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Harry Sroka
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Decks in this class (20)
1.2.3 elasticity of demand
Define ped,
Formula for ped,
What does perfectly in elastic mean
7
cards
1.2.5 elasticity of supply
What is pes,
Influences on price elasticity of...
2
cards
2.1.2 inflation
Define the term inflation,
Why is inflation an important eco...,
How do you calculate inflation
15
cards
2.1.3 (a-c) Unemployment
What is the ilo,
What is the lfs,
What is the claimant count
4
cards
2.1.3 unemployment (d-f)
Structural unemployment,
Frictional unemployment,
Demand deficiency cyclical unempl...
5
cards
2.1.4 Balance of Payments
What is the balance of payments,
What 3 ways is the balance of pay...,
What does the current account con...
4
cards
2.2.5 Net Trade
What is net trade
1
cards
2.5.2 Output gaps
How is actual economic growth mea...,
What is a negative output gap,
What is a positive output gap
3
cards
2.6.1 Possible Macroeconomic objectives
What are the 4 core macroeconomic...,
What are the 3 other macroeconomi...
2
cards
2.6.2 Monetary policy
What is monetary policy its main ...,
What is deflationary fiscal policy,
What is an expasionary policy
5
cards
2.6.2 Fiscal policy
Main aims of fiscal policy,
2 instruments of fiscal policy,
Who controls the fiscal policy
3
cards
2.6.3 Supply Side Policies
What are the two types of supply ...,
What do supply side policies aim ...,
Some more specific examples of ma...
4
cards
2.6.4 Conflicts and tradeoffs between objectives
What is the conflict of policies ...,
What is the conflict of policies ...,
What is the conflict of policies ...
4
cards
Theme 1
What is a positive statement,
What is a normative statement,
What is the basic problem of econ...
59
cards
Theme 3
What is profit maximisation,
Where does revenue maximisation o...,
Where does sales maximisation occur
43
cards
1.3.1 - Types of Market Failure
What is market failure,
What are the 3 types of market fa...
2
cards
1.3.2 - Externalities
What are private costs benefits,
What are social costs benefits,
What are external costs benefits
9
cards
1.3.3 - Public Goods
1
cards
1.3.4 - Infomation gaps
0
cards
2.2.1 The characteristics of Aggregate Demand
Ad sequence
1
cards
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Economics
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