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Economics

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

By: Molly Landstrom
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Decks in this class (11)

MICRO 1 - Economic Methodology & the Economic Problem
What is an opportunity cost 1,
What is a normative statement 2,
What is a positive statement 3
29  cards
MICRO 2 - Individual Economic decision making
What do consumers aim to do when ...,
What do firms aim to do when maki...,
What is utility 3
37  cards
MICRO 3 - Price determinations
What is demand 1,
What will cause movements along t...,
Factors effecting the demand curve 3
52  cards
MICRO 4 - Production, costs & revenue
What is production 1,
What is productivity labour produ...,
How can you increase productivity 3
63  cards
MICRO 5 - Market Structures
What is market structure 1,
Factors that distuingish market s...,
Equation for total profit 3
102  cards
MICRO 6 - Market Mechanism, Market Failure and Government Intervention in Markets
What is the price mechanism 1,
What is the price mechanism known...,
What is laissez faire 3
45  cards
MACRO 1 - Measurements of Macroeconomic performance
What do the 4 government objectiv...,
What is the economic growth trend 2,
What type of economic growth do t...
33  cards
MACRO 2 - How the Macroeconomy works
What is national income 1,
Whats is real gdp 2,
What is nominal gdp 3
58  cards
MACRO 3 - Economic Performance
What is short run economic growth 1,
What is long run economic growth 2,
What is potential output 3
60  cards
MACRO 4 - Financial markets & monetary policy
What is the function of money 1,
What are the 4 functions of money 2,
Factors of medium of exchange 3
109  cards
General Definitions
Positive statement 1,
Normative statement 2,
Value judgement 3
304  cards

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Economics

  • Class purpose General learning

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