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By:
David Gill
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Decks in this class (15)
Chapter 1 - Fundamental economic concepts
Relative scarcity 1,
Land resources 2,
Labour resources 3
11
cards
Chapter 2 - An introduction to microeconomic and the role of markets
Microeconomics 1,
Three conditions required for a p...,
Law of demand 3
12
cards
PED - Price elasticity of demand
Price elasticity of demand 1,
High ped 2,
Low ped 3
10
cards
PES - Price elasticity of Supply
Price elasticity of supply 1,
High pes 2,
Low pes 3
8
cards
Market failure
Allocative efficiency 1,
Technical efficiency 2,
Dynamic efficiency 3
11
cards
Market failure definitions
Allocative efficiency 1,
Technical efficiency 2,
Dynamic efficiency 3
11
cards
Living standards definitions
Material living standards 1,
Non material living standards 2,
Economic growth 3
9
cards
Living standards
Material living standards 1,
Non material living standards 2,
Factors affecting living standards 3
7
cards
International trade definitions
Exports and imports 1,
Balance of payments bop 2,
Current account ca 3
8
cards
The current account
Four parts of the ca 1,
Balance on merchandise trade 2,
Net services 3
5
cards
The capital and financial account
Five components of cafa 1,
Net portfolio investment 2,
Net direct investment 3
6
cards
International trade effects
Benefits of purchasing imports on...,
Benefits of selling exports on li...,
Economies of scale and internatio...
9
cards
Budgetary policy
Government revenues 1,
Government expenditures 2,
Budgetary policy initiatives 3
5
cards
Definitions - Budget
Inflation 1,
Full employment 2,
Economic growth 3
12
cards
Monetary policy - definitions
Monetary policy 1,
Cash rate 2,
Omos 3
17
cards
More about
Economics
- Class purpose General learning
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