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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 (17)

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
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
3.1 Business Growth
Why do firms grow 1,
Disadv of growth 2,
The principal agent problem 3
39  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
4.3 Emerging economies
Economic development 1,
Developed country 2,
Developing country 3
60  cards
4.4 Financial markets
To facilitate saving rofm 1,
Lending to businesses and individ...,
To facilitate the exchange of goo...
22  cards
4.5 Role of the state in the macroeconomy
Capital government expenditure 1,
Current expenditure 2,
Transfer payments 3
73  cards
3.6 Government intervention
Cma 1,
Controlling mergers 2,
Aim of controlling mergers 3
31  cards

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Economics

  • Class purpose General learning

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