This class was created by Brainscape user Ben Taylor-Rose. Visit their profile to learn more about the creator.
By:
Ben Taylor-Rose
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Decks in this class (13)
3.1.1-Economic foundations
What are capital goods,
What are consumer goods,
What are consumers
28
cards
3.1.2-Resource allocation
What are factor markets,
What are product markets,
What is the primary sector
16
cards
3.1.3-How prices are determined
What is a contraction in demand,
What is demand,
What is the demand curve
58
cards
3.1.4-Production, costs, revenue and profit
What are average costs ac,
What are average fixed costs afc,
What is average revenue ar
36
cards
3.1.5-Competitive and concentrated markets
What is a closed economy,
What does diversified mean,
What are market structures
63
cards
3.1.6+3.2.3.4-Market failure
What is government intervention,
What is market failure,
What is a market system
42
cards
3.2-Introduction to macroeconomics
What is the balance of payments bop,
What is the circular flow of income,
What is the current account
21
cards
Economic models
What is aggregate demand,
What is aggregate supply,
What is a boom
28
cards
3.2.1-Introduction to the national economy
What are interest rates,
What is the annual equivalent rat...,
What are some examples of differe...
20
cards
3.2.2-Government objectives
What is the balance of payments bop,
What is conflict,
What is economic growth
88
cards
3.2.3-How the Government Manages the Economy
What is monetary policy,
What is the base rate,
What is a buget deficit
38
cards
3.2.4-International Trade and the Global Economy
What are commodities,
What is an embargo,
What is free trade
54
cards
3.2.5-The Role of Money and Financial Markets
What is a deferred payment,
What is medium of exchange,
What is money
17
cards
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economics
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