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

Decks in this class (26)

week 1
What is the scarcity priniciple,
What is the cost benefit principle,
What are the three decision pitfa...
24  cards
week 2
What are comparative statics,
What is a change in quantity dema...,
What is a change in demand
30  cards
week 3
What is cross price elasticity of...,
What does it mean if cross price ...,
What is income elasticity of demand
18  cards
week 4
What is a consumption bundle,
What is a strictly preferred bundle,
What are the assumptions about in...
28  cards
week 5
What does the demand curve show,
What does the supply curve show,
What is producer theory
33  cards
week 6
What are the assumptions about pe...,
How do you calculate profit maxim...,
How do you calculate total revenue
10  cards
week 7
What are the conditions for perfe...,
What is features of imperfect com...,
How do the demand curves differ f...
12  cards
week 8
What are non strategic situations,
What is game theory,
What are simultaneously played games
14  cards
week 9
What is oligopoly,
What is strategic interaction,
What is a cartel
34  cards
week 10
What is labour market,
What is labour supply,
What does a labour supply graph show
19  cards
week 11
What is choice under risk and unc...,
What is the expected value,
How do you know if the lottery is...
24  cards
week 12
What is a negative externality,
What is a positive externality,
How do people tend to make decisi...
15  cards
week 13
What are the 6 major macroeconomi...,
What is standard of living,
What is economic growth
35  cards
week 14
What is macroeconomics,
Why has gdp been critised,
What is gdp
76  cards
week 15
What is consumer price index,
What is a price index,
What is inflation
37  cards
week 16
How can you measure changes in li...,
What are living standards,
What are the benefits of growth
46  cards
week 17
What are the five trends,
What is the labour market,
What affects demand for labour
28  cards
week 18
What is saving,
What is the saving rate,
What is wealth
41  cards
week 19
What is money,
What is barter,
What are the three principal uses...
33  cards
week 20
What are business cycles,
What is a recession,
What is a depression
23  cards
week 21
What is the keynesian model,
How has technology reduced menu c...,
What is planned aggregate expendi...
34  cards
week 22
What is fed watch,
Why is monetary policy a stabilis...,
What is the fomc
26  cards
week 23
What is the aggregate demand curve,
Why does aggregate demand increas...,
Why does the ad curve slope downw...
27  cards
week 24
What is the importance of exchang...,
What is the nominal exchange rate,
What is appreciation
30  cards
summary
Scarcity principle,
Cost benefit principle,
Incentive principle
102  cards
past paper questions
0  cards

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ECON 102

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