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Yau Bruce
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Decks in this class (12)
1 - Demand
What is scarcity,
What is resource allocation,
Objectives of the 3 economic agen...
20
cards
2 - Nature of Economics
Define economics,
Define microeconomics,
Define macroeconomics
18
cards
3 - Supply
Define supply,
Define firm,
Factors conditions of supply
19
cards
4 - Market Failure
Define market failure,
Define externality,
Define private cost
19
cards
5 - Government Intervention
Define government failure,
How can the government intervene ...
2
cards
6 - Government Failure
State the causes of government fa...
1
cards
1.5 - Economic Growth
State the 7 government economic o...,
Define gdp,
Formula for real gdp
15
cards
2.5 - Full Employment
Define in employment,
Define unemployed,
Define economically inactive
11
cards
4.5 - Agreggate Demand
Components of aggregate demand,
Reasons why ad is downward slope,
Define consumption and its compon...
7
cards
3.5 - Inflation
Define inflation,
How is inflation measured,
How does cpi help economic agents
16
cards
5.5 - Aggregate Supply
Define aggregate supply,
Define short run,
Define long run
7
cards
6.5 - Monetary Policy
0
cards
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Economics Year 1
- Class purpose General learning
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