This class was created by Brainscape user Ana- Maria. Visit their profile to learn more about the creator.
By:
Ana- Maria
- decks
- flashcards
- learners
Decks in this class (11)
1.1 The Economic Problem
Define scarcity 1,
Allocation of resources 2,
What is the result of humans havi...
48
cards
1.2 Enterprise, Business and the Economy
Define entrepreneur and their role 1,
Define enterprise 2,
Define creative destruction 3
93
cards
1.3 Introducing the market
Define demand 1,
Name 5 factors that influence dem...,
How do substitutes influence dema...
44
cards
1.4 The Role of Banks in the Economy
Define the term bank 1,
Define financial intermediary 2,
How do banks enhance the economy 3
51
cards
1.5 Market Failure and Government Intervention
Define external cost 1,
Define private cost 2,
Define social cost 3
22
cards
1.6 Revenue, Costs, Profits and Cash
What s the formula for sales reve...,
What s the formula for total costs 2,
What s the formula for profit 3
36
cards
4.1 Competition and Market Power
What is the the spectrum of compe...,
Define market structure 2,
What is perfect competition 3
69
cards
4.2 Market Power and Market Failure
Draw the graph for a positive ext...,
Draw the graph for a negative ext...,
Define market failre 3
22
cards
4.3 Market Failure Across the Economy
Define public good 1,
Define non excludable 2,
Define merit good 3
20
cards
4.4 Macroeconomic Policy and impact on firms and individuals
What is the largest component of ...,
Define aggregate supply 2,
Give 4 things that increase long ...
62
cards
4.5 Risk in the Financial Sector
Define shock 1,
Define uncertainty 2,
Define risk 3
56
cards
More about
Economics Paper 1
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ana- Maria's Economics Paper 1 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
biology paper 1
- 34 decks
- 578 flashcards
- 70 learners
Decks:
Biological Molecules Carbohydrates, Biological Molecules Lipids, Biological Molecules Proteins, And more!
Economics- Theme 1
- 27 decks
- 571 flashcards
- 7 learners
Decks:
Theme 1, Bridging Unit, 1 Economics As A Social Science, And more!
Economics
- 25 decks
- 1413 flashcards
- 1695 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
