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Economics

This class was created by Brainscape user Rayaan-Ali Merali. Visit their profile to learn more about the creator.

By: Rayaan-Ali Merali
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Decks in this class (14)

1.1 nature of economics
What is a social science in terms...,
What is ceteris parabus,
What are the 4 economic agents
44  cards
1.2.1 1.2.2 1.2.4 demand and supply
What is demand,
What is the law of demand,
Explain contraction and extension...
15  cards
1.2.3 PED YED XED PES
What is elasticity,
What are the types of elasticity,
What is the price elasticity of d...
26  cards
1.2.6 price determination market equilibrium
What is a free market,
What is equilibrium in supply and...,
What is disequilibrium in supply ...
6  cards
1.2.7 Price mechanism
What is price mechanism what does...,
What are the main functions on pr...,
What is signalling
5  cards
1.2.8 consumer and producer surplus
What is consumer surplus,
Where is consumer surplus located...,
What is producer surplus
5  cards
1.2.9 indirect tax and subsides
What is indirect tax what does it do,
What is direct tax,
What is the purpose of indirect tax
23  cards
2.1 Measures Of Economic Performance
What are the 4 indicators of econ...,
What does economic growth refer to,
What does unemployment refer to
40  cards
2.2 Aggregate Demand
Whats is aggregate demand,
Describe an aggregate demand curve,
Why does the ad curve take this s...
40  cards
2.3 Aggregate Supply
What is aggregate supply,
What is short run as,
What is one feature of the as curve
11  cards
2.3 keynesian graph
What is keynesian view of lras,
What does keynesian theory sugges...,
True or false in the keynesian mo...
8  cards
2.4.3 Equilibrium level of real national output
How does macroeconomic equilibriu...,
What is short run macroeconomic e...,
What is long run macroeconomic eq...
7  cards
2.4.4 multiplier effect
What is the multiplier effect,
What is the multiplier ratio,
Explain the multiplier process wh...
14  cards
2.5 economic growth 2.5.3
What is a economic or buisness,
What does an economic cycle look ...,
Give a simple explanation of econ...
8  cards

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Economics

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