advance Information Economics
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