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Raunaq Mohammad
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Decks in this class (22)
Macro 13 - Specialisation and Trade
What is the relationship between ...,
What does the choice of specialis...,
What do the uk china and germany ...
23
cards
Macro 14 - Restrictions on free trade and trading blocs
Define the term free trade,
What are the reasons for restrict...,
Define the term dumping
35
cards
Macro 15 - Exchange rates
What are the three different exch...,
What is a floating exchange rate,
How is an exchange rate determine...
29
cards
Macro 16 - Balance of Payments
What is the balance of payments,
What are the three parts of the b...,
What are the four parts of the cu...
24
cards
Macro 17 - International Competitiveness
Define the term international com...,
What are the two ways of measurin...,
What are relative unit labour costs
15
cards
Macro 18 - Poverty and Inequality
Define the term absolute poverty,
Define the term relative poverty,
What type of poverty is most pove...
31
cards
Macro 19 - Development Issues
Define the term economic growth,
What is economic development,
What are the key elements of econ...
37
cards
Macro 20 - Strategies for growth and development
What are the three different type...,
Give some examples of market orie...,
Give some examples of interventio...
40
cards
Macro 21 - The Financial Sector
What is the general role of finan...,
What are the four specific roles ...,
What are the 5 types of market fa...
5
cards
Macro 22 - Globalisation
What are the factors contributing...,
Define globalisation,
What are the general impacts of g...
9
cards
Micro 15 - Costs and Revenues
Define total revenue tr,
State the formula used to calcula...,
Define average revenue ar
31
cards
Micro 16 - Profits and losses
Define profit,
State the formula for calculating...,
What is profit maximisation as an...
50
cards
Micro 17 - Business Growth
Define the term industry,
What are not for profit firms,
Why do firms exist
37
cards
Micro 18 - Business objectives and Economic efficiency
What is a shareholder,
What rights does a shareholder of...,
What would a shareholder lose if ...
32
cards
Micro 19 - Perfect competition and Monopolistic competition
What are barriers to entry,
What are incumbent firms,
The greater the barriers to entry
31
cards
Micro 20 - Oligopoly, collusion and concentration ratios
What are the two ways of measurin...,
What is market size by volume,
What is market size by value
40
cards
Micro 21- Monopoly
What is a pure monopoly,
What is a monopolist,
What are the characteristics of a...
36
cards
Micro 22 - Contestable Markets
What does contestable market theo...,
What is a contestable market,
What are the four main features o...
8
cards
Micro 23 - Monopsony
What is a monopsony,
When does monopsony power exist,
What are the two main benefits of...
6
cards
Micro 24 - Government Intervention
0
cards
Micro 25 - Supply and Demand for labour
What are the four conditions that...,
What are the five factors that th...,
What is the market clearing wage ...
4
cards
Micro 26- Issues in the labour market
What is market failure in the lab...,
What is geographical immobility o...,
What are some policies used to al...
4
cards
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Edexcel A Economics Themes 3 and 4
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