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Jonathan Hagos
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Decks in this class (11)
Theme 1: Nature of Economics
What sort of science is economics 1,
Why are economic models and theor...,
What is the translation of ceteri...
69
cards
Theme 1: Demand
What does demand mean as an econo...,
What is the relationship between ...,
What is the shape of a demand cur...
55
cards
Theme 1: Supply
When a producer supplies somethin...,
What happens to quantity supplied...,
What is the relationship between ...
31
cards
Theme 1: Price Mechanism
What does equilibrium mean in an ...,
If the price is above the equilib...,
If the price of a product is belo...
12
cards
Theme 1: Consumer and Producer Surplus
What are the three reasons that e...,
What is the marginal benefit curv...,
What is the law of diminishing ma...
15
cards
Theme 1: Indirect Taxation and Subsidies
What is direct tax 1,
What is income tax and what type ...,
What is corporation tax and what ...
26
cards
Theme 1: Market Failure and Government Intervention
What is market failure 1,
List the four types of market fai...,
What are negative externalities 3
54
cards
Theme 1: Government Failure
What are the four types of govern...,
What is government failure 2,
Explain how maximum prices can le...
7
cards
Theme 1: Economy Systems and Thinkers
What are the three different type...,
What is a free market 2,
What is a command economy 3
26
cards
Theme 2: Macroeconomic Models
What are the two ways of measurin...,
What is income 2,
What is wealth 3
13
cards
Theme 1: Frameworks and Exam Questions
What is the oqt framework 1,
What is the consumer producer gov...,
What are the 6 things that you sh...
5
cards
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Economics
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