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T Nguyen
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Decks in this class (16)
Production Possibility Curves and Opportunity Cost
Opportunity cost,
Production possibilities curve pp...,
Changes in the ppc
17
cards
Demand, Supply and Equilibrium
Demand,
The law of demand,
Non price determinants for shifts...
47
cards
Government Intervention (Micro)
Types of government intervention ...,
Taxes,
Why do governments impose reduce ...
41
cards
Elasticities
What is elasticity,
Price elasticity of demand ped,
Graph of elasticities
15
cards
Theory of Firms (Costs Theory)
Law of diminishing returns,
Short run,
Long run
39
cards
Market Failure
Define technical efficiency,
Define allocative efficiency,
Define 2 characteristics of publi...
28
cards
Perfect Competition
Characteristics of perfect compet...,
Shape of the demand curve in perf...,
Short run
18
cards
Monopolistic Competition
Characteristics of monopolistic c...,
Demand curve,
Short run
12
cards
Economics Integration
Economic integration,
Trading bloc,
Bilateral trade agreements
14
cards
Trade, Free Trade and Protectionism
Dumping,
Protectionism,
Reasons for free trade
29
cards
Exchange Rates and Calculations
Exchange rates,
Exchange rate index,
Fixed pegged exchange rate system
20
cards
Balance of Payments
Balance of payments,
What is a stock,
What is a share
31
cards
Monopoly
Characteristics of monopoly,
Monopolies are able to restrict e...,
Sometimes it is difficult to ente...
25
cards
Introduction to Macro (GDP, GNI, Business Cycle)
Gross domestic product gdp,
What are the 5 macreconomic objec...,
Three methods of calculating gdp
38
cards
Aggregate Demand and Supply
Aggregate demand,
From the ib syllabus determinants...,
Shifts in aggregate demand determ...
19
cards
Macroeconomics Government Policies
Government policies,
Fiscal policy,
Expansionary fiscal policy
9
cards
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Economics (vicky)
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