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

Decks in this class (27)

Week 1 - Intro to Economics
What is economics 1,
Scarcity principle 2,
Cost benefit principle 3
8  cards
Week 2 - Markets, Supply and Demand
Demand curve 1,
Giffen good 2,
Substitution effect 3
22  cards
Week 3 - Elasticity
Price elasticity of demand 1,
Price elasticity of demand formul...,
Values of price elasticity of dem...
20  cards
Week 3 - Efficiency
Consumer surplus 1,
Producer surplus 2,
Total economic surplus 3
9  cards
Week 4 - Consumer Theory
Consumption bundle 1,
What factors determine how good a...,
How are consumption bundles repre...
31  cards
Week 5 - Producer Theory
Profit 1,
Profit formula 2,
Explicit cost 3
48  cards
Week 6 - Perfectly Competitive Market
Perfectly competitive market 1,
Monopoly 2,
Monopsony 3
15  cards
Week 7 - Monopoly
Perfect competition 1,
Imperfect competition 2,
Types of imperfect competition 3
20  cards
Week 8 - Game Theory
What is game theory 1,
Strategic situation 2,
Non strategic situation 3
24  cards
Week 9 - Oligopoly and Monopolistic Competition
Oligopoly 1,
Cartel 2,
Why do cartels work 3
20  cards
Week 10 - Labour Markets
What does the labour supply curve...,
How to find optimal distribution ...,
Income effect in labour markets 3
26  cards
Week 11 - Risk, Asymmetric Information + International Trade
Difference between risk and uncer...,
Expected value 2,
Lottery 3
21  cards
Week 12 - Externalities and Public Goods
Externality 1,
Positive externality 2,
Negative externality 3
11  cards
Week 13 - Intro to Macroeconomics
What is the difference between ma...,
What are the 2 branches of macroe...,
What are the major macroeconomic ...
32  cards
Week 14 - GDP
How does real gdp allow for measu...,
Gross domestic product gdp 2,
Criticisms of gdp 3
27  cards
Week 14 - Unemployment
What employment sections can a co...,
Employed 2,
Unemployed 3
28  cards
Week 15 - Inflation
Price index 1,
Consumer price index cpi 2,
Calculating cpi 3
32  cards
Week 16 - Chapter 19: Economic Growth
What does real gdp per person rep...,
Why can gdp per person be used to...,
Finding real gdp per capita person 3
36  cards
Week 17 - Chapter 20: Labour Market, Inequality and Unemployment
Trends in the labour market 1,
Labour market 2,
Wages and demand for labour 3
33  cards
Week 18 - Chapter 21: Saving, Capital Formation
Chapter 21
30  cards
Week 18 - Chapter 23: Financial Markets
Chapter 23
20  cards
Week 19 - Chapter 22: Money and Prices [WIP]
Money 1,
Reason for money 2,
Wealth 3
50  cards
Week 20 - Chapter 24: Short Term Fluctuations
Business cycle 1,
Recession contraction 2,
Depression 3
21  cards
Week 21 - Chapter 25: Spending and Output
The keynesian model 1,
When will firms change prices 2,
How has technology reduced menu c...
18  cards
Week 21 - Chapter 25: Fiscal Policy
Stabilisation policies 1,
Expansionary and contractionary p...,
What are the two major tools of s...
13  cards
Week 22 - Chapter 26: Monetary Policy + The Fed
Fed watch 1,
Monetary policy as a stabilisatio...,
Federal open market committee fomc 3
39  cards
Week 24 - Chapter 27: Aggregate demand and supply models
Aggregate demand ad curve 1,
Why does the ad curve slope downw...,
Movements along the ad curve 3
18  cards

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Economics

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