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Economics

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

By: Charlotte Millington
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Decks in this class (14)

Glossary Definitions
Absolute advantage 1,
Absolute poverty 2,
Accelerator theory 3
527  cards
Real-world examples
Healthcare funding issues in afri...,
How has the financial crisis affe...,
James dyson 3
38  cards
AS Unit 1: Basic Economic Ideas and Resource Allocation
Economics key concepts 1,
The basic economic problem 2,
Opportunity cost 3
48  cards
AS Unit 2: The Price System and the Microeconomy
The price mechanism and markets 1,
Demand 2,
The demand curve 3
59  cards
AS Unit 3: Government Microeconomic Intervention
Market failure 1,
What are the 4 ways market failur...,
Addressing the non provision of p...
31  cards
AS Unit 4: The Macroeconomy
National income statistics 1,
Gross domestic product 2,
Gross national income 3
76  cards
AS Unit 5: Government Macroeconomic Intervention
Price stability 1,
Low unemployment 2,
Economic growth 3
57  cards
AS Unit 6: International economic issues
Absolute advantage 1,
Comparative advantage 2,
What is free international trade 3
75  cards
AL Unit 7: The Price System and the Microeconomy
Utility 1,
Total utility 2,
Marginal utility 3
118  cards
AL Unit 8: Government Microeconomic Intervention
Specific and ad valorem indirect ...,
Subsidies 2,
Maximum price controls 3
62  cards
AL Unit 9: The Macroeconomy
The multiplier 1,
Calculation of the multiplier 2,
Average propensity to consumer an...
94  cards
AL Unit 10: Government Macroeconomic Intervention
Interrelatedness of macroeconomic...,
Government macroeconomic policy o...,
The relationship between the inte...
30  cards
AL unit 11: International Economic Issues
International aid 1,
Forms of international aid 2,
Reasons for international aid 3
99  cards
Unit 7 20 markers
Assumptions of indifference curves 1,
What does an indifference curve s...,
What does a budget line show 3
14  cards

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Economics

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