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

Decks in this class (23)

Theme 1 Content COPY
What is the definition of ppf pro...,
What does a ppf curve show and wh...,
Why is a ppf graph curved 3
147  cards
Theme 2 Content
What is economic growth decline 1,
How is economic growth measured 2,
What is national income 3
214  cards
Theme 3 Content
How to small firms survive 1,
What is the divorce of ownership ...,
What happens when there is a divo...
296  cards
Theme 4 Content
What is globalisation 1,
Define interdependence 2,
How have economies integrated 3
451  cards
1.1 Nature of Economics Content
What is the definition of ppf pro...,
What does a ppf curve show and wh...,
Why is a ppf graph curved 3
20  cards
1.2 - How Markets Work Content
What are the underlying assumptio...,
What are some critiques of the as...,
What is the different between a m...
51  cards
1.3 - Market Failure Content
What are the 3 main types of mark...,
Define externalities 2,
What are external costs benefits 3
34  cards
1.4 - Government Intervention Content
Give the extra disadvantage to in...,
2 benefits of indirect taxes in e...,
If an indirect tax is imposed on ...
48  cards
2.1 - Measures of economic performance Content
What is economic growth decline 1,
How is economic growth measured 2,
What is national income 3
70  cards
2.2 - Aggregate Demand Content
What is marginal propensity to co...,
What are mpm mps mpt mpw 2,
Determinants of consumption 5 3
9  cards
2.3 - Aggregate Supply Content
What is short run aggregate supply 1,
Why is the classical sras curve u...,
Classical lras graph 3
11  cards
2.4 - National Income Content
What is short run aggregate supply 1,
Why is the classical sras curve u...,
Classical lras graph 3
31  cards
2.5 - Economic growth Content
Define recession 1,
What are the conditions of having...,
How does demand led growth affect...
38  cards
2.6 - Macroeconomic objectives and policies Content
Rebel bells macroeconomic objecti...,
Differences between fiscal and mo...,
What is a deflationary policy 3
61  cards
3.1 - Business growth Content
How to small firms survive 1,
What is the divorce of ownership ...,
What happens when there is a divo...
31  cards
3.2 - Business objectives Content
What are the 3 possible business ...,
Why do firms return to profit max...,
Why do firms maximise profits 3
12  cards
3.3 - Revenue, costs and profits Content
At what point does mr begin to de...,
Total revenue when price is const...,
Average and marginal revenue when...
24  cards
3.4 - Market structures Content
What is achieved at allocative ef...,
What is allocative efficiency 2,
What is allocative efficiency als...
176  cards
3.6 - Government intervention Content
What are the aims of competition ...,
What does competition policy aim ...,
What are the main 3 pillars of uk...
53  cards
4.1 - International economics Content
What is globalisation 1,
Define interdependence 2,
How have economies integrated 3
227  cards
4.2 - Poverty and Inequality Content
What does the difference between ...,
What is absolute poverty 2,
What is relative poverty 3
32  cards
4.3 - Emerging and developing economies Content
What is economic development 1,
What is the difference between ec...,
What does the difference between ...
106  cards
4.4 - The Financial Sector Content
What is a financial market 1,
What are the key roles of financi...,
What regulations can be introduce...
86  cards

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econ safety

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