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Economics

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

By: Dasha Chernyakova
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Decks in this class (15)

Chapter 3
Define market,
Define demand,
Define supply
34  cards
Chapter 1
Difference between normative and ...,
Define value statement,
Difference between needs and wants
23  cards
Chapter 2
What is assumed for households,
Define utility,
Define marginal utility
20  cards
Chapter 4
Explain the production theory sho...,
Define productivity,
Define labour productivity
53  cards
Chapter 5
Define market structure,
Explain the spectrum of market st...,
Define market entry and exit barr...
66  cards
Chapter 6
What is the labour market,
Who is the supply and demand in l...,
Why is labour derived demand
46  cards
Chapter 7
Define distribution of income,
Define distribution of wealth,
Difference between income and wealth
27  cards
Chapter 8
Functions of price,
Advantages and disadvantages of p...,
Why pro free market economists be...
51  cards
Chapter 9
Define policy objective,
What are the governments policy o...,
Difference between short and long...
34  cards
Chapter 10
Difference between level and rate...,
The three ways of measuring flow ...,
How is gdp measured
35  cards
Chapter 11
Draw short and long run economic ...,
Define demand side,
Draw short run economic growth po...
45  cards
Chapter 12
Define asset,
Define liability,
Define money 2 definitions
49  cards
Chapter 13
Define fiscal policy,
How is fiscal policy influences a...,
What is the governments budget
66  cards
Chapter 14
Define globalisation,
Examples of globalisation,
Main characteristics of globalisa...
52  cards
Chapter 15
Where are currencies bought,
Define exchange rate,
Explain the different managed exc...
32  cards

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Economics

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