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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 (8)

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 How Markets work
What is demand,
What is the law of demand,
Explain contraction and extension...
15  cards
1.2.3 PED YED XED
What is elasticity,
What are the types of elasticity,
What is the price elasticity of d...
21  cards
1.2.7 Price mechanism
What is price mechanism what does...,
What are the main functions on pr...,
What is signalling
5  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...
39  cards
2.3 Aggregate Supply
What is aggregate supply,
What is short run as,
What is one feature of the as curve
11  cards
2.4.3 Equilibrium level of real national output
How does macroeconomic equilibriu...
1  cards

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Economics

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