This class was created by Brainscape user Ruby Campbell. Visit their profile to learn more about the creator.
By:
Ruby Campbell
- decks
- flashcards
- learners
Decks in this class (33)
perfect competition, imperfectly competitive markets and monopoly
Profit maximisation 1,
Why do firms aim to profit maximi...,
Why might firms not want to aim f...
104
cards
labour market
What is the supply of labour dete...,
What type of demand is labour 2,
What does the downard sloping dem...
52
cards
monetary policy
What are the four functions of mo...,
What is the money supply 2,
What is narrow money 3
61
cards
Production,costs And Revenues
What are the different types of e...,
Types of diseconomies of scale 2,
Define economies of scale 3
45
cards
Market Mechanism And Market And Government Failure
What are the 4 functions of prices 1,
Signalling function 2,
After signalling what does the in...
67
cards
Individual Economic Decision Making/ behavioural economics
What does an individuals demand c...,
Define rational behaviour 2,
Define utility 3
30
cards
Distribution Of Income And Wealth
Difference between income and wea...,
How is income measured by world b...,
How are countries categorised by ...
21
cards
The Objectives Of Government Economic Policy
What are the four main objectives 1,
Define short run economic growth 2,
Define long run economic growth 3
31
cards
How The Macreoeconomy Works
What is national income 1,
How is the flow of national outpu...,
What is national capital stock 3
48
cards
economic performance
Define inflation 1,
What happened to inflation in the...,
Two basic causes of inflation 3
76
cards
Economic Methodology
Positive statement 1,
Normative statement 2,
Need 3
15
cards
marginal analysis and market failure
Two types of market failure 1,
Private goods 2,
Private property rights 3
18
cards
The International Economy
Globalisation 1,
Main characteristics of globalisa...,
Consequences of globalisation les...
23
cards
Balance Of payments
Balance of payments 1,
Current account 2,
Why might the current account be ...
39
cards
Key Equations
Total cost 1,
Average costs 2,
Marginal cost 3
39
cards
supply side policy
Supply side definition 1,
2 types of ssp 2,
Intervention ssp 3
21
cards
employment and unemployment
Unemployment definition 1,
How can unemployment be calculated 2,
Real wage unemployment 3
15
cards
price mechanism
Definition 1,
3 main functions 2,
What does the rationing function ...
15
cards
exchange rates
Definition 1,
Floating exchange rates 2,
Fixed exchange rates 3
21
cards
currency
Currency volitality 1,
Impact of depreciation on inflait...,
Impact of depreciation on economi...
7
cards
marginal, average and total rev
Mr definition 1,
Tr definition 2,
Ar definition 3
8
cards
profit
Profit 1,
Normal profit 2,
3 reasons profit is important 3
5
cards
financial markets, types of banks, monetary policy, regulation
4 functions of money 1,
Money supply 2,
Narrow money 3
28
cards
PED,PES,XED,YED
Yed definition 1,
Yed formula 2,
In most cases yed is 3
5
cards
price determination in a competitive market
Demand 1,
Demand curve shows 2,
Changes in price cause ____ of de...
30
cards
financial markets and monetary policy
Debt finance 1,
Equity finance 2,
Debt 3
6
cards
15 marker bank
Commercial bank defintiion 1,
Commercial bank examples 2,
Investment bank 3
9
cards
efficiency
Where is productive efficiency 1,
What is productive efficiency 2,
Where is allocative efficiency 3
11
cards
Fiscal Policy
Blank 1,
What is fiscal policy 2,
How is g financed 3
44
cards
Supply Side Policy
Supply side policies 1,
Supply side economy 2,
Succesful ssp 3
21
cards
behavioural economics theory
Assumptions of rational decision ...,
What influences decisions 2,
Utility 3
18
cards
utility
Utility 1,
Marginal utility 2,
Maximise satisfcation 3
10
cards
national income date
National income 1,
Limitation of ni date to compare ...,
Ppp 3
5
cards
More about
economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ruby Campbell's economics flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics
- 25 decks
- 1413 flashcards
- 1695 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
Economics (Tina)
- 25 decks
- 741 flashcards
- 6 learners
Decks:
Production Possibility Curves And Opport, Demand Supply And Equilibrium, Government Intervention Micro, And more!
