This class was created by Brainscape user Tom Berg. Visit their profile to learn more about the creator.
By:
Tom Berg
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Decks in this class (11)
1 Economic methodology and the economic problems
Market definition 1,
Normative statement definition 2,
Positive statement definition 3
35
cards
2 price determination in a competitive market
Competitive market definition 1,
Equilibrium price definition 2,
Supply definition 3
105
cards
3 production, costs and revenue
Production definition 1,
Short run production definition 2,
Long run production definition 3
35
cards
4 competitive and concentrated markets
Market structure definition 1,
Price taker definition 2,
Price maker definition 3
23
cards
5 The market mechanism, market failure and government intervention in markets
Signalling function of prices def...,
Incentive function of prices 2,
Rationing function of prices defi...
40
cards
6 the measurement of macro economic performance
What are the 4 main macroeconomic...,
Short run economic growth definit...,
Slack economic definition 3
36
cards
7 how the macroeconomy works
National capital stock definition 1,
Wealth definition 2,
National income definition 3
39
cards
8 economic performance
Economic recovery definition 1,
Demand side economic growth defin...,
Supply side econoic growh definit...
52
cards
9 macroeconomic policy
Inflationary rate target definiti...,
Monetary policy committee definit...,
Bank rate definition 3
17
cards
ezy econ
Internal costs benefits 1,
Private costs 2,
Private costs 3
81
cards
graphs
Philips curve 1,
What types of unemployment exist ...,
Supply side policy 3
8
cards
More about
Economics From the book
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