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owen south
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Decks in this class (21)
1.1
Explain the difference between a ...,
Define the term opportunity cost,
List 4 factors of production
28
cards
2.1
Define economic growth and explai...,
Distinguish between real and nominal,
What does per capita mean
40
cards
Economic thinkers
Explain adam smith view of self i...,
Explain karl marx s view of capit...,
Explain john maynard keynes view ...
5
cards
1.2
In economics what assumptions are...,
Explain how herd mentality may pr...,
Explain how habitual behaviour ma...
60
cards
2.2 2.3
What is the formula for aggregate...,
Explain how disposable income inf...,
Explain how rate of savings influ...
33
cards
1.3
Define market faliure,
Why would negative externalites b...,
Why would positive externalites b...
20
cards
2.4
Explain whats meant by the circul...,
Explain the difference between in...,
Define the multipier effect
20
cards
2.5
Define actual growth,
Explain the causes of actual growth,
Define potential growth
15
cards
1.4
Define minimum price and explain ...,
Outline the details of minimum pr...,
Explain the problems that might b...
23
cards
2.6
Explain the role of demand side p...,
Define monetary policy,
Explain the tools involved in mon...
35
cards
4.3
Explain the three dimension of th...,
Explain the advantages and limita...,
Explain the two alternatives to h...
48
cards
3.1
Explain why some firms tent to re...,
Explain the meaning of the divorc...,
Explain the potential problems th...
27
cards
3.4
List the characteristics of perfe...,
List the characterisitcs of a mon...,
Similarities between monopolistic...
42
cards
4.1
5 characteristics of globalisation,
5 causes of globalisation,
Explain absolute and comparative ...
40
cards
3.3
Define total revenue,
Define average revenue,
Define marginal revenue
21
cards
3.5
Explain the factors which could i...,
Explain the factors affecting the...,
Explain the factors which could i...
22
cards
3.6
Explain the role of the cma,
Summarise details of 2 mergers cm...,
Explain the impact of merger prev...
27
cards
3.2
Profit maximisation,
Why might firms not profit maximise,
Sales maximisation
12
cards
4.2
Explain the distinction between a...,
Absolute poverty causes,
Relative poverty causes
16
cards
4.5
Explain and give examples of the ...,
Microeconomic failure as a reason...,
Macroeconomic failure as a reason...
30
cards
4.4
5 roles of financial markets,
5 types if market failure that ca...,
What is and how can the governmen...
11
cards
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Economics
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