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Decks in this class (44)
Microeconomics year 1
What is the basic economic problem,
Another word for resources,
What are the four factors of prod...
47
cards
Year 1 micro - different types of markets
What is a market economy,
What is a command economy,
What is a mixed economy
22
cards
Year 1 Microeconomics - Elasticity
What is ped,
Ped equation,
What are the laws of ped
24
cards
Year 1 micro - Market failure
Why are indirect taxes used,
What are indirect tax,
What are direct taxes
51
cards
Year 1 micro - market failure
What are merit goods,
What are demerit goods,
Examples of imperfect information
40
cards
Year 1 micro - government failure
How do trade pollution permits work,
By,
Evaluation points for tradable po...
21
cards
Estonia essay plan
First part of essay,
What is a centrally planned econo...,
What is a free market economy
16
cards
Theme 2 - Macroeconomic objectives
What does tigers stand for,
How does the circular flow of inc...,
What other things can affect the ...
46
cards
Theme 2 - Aggregate demand
What is aggregate demand,
Equation for ad,
What does it mean when the ad dem...
38
cards
theme 2 - Aggregate supply
What is the position of short run...,
What costs of production can affe...,
When there is a shift in sras wha...
22
cards
Unemployment
Define unemployment,
What is working age,
What is the labour force survey
31
cards
Monetary and Fiscal policies
What is fiscal policy,
Types of fiscal policy,
What is expansionary fiscal policy
37
cards
Supply side policies
What are supply side policies,
What are the two types of supply ...,
What do interventionist supply si...
22
cards
balance of payments
What is balance of payment
1
cards
Inflation
What is inflation,
What is disinflation,
What is deflation
37
cards
uk stuff
Uk direct tax changes in 2020,
Uk welfare reforms with supply si...,
Education reforms
5
cards
Subjective happiness and the Easterlin Paradox
What is subjective happiness,
Factors that may affect subjectiv...,
What is the easterlin paradox
3
cards
Quantitative easing
When is qualitative easing used,
Why might monetary policy have fa...,
How does qualitative easing work
5
cards
Conflict of objectives
What does the short run phillips ...,
Why would wage growth increase wh...,
Explain the phillips curve
17
cards
definitions and need to knows
What is economics,
Ceteris paribus,
Positive statements
79
cards
macro data for 2024
Growth in q1 of 2024,
Potential growth is 2024,
Negative output growth
19
cards
PPF
production possibility fontier
17
cards
more p2 stuff
Mpc equation,
Income,
Gfc demand side policies
13
cards
Theme 3 - Labour markets
What is supply of labour,
What is demand of labour,
Things that can affect the supply...
32
cards
Theme 3 - Labour markets
What does mrp tell workers and firms,
Limitations of mrpl,
What is the elasticity of labour ...
11
cards
Theme 3 - Labour markets
What is labour supply,
How does the nature of skills req...,
How does the length of training a...
35
cards
Business growth - Costs
What is the law of diminishing re...,
Marginal productivity equation,
What is average productivity
29
cards
Business growth
Types of firms,
Sizes of firms,
Why is profit maximisation the ob...
45
cards
Theme 3 - market structures
What is the shutdown condition wh...,
What is the breakeven condition,
When should firms completely shut...
40
cards
Financial markets
financial markets
43
cards
Financial markets 2
What is a money market,
Why does the demand curve slope d...,
Why is the money supply curve ver...
34
cards
Bank failure/financial market failure
Reasons for bank failure,
Chain of analysis for how bank ru...,
How does insolvency lead to bank ...
36
cards
Finanial markets - regulation
When is regulation needed,
Bank of england regulatory bodies,
Summarise the financial policy co...
9
cards
Theme 4 - Globalisation and Trade
What is globalisation,
Causes of globalisation,
Benefits of globalisation
36
cards
Theme 4 - Trade and protectionism
What is absolute advantage,
What does comparative advantage s...,
For each country to be able to ex...
28
cards
Theme 4 - Balance of payments
What is the balance of payments,
What does the current account con...,
What does the capital account con...
19
cards
Autumn budget figures
Bus fare increase,
National minimum wage figures,
Changes in income tax
16
cards
Monopolies and oligopolies
What is the nash equilibrium,
What is a dominant strategy,
Impacts of game theory
41
cards
Theme 4 - exchange rates
What are exchange rates,
How are floating exchange rates d...,
Why might a currency appreciate
26
cards
Theme 4 - Poverty and inequality
What is income,
What are wages,
What are assets
30
cards
Theme 4 - international competitiveness
What is international competitive...,
Things that determine a countries...,
Measures of competitiveness
7
cards
Theme 4 emerging economics
Den s definition of economic deve...,
Todaro definition of economic dev...,
Why is growth beneficial for deve...
19
cards
Multiplier and acceleration effect
What is the multiplier effect,
What is the acceleration effect,
Multiplier equation
12
cards
monopsony
What is a monopsony,
Features of a monopsony,
Describe the effect of a monopson...
12
cards
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Economics A level Edexcel A
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