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ECONOMICS - YEAR 1

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

By: Samuel Olamiju
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Decks in this class (13)

TOPIC 1 - NATURE OF ECONOMICS AND MARKETS
What does ceteris paribus mean 1,
What are positive statements 2,
What are normative statements 3
19  cards
TOPIC 2
What is the circular flow of inco...,
What is an injection 2,
What are examples of injections 3
34  cards
TOPIC 1 - MARKETS
What are the functions of money 1,
What is medium of exchange 2,
What is unit of account 3
23  cards
MACRO EQUILIBRIUM ANALYSIS - TOPIC 2
What is ad 1,
What is the formula for ad 2,
What is consumption 3
26  cards
TOPIC 3 - ELASTICITY
What is ped 1,
What is ped and its determinants 2,
What are the determinants of pes 3
29  cards
TOPIC 3 - FISCAL POLICIES
What is a fiscal policy 1,
What is capital expenditure 2,
What is current expenditure 3
41  cards
TOPIC 4 - TAXES, SUBSIDIES AND INCIDENCE
What is a direct tax 1,
What is an indirect tax 2,
What are the 2 types of indirect ...
12  cards
MARKET FAILURE AND GOVT FAILURE
What is market faiilure 1,
What are the different types of m...,
What is irrational behaviour 3
79  cards
MONETARY POLICIES
What is a monetary policy 1,
What is the govt target for monet...,
What is a central bank 3
40  cards
ECONOMIC GROWTH
What is economic growth 1,
What is actual economic growth 2,
What is potential economic growth 3
33  cards
ECONOMIC THINKERS
What is the invisible hand 1,
Why is specialisation important t...,
What r the problems of capitalism...
12  cards
INFLATION
What is inflation 1,
What r the ways of measuring infl...,
When is cpi used 3
28  cards
UNEMPLOYMENT
What is unemployment 1,
What r the 2 ways of measuring un...,
Why is there a difference between...
12  cards

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ECONOMICS - YEAR 1

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