This class was created by Brainscape user Fred Salcedo. Visit their profile to learn more about the creator.
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Fred Salcedo
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Decks in this class (13)
Behavioral Economics
What is behavioral economics 1,
What 4 factors bound consumer rat...,
What is asymmetric information 3
15
cards
Price Determination in Competitive markets
What are the factors affecting de...,
What is diminishing marginal util...,
What is the price elasticity of d...
25
cards
Production costs and Revenue
2 advantages of specialisation 1,
2 disadvantages of specialization 2,
How can the law of diminsishing r...
7
cards
Perfect, Imperfect markets and Monopoly
What are 2 cons of dissatisfying ...,
Reasons a firm may profit max or ...,
Negatives of profit max revenue m...
39
cards
The Labour Market
What is demand for labour derived...,
What is mrp and its formula 2,
3 criticisms of mrp as a measure ...
30
cards
Distribution of Income Wealth Poverty and Inequality
What is income 1,
What is wealth 2,
3 reasons for differentials in in...
19
cards
Market Mechanism and Government intervention
What is an indirect tax 1,
What is a direct tax 2,
How can subsidy s create a deadwe...
42
cards
Macro Performance
What are the main macro objectives 1,
2 other macro objectives that are...,
3 different measure of gdp 3
59
cards
Financial Markets and Monetary policy
What is a financial market 1,
What are intermediates 2,
What are the 2 types of financial...
46
cards
Fiscal and Supply side policy
4 effects of expansionary fiscal ...,
2 positives of automatic stabiliz...,
2 examples of automatic stabilize...
24
cards
Globalization and Trade
Definition of globalization 1,
2 causes of globalization 2,
4 effects of globalisation 3
30
cards
Exchange Rate Systems and Development
How is the exchange rate determin...,
3 causes of changes in demand and...,
What is a fixed exchange rate 3
27
cards
Micro Examples
Examples of collusive oligopoly 1,
What are opecs guidelines 2,
Negatives of opec 3
34
cards
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Economics
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