This class was created by Brainscape user Zehaab Zaheer. Visit their profile to learn more about the creator.
By:
Zehaab Zaheer
- decks
- flashcards
- learners
Decks in this class (47)
Validation
What is market effiency,
What does demand curve show,
What does supply curve show
37
cards
f
Defintion of market effieicnecy,
Positive externalites and negativ...,
What role does gov do when there ...
4
cards
2. Intro to Economics
What is economic problem,
What 2 concerns does economics de...,
To help solve consumers choices a...
19
cards
3. Production Possibility Frontier
What is oppurtunity cost,
What is ppf,
What does ppf assume
9
cards
1. Shift in Supply and Demand
Where does demand supply shift wh...,
What are the 4 types of goods,
What are 2 types of changes in de...
10
cards
1. Elasticity Intro
What is elastic demand,
What is inelastic prodcuts,
Examples of elastic products
16
cards
3. Price Elasticity of Supply
Determinants of price elasticity ...,
If supply is elastic,
If supply inelastic
11
cards
SEM 1 DEFINITIONS
Barriers to entry,
Complementary goods,
Ceterus paribus
38
cards
S.Intro to Econ
What is the law of demand,
What is substitution effect,
What is income effect
7
cards
S Demand
What is the law of demand,
Effect of change of price on mode...,
Non price factors affecting demand
4
cards
Exam Revision Semester 1
What is income effect,
Example of income effect,
What is substituition effect
72
cards
rr
4 different type of goods,
What do private goods have to hav...,
What do club goods have to have p...
5
cards
Circular Flow of Income
What does macroeconomics study,
What does circular flow of income...,
What are the focuses of macroecon...
32
cards
PPF
What does the production possibil...,
What concept does the ppf model h...,
What does the ppf illustrate rega...
25
cards
APF
Dd,
What is the aggregate production ...,
How does the law of diminishing r...
15
cards
Inflation
What is inflation,
What is the opposite of inflation,
How is inflation measured
14
cards
Economic Growth
What are potential and actual eco...,
What are the 3 p s that contribut...,
How does population growth contri...
10
cards
Circular Flow of Income Real
What percentage of gdp does consu...,
How much of the final value is co...,
What is consumption expenditure
33
cards
Revision for Tsk 5
24
cards
Business Cycle
What does business cycle depict,
4 phases of business cycle,
What is output defined as
18
cards
2. Business Cycle
What is an economic indicator def,
Economic indicator examples,
What does economic indicator indi...
14
cards
1. Unemployment
What does unemployment rate reflect,
How to get unemplyment info,
Labour force def
13
cards
2. unemployment
Participation rate formula,
Full employment,
3 types of unemplyment
6
cards
unemplyment types
Frictional unemploymen,
How many ppl changed thier jobs f...,
Causes of frictional unemplyment
8
cards
effects of gdp and nru
Natural rate of unempyment fromual,
Natural rate of unemplyment,
Why is the unemployment rate neve...
12
cards
Business Cycle and Unemployment Revision
What is the business cycle,
What are indicators of macroecono...,
How have recent events impacted t...
12
cards
phillips curve
What is phillips curve,
Phillip curve,
3
cards
INTRO TO ECON
Q why does the economic problem e...,
What are the three fundamental qu...,
Give three examples of choices yo...
17
cards
opportunity cost/ppf
What is opportunity cost,
What does the production possibil...,
Why is the ppf typically curved o...
10
cards
elasticity of demand
How to calc ped,
Midpoint method,
What does the law of demand state
13
cards
price of elasticty of supply
What is price elasticity of suppl...,
What characterizes elastic supply,
What information does pes provide...
9
cards
Price discrimnation and gov tax
What is price discrimination,
Why might businesses use price di...,
Why are female haircuts considere...
9
cards
consumer and surplus intro
What is market efficiency,
What does an efficient market mea...,
How do economists relate the term...
14
cards
Market Efficiency
What is economic efficiency,
How do competitive markets relate...,
When is a market in equilibrium
19
cards
Market Efficiency pt2
What does market efficiency mean ...,
What does it mean if an economic ...,
Define marginal analysis in econo...
5
cards
Market Failure Market Power
When does market failure occur,
What are the characteristics of a...,
What are the four main types of m...
10
cards
Externalities
What is an externality,
Give three examples of negative e...,
What is an example of a positive ...
11
cards
GOODS
What does rivalry in goods mean,
What is excludability in the cont...,
Define a private good and give an...
7
cards
INTRO TO MACRO
What does macroeconomics study,
What is the role of households in...,
What does the circular flow of in...
26
cards
Economic Growth
Dp percent change formula,
Gdp perc cnahge formula,
How is economic growth defined
11
cards
PPF/AFP
Method 1 inflation rate,
Method 2 inflation rate,
What is inflation
22
cards
DETERMINANTS OF ECONOMIC GROWTH
What is the difference between po...,
What is the 3 p s framework for p...,
What percent of australia s popul...
16
cards
UNEMPLOYMENT
What is an economic indicator,
Name the three types of economic ...,
What are leading indicators
27
cards
eFFECTS OF gdp and nru
What is the lowest unemployment r...,
Why is unemployment never zero,
When can cyclical unemployment be...
10
cards
ROLE OF GOVERNMENT
Why does the government intervene...,
Why does the government provide p...,
What are examples of public and m...
13
cards
INCOME AND WEALTH REDISTRIBUTION
What is income,
What is wealth,
What is private income
6
cards
gov and taxes
What is a direct tax,
Examples of direct taxes,
What is an indirect tax
13
cards
More about
Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Zehaab Zaheer'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
- 1549 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
HSC Economics
- 39 decks
- 1014 flashcards
- 149 learners
Decks:
Yr 11 Economic Growth Development, Yr 11 Globalisation Market Failures, Yr 11 Inequality Unemployment, And more!
