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rianna ludhra
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Decks in this class (29)
1.1 Nature of economics
Define positive statement and giv...,
Define normative statement and gi...,
Define ppf 3
22
cards
1.2 How do markets work
Define rational behaviour 1,
Why is switching from tobacco to ...,
Why is switching from tobacco to ...
34
cards
1.3 Market failure
Define market failure 1,
Define non rival 2,
Define non excludable 3
15
cards
1.4 Government intervention
Define government provision 1,
Define government failure 2,
Define pigouvian tax 3
21
cards
2.1 Measure of economic peformance
Define index number 1,
Difference between gnp and gdp 2,
Define gni 3
45
cards
2.2 Aggregate Demand
Formula for ad 1,
4 reasons why ad curve is downwar...,
Interest rate effect 3
31
cards
2.3 Aggregate Suppply
Define aggregate supply 1,
Define sras 2,
Factors influencing sras greets 3
12
cards
2.4 National income
Define circular flow of income 1,
Define national income 2,
2 equations for multiplier effect 3
8
cards
2.5 Economic growth
Define economic growth 1,
Factors which cause economic grow...,
Define potential growth 3
17
cards
2.6 Macroeconomic objectives
What are demand side policies 1,
What is the treasury 2,
Contractionary monetary policy in...
40
cards
3.1 Business Growth
Why do some firms grow 1,
Why do some firms remain small 2,
Ownership and control in modern i...
45
cards
3.2 Business objectives
What is the condition for profit ...,
What is the condition for revenue...,
What is the condition for sales m...
11
cards
3.3 Revenues, costs & profits
Equation and definition of margin...,
Equation for average revenue 2,
Explain why average fixed costs f...
23
cards
3.4 Market structures
Define economic efficiency 1,
Define productive efficiency 2,
Define allocative efficiency 3
59
cards
3.4.4 Oligopoly
Oligopoly characteristics 1,
How do you know whether an oligop...,
Example of oligopoly 3
22
cards
3.5 Labour markets
What does the demand for labour r...,
What does the demand for labour d...,
Define mrp 3
53
cards
3.6 Government intervention
What is the role of the competiti...,
How do the competition policy imp...,
Explain price regulation 3
19
cards
4.1 A global perspective
Define globalisation 1,
Causes of globalisation 2,
Why is the internet a significant...
39
cards
4.1 A global perspective pt2
Define international trade 1,
Why is infant industries a reason...,
Why is dumping a reason to place ...
55
cards
4.2 Poverty and Inequality
Define absolute poverty 1,
Define relative poverty 2,
Define poverty line 3
28
cards
4.3 Emerging and Developing Economies
Define economic development 1,
What does hdi consist of 2,
Advantages of hdi 3
52
cards
4.4 The Financial Sector
Define financial markets 1,
Examples of intermediaries 2,
Explain the role of financial mar...
29
cards
4.5 Role of the State in the Macroeconomy
Define current expenditure 1,
Define capital expenditure 2,
Define transfer payments 3
65
cards
Micro Theorists
What is the theorist for sales ma...,
Creative destruction 2,
Why did schumpeter argue that per...
27
cards
Macro Theorists
Fishers quantity theory of money 1,
Fishers quantity theory of money ...,
Easterlin paradox 3
56
cards
Macro Data
Why is the end of the cold war a ...,
What is the uk s inflation target...,
Uk s unemployment rate 3
25
cards
Macro chains
Assess the drawbacks of more mncs...,
Explain the costs of a current ac...,
Evaluate explain the costs of a c...
10
cards
Synoptic
Micro influences on economic deve...
1
cards
Consolidation questions
Patterns of trade refer to 1,
A trade weighted index is 2,
Inflation affects exchange rate by 3
27
cards
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Exam practise economics -Rianna
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