Economics 1 Compressed

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

Decks in this class (14)

CH1: Intro to Economics
What are the four factors of prod...,
What are wants needs and trade of...,
What is economics and why is scar...
9  cards
CH2: Economic Systems
How do microeconomics and macroec...,
What are the central economic que...,
What are the main types of econom...
10  cards
CH3: Demand, Supply, and Prices
What factors cause a shift in the...,
What factors cause a shift in the...,
What is a surplus or shortage and...
7  cards
CH4: Changes in Demand & Supply
How are consumer and producer sur...,
What causes shifts in the demand ...,
What causes shifts in the supply ...
8  cards
CH5: Elasticity
Blank 1,
How does elasticity affect total ...,
What is elasticity in economics 3
22  cards
CH6: The Theory of Demand: The Utility Approach
What are the different types of s...,
What is utility total utility and...,
What is cardinal utility 3
7  cards
CH7: Cost of Production
How are total average and margina...,
How are total average and margina...,
What characterizes the long run p...
32  cards
CH8: Market Structures
What are the characteristics of a...,
What is the profit maximizing con...,
Why is the long run average cost ...
26  cards
CH9: Labour Market
How does the labour market differ...,
What are the effects of implement...,
What are the requirements for per...
16  cards
CH10: Fiscal & Monetary Policy
What are the functions of money 1,
What are the functions of the sou...,
What causes a shift in the labour...
17  cards
CH11: Aggregate Demand & Aggregate Supply
What does the ad curve represent 1,
What does the as curve represent 2,
What is the difference between sr...
10  cards
CH12: Economic Growth, Unemployment, & Inflation
How do new keynesians differ from...,
How is economic growth measured 2,
What are the main types of unempl...
25  cards
CH13: The Foreign Sector
How did import substitution impac...,
What are the effects of trade bar...,
What is absolute advantage 3
21  cards

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Economics 1 Compressed

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