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Economics - Both Years

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

By: Chris Man
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Decks in this class (13)

(1) Chapter 1 - The Economic Problem
What is the basic economic problem 1,
What is a need 2,
What is a want 3
16  cards
Individual Economic Decision Making
Define bounded rationality 1,
Define bounded self control 2,
Define rule of thumb 3
13  cards
(1) Chapter 2 - Price Determination in a Competitive Market
What is a competitive market 1,
What is equilibrium price 2,
What is supply 3
44  cards
(1) Chapter 3 - Production, costs and Revenue
Define production 1,
Define short run production 2,
Define long run production 3
19  cards
(1) Chapter 4 - Competitive and Concentrated Markets
Define market structure 1,
Define a price taker 2,
Define a price maker 3
27  cards
(1) Chapter 5 - The Market Mechanism, Market Failure and Government Intervention in Market
What are the 4 functions of price 1,
Define signalling function of pri...,
Define incentive function of pric...
31  cards
(1) Chapter 6 - The measurement of macroeconomy performance
What is macroeconomics 1,
What is a policy objective 2,
What are the main policy objectiv...
34  cards
(1) Chapter 7 - How the macroeconomy works
Define wealth 1,
What is national wealth 2,
Define national income 3
28  cards
(1) Chapter 8 - Economic Performance
Define economic performance 1,
What is economic recovery 2,
Define demand side 3
25  cards
(1) Chapter 9 - Macroeconomic Policy
What is a policy instrument 1,
What is the bank of england 2,
What is inflation rate target and...
39  cards
(2) Chapter 3 - Perfect Competition, Imperfectly Competitive Markets and Monopoly
What are artificial barriers 1,
What is product differentiation 2,
What is the profit maximisation r...
18  cards
(2) Chapter 4 - The Labour Market
What determines a firms demand fo...,
What 4 determinants of labour dem...,
What 4 factors determine the elas...
3  cards
Poverty And Inequality
Define income 1,
Define wealth 2,
What are the factors leading to u...
6  cards

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Economics - Both Years

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