This class was created by Brainscape user Kerry Harwood. Visit their profile to learn more about the creator.
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Kerry Harwood
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Decks in this class (11)
week 1
What is economics 1,
What is macroeconomics 2,
What is microeconomics 3
17
cards
Week 2 - GDP & Inflation
What is regarded as economic grow...,
What is gdp 2,
What is gnp 3
19
cards
Week 3 - Money & Interest rates
What is the function of money 1,
What is meant by the term money m...,
What is the reserve ratio 3
23
cards
Week 4 - Business cycle and unemployment
What are bonds 1,
What is yield 2,
Upward gdp movement recovery or e...
18
cards
Week 6 - Fiscal policy / Multiplier & Gov growth
What is fiscal policy 1,
Why does the government use fisca...,
What is discretionary fiscal poli...
22
cards
Week 7 - Microeconomics & supply/demand curve
What is microeconomics a study of 1,
What is the economic problem 2,
What is a centrally planned or co...
24
cards
Week 8 - Surplus and Elasticity
What is economic welfare 1,
What is consumer surplus 2,
What is producer surplus 3
21
cards
Week 9 - market failure and government intervention
Why do governments intervene in t...,
What types of regulation can a go...,
What is market conduct regulation 3
16
cards
Week 10 - competition & market power
What is the definition of profit ...,
Define marginal revenue mr and ma...,
Define marginal cost mc 3
15
cards
Week 11 - Comparative advantage and trade
Why trade 1,
What is absolute advantage 2,
What is comparative advantage 3
12
cards
Exam revision
Who is responsible for monetary p...,
Aim of rba 2,
4 tools available to the rba what...
36
cards
More about
BUS102
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