economics theme 1

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

Decks in this class (24)

1.1.1 Economics as a Social Science
No deck description has yet been added by the author.
5  cards
1.1.2 Positive and Normative Statements
No deck description has yet been added by the author.
8  cards
1.1.3 The economic problem
No deck description has yet been added by the author.
15  cards
1.1.4 Production Possibility Frontiers
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13  cards
1.1.5. Specialization and the devision of labour
No deck description has yet been added by the author.
11  cards
1.1.6 Free market economies, Mixed economy and Command economy
No deck description has yet been added by the author.
21  cards
1.2.1 Rational decision making
No deck description has yet been added by the author.
3  cards
1.2.2 Demand
No deck description has yet been added by the author.
9  cards
1.2.3 Price Elasticity of Demand (PED)
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5  cards
1.2.3 Cross Elasticity of Demand (XED)
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0  cards
1.2.3 Income Elasticity of Demand (YED)
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0  cards
1.2.4 Supply
No deck description has yet been added by the author.
4  cards
1.2.5 Elasticity of Supply
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0  cards
1.2.6 Price determination
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0  cards
1.2.7 Price mechanism
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2  cards
1.2.8 Consumer and producer Surplus
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0  cards
1.2.9 Indirect Taxes and Subsidies
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8  cards
1.2.10 Alternative views of consumer behavior
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6  cards
1.3.1 Types of market failures
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2  cards
1.3.2 Externalities
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17  cards
1.3.3 Public Goods
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10  cards
1.3.4 Information Gaps
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0  cards
1.4.1 Government Interventions in markets
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0  cards
1.4.2 Government Failure
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0  cards

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economics theme 1

  • Class purpose General learning

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