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kei Unknown
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Decks in this class (11)
topic 1: economic methodology and the economic problem
What is ceteris paribus 1,
What are positive statements 2,
What are normative statements 3
21
cards
topic 3 : price determination in a competitive market
What does the demand curve illust...,
What are the two main theories th...,
What are substitute goods 3
43
cards
topic8: market mechanism, market failure and government intervention in markets
What does the price mechanism det...,
3 main functions to allocate reso...,
Advantages of price mechanism 3
64
cards
macro topic1 : measurement of macroeconomic performance
The government has four main macr...,
Additional macro economic objecti...,
Potential conflicts and trade off...
30
cards
macro topic 2: how the macroeconomy works, circular flow of incomr, AD - AS analysis
National income 1,
Circular flow of income represents 2,
Withdrawals of income 3
53
cards
macro topic 3 economic performance
When does an output gap occur 1,
A negative output gap occurs when 2,
A positive output gap occurs when 3
67
cards
topic 4 production costs and revenue
Productivity is calculated by 1,
Being more productive means 2,
Being less productive means 3
64
cards
macro topic 4 financial markets and monetary policy
Characteristics and functions of ...,
Near money 2,
The money supply is 3
56
cards
macro topic 5 : fiscal and supply side policies
Fiscal policy involves the use of 1,
Fiscal policy instruments 2,
What does fiscal policy aim to st...
59
cards
micro economics equations
Marginal utility 1,
Price elasticity of demand ped 2,
Income elasticity of demand yed 3
63
cards
macro economics equations
Real gdp 1,
Gdp per capita 2,
Multiplier 3
31
cards
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Economics
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