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George Rainbow
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Decks in this class (22)
Micro Economics 1
Definition of economics,
What is a positive statement,
What is a normative statement
50
cards
Micro - Demand
What is a market,
What is a free market,
What do free markets operate on
29
cards
Supply
Definition of supply,
What is profit,
What causes a movement along the ...
8
cards
Supply and Demand
How are prices determined in a ma...,
What is equilibrium,
What is equilibrium also know as
25
cards
Elasticity
What is the equation for price el...,
What is the equation for percenta...,
What does the sign say about the ...
36
cards
Free Markets
What is a free market economy als...,
What is the market mechanism,
What are the 3 functions of a pri...
60
cards
Behavioural economics
What did people assume when makin...,
What is an economic man or homo e...,
What is behavioural economics
55
cards
Micro - Revenue/cost curves and market structures
What is production,
What is productivity,
How can productivity be measured
148
cards
Micro - Labour Markets
What is a labour market,
What are labour markets an exampl...,
What is a factor market
107
cards
Macro Economics 1
What is a macro economy,
What are the 4 main macro economi...,
What are the extra economic perfo...
23
cards
Macro Economics 2
What is the circular flow of inco...,
What are the two boxes in the dia...,
What are the two movements from f...
78
cards
Trade and Exchange rates
Definition of exports,
Definition of imports,
What is net exports
30
cards
Fiscal Policy
What is fiscal policy,
What method does the government u...,
What types of budget balances are...
35
cards
Unemployment
What is unemployment,
What are the ways of measuring un...,
Why does the government record un...
33
cards
Inflation
What is inflation,
What does inflation cause,
What is dis inflation
29
cards
Economic Growth
What is the trade cycle,
What are the 4 stages of the trad...,
What is the average potential gro...
68
cards
Year 2 Trade Cycle and Inflation
Why assumptions are made so the s...,
What is the classical view of the...,
What is the policy implications o...
109
cards
Year 2 Monetary and Fiscal Policy, Bonds and Banking System
What do monetarist economist believe,
What has been the main way of con...,
What are the characteristics of a...
123
cards
Exchange Rates Year 2
What are the 4 types of exchange ...,
What is a free floating system,
What causes the demand for the pound
109
cards
Macro Economic Definitions
Macro economic equilibrium,
Economic stability,
Unemployment
53
cards
Micro Context for exams
Basic economic problem,
Demand shifts right,
Demand shift left
41
cards
Macro Context for exams
Low interest rates,
High interest rates,
Low income tax
72
cards
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economic a level
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