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m q
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Decks in this class (16)
Economic basics Topic 1 - The Basic Economic Problem
What is scarcity 1,
What are needs 2,
What are wants 3
30
cards
Economic basics Topic 2 - Production
What are factors of production 1,
Land 2,
Labour 3
21
cards
Economic Basics Topic 3 - Productivity
Production 1,
Productivity 2,
Labour productivity 3
10
cards
Economics topic 4 - Costs, revenues and profits
Profit 1,
Revenue 2,
Total costs 3
12
cards
Economics Topic 5 - economies and diseconomies of scale
What is average cost 1,
Output 2,
Economies of scale 3
21
cards
Economics topic 7 Competition
What do firms in competitive mark...,
Why do firms in competitive marke...,
Why do firms in competitive marke...
15
cards
Monopolies and Oligopolies
Monopoly 1,
Pure monopoly 2,
Natural monopoly 3
24
cards
Mixed economy
What is the private sector 1,
What is the public sector 2,
What are shareholders 3
31
cards
Demand
What is a market 1,
Demand 2,
Market demand 3
20
cards
Supply
Market 1,
Supply 2,
Law of supply 3
9
cards
elasticities
Ped 1,
If a good is price elastic how ca...,
Ped 3
8
cards
Externalities
Externality 1,
Market failure 2,
Government encourage goods with p...
5
cards
Macroeconomics
6 economic objectives 1,
Economic growth 2,
Gross domestic product 3
24
cards
Macroeconomic policies and conflict of objectives
Monetary policies 1,
Expansionary monetary policy 1,
Contractionary monetary policy 2
13
cards
Globalisation
Globalisation 1,
Interdependence 2,
Mncs 3
9
cards
Exchange rates
Exchange rate 1,
Foreign exchange market 2,
Interest rates 3
10
cards
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Economics
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