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Economics

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

By: Jessica Carrella
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Decks in this class (18)

1.1 Nature Of Economics
Economics 1,
Ceteris paribus 2,
Positive statement 3
35  cards
1.2 How Markets Work
Rational consumer behaviour 1,
Rational firm behaviour 2,
Rational government behaviour 3
63  cards
1.3 Market Failure
Market failure 1,
Externalities 2,
Positive externality 3
30  cards
1.4 Government Intervention
Government intervention 1,
Regulation 2,
Minimum price 3
8  cards
2.1 Measures Of Economic Performance
Economic growth 1,
Sustainable economic growth 2,
Real gdp 3
75  cards
2.2 Aggregate Demand
Aggregate demand 1,
Components of ad 2,
Income effect 3
30  cards
2.3 Aggregate Supply
Aggregate supply 1,
Short run aggregate supply 2,
Long run aggregate supply 3
10  cards
2.4 National Income
Circular flow of income 1,
Income 2,
Wealth 3
15  cards
2.5 Economic Growth
Cause of economic growth 1,
Land 2,
Labour 3
22  cards
2.6 Macroeconomic Objectives
0  cards
4.4 Financial markets
To facilitate saving rofm 1,
Lending to businesses and individ...,
To facilitate the exchange of goo...
22  cards
3.1 Business Growth
Why do firms grow 1,
Disadv of growth 2,
The principal agent problem 3
39  cards
3.2 Business Objectives
Neo classical economists 1,
Profit maximisation 2,
Condition for sr profit maximisat...
5  cards
3.3 Revenues, costs and profits
Revenue 1,
Formula for revenue 2,
Average revenue ar 3
27  cards
3.4 Market structures
Productive efficiency 1,
Where is firm productively effici...,
Allocative efficiency 3
83  cards
4.1 International economics
Globalisation 1,
Characteristics of globalisation 2,
Globalisation cont 3
108  cards
4.2
Absolute poverty 1,
Relative poverty 2,
Secondary poverty 3
3  cards
4.5 Role of the state in the macroeconomy
Capital government expenditure 1,
Current expenditure 2,
Transfer payments 3
5  cards

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Economics

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