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Economics Revisin

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

By: Eddie Sutton
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Decks in this class (21)

Theme 1: Nature Of Economics
Economic problem 1,
What is opportunity cost 2,
What was adam smiths philosophy 3
7  cards
Theme 1: How Markets Work
Economic objectives of producers 1,
Economic objective of consumers 2,
Economic objective of government 3
17  cards
Theme 1: Market Failure
Types of market failure 1,
Externalities types 2,
Goverment intervention 3
6  cards
Theme 1: Government Intervention
Advantages of indirect taxation 1,
Disadvantages of indirect taxation 2,
Advantages of subsidies 3
15  cards
Theme 2: Measures Economic Perfomence
What are the types of gdp 1,
What is purchasing power parity 2,
Limitations of gdp 3
18  cards
Theme 2: Aggregate Demand
Components of aggregate demand 1,
Disposable income influence on sp...,
Relationship between savings and ...
9  cards
Theme 2 : Aggregate Supply
Short run and long run as 1,
Difference between keynsian and c...,
Factors influencing the long run ...
3  cards
Theme 2: National Income
Circular flow of income 1,
Income and wealth 2,
Impact of injections and withdraw...
3  cards
Theme 2: Economic Supply
Causes of economic growth short r...,
Causes of long term economic grow...,
Negative output gap 3
4  cards
Theme 2: Macroeconomic Objectives And Policies
0  cards
Theme 3: Buisness Growth
Internal growth 1,
Horizontal intervention 2,
Organic growth 3
7  cards
Theme 3: Buisness Objectives
Revenue max 1,
Sales max 2,
Profit maximising 3
5  cards
Theme 3: Revenues Costs Profits
Diminishing returns 1,
Economies of scale 2,
Shutdown points 3
3  cards
Theme 3: Market Structure
Dynamic efficiency 1,
Productive efficiency 2,
X efficiency 3
14  cards
Theme 3: Labour Markets
Demand for labour 1
1  cards
Theme 3 : Goverment Intervention
0  cards
Theme 4: International Economics
Absolute advantage 1,
Comparative advantage 2,
Limitations of comparative advant...
4  cards
Theme 4 : Poverty And Inequality
0  cards
Theme 4 : Emerging And Developing Economies
0  cards
Theme 4: The Financial Sector
0  cards
Theme 4 : Role Of The State In The Economy
0  cards

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Economics Revisin

  • Class purpose General learning

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