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Economics

This class was created by Brainscape user siún O'Connor. Visit their profile to learn more about the creator.

By: siún O'Connor
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Decks in this class (22)

National Income
National income 1,
National income is denoted by 2,
The circular flow of income 3
32  cards
National Income 2
Main measures of national income 1,
Gross domestic product 2,
Gross national product 3
28  cards
Fiscal Policy
Fiscal policy 1,
Who is responsible for the implem...,
The budget 3
41  cards
Taxation
Four cannons of taxation 1,
Equity cannon 2,
Certainty 3
49  cards
Money and Banking
Definition of money 1,
Definition of barter 2,
Double coincidence of wants 3
27  cards
Perfect Competition
Market 1,
Industry 2,
Market structure 3
14  cards
Imperfect Competition
Conditions for imperfect competit...,
Why is ac not at its lowest point 2,
Advantages of imperfect competiti...
6  cards
Monopoly
Assumptions of monopoly 1,
Implications of the assumptions o...,
How a monopoly arises 3
12  cards
Oligopoly
Assumptions under oligopoly 1,
Collusion 2,
Price competition 3
17  cards
The Market Economy
Individual demand 1,
Market demand 2,
Factors that affect market demand 3
23  cards
monetary policy and the price level
Inflation 1,
Deflation 2,
Effects of deflation 3
28  cards
Unemployment and Employment
Benefits of high levels of employ...,
Full employment 2,
Difficulties of high employment 3
18  cards
The Factor Market
Land 1,
Labour 2,
Capital 3
4  cards
the financial sector
Role of financial institutions 1,
Role of the central bank 2,
Role of the european central bank 3
4  cards
chapter 14 for test
Inflation 1,
Deflation 2,
Cpi 3
8  cards
chapter 13 for test
Types of unemployment 1,
Unemployment 2,
Frictional unemployment 3
10  cards
chapter 9 for test
Factors that create different wag...,
Advantages of increasing the mini...,
Mrp 3
5  cards
Economic Development
Economic development 1,
Economic growth 2,
What contributes to a fundamental...
10  cards
economics as a way of thinking chpt 1
Economics 1,
Opportunity cost 2,
Normative statement 3
10  cards
chapter 17 globalisation
Positive impacts of globalisation 1,
Negative impacts of globalisation 2,
Inward fdi 3
7  cards
test corrections for new test
Cost of living 1,
Standard of living 2,
Relationship between cost of livi...
8  cards
international trade
International trade 1,
Advantages of international trade 2,
Visible imports exports 3
33  cards

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Economics

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