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edexcel economics (as)

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

By: James Gibson
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Decks in this class (10)

[1.1] Nature of Economics
What is meant by ceteris paribus,
Why do economists use models as o...,
What is a positive statement
31  cards
[1.2] How Markets Work
In economics what two assumptions...,
What is demand,
What is the law of demand
49  cards
[1.3] Market Failure
What is a market failure,
What are the three main types of ...,
What is the difference between pr...
15  cards
[1.4] Government Intervention
What are the three primary method...,
What are the four secondary metho...,
What is government failure
9  cards
[2.1] Measures of Economic Performance
What is nominal gdp,
What is the difference between to...,
What is gross national product gnp
50  cards
[2.2] Aggregate Demand (AD)
How is aggregate demand calculated,
What is the largest component of ...,
What is the second largest compon...
29  cards
[2.3] Aggregate Supply (AS)
What is aggregate supply,
Why is the aggregate supply curve...,
What is short run aggregate supply
16  cards
[2.4] National Income
What is the difference between in...,
What are the injections into the ...,
What are the withdrawals out of t...
6  cards
[2.5] Economic Growth
0  cards
[2.6] Macroeconomic Objectives and Policies
0  cards

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edexcel economics (as)

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