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

Decks in this class (42)

Lesson 1- The Economic Problem
Define economics,
Define resources,
Define needs and wants
13  cards
Lesson 2- Economic Assumptions
Define the concept of consumer ra...,
What are some exceptions to this ...
2  cards
Lesson 3- The Demand Curve
Define marker,
Define demand,
Define demand schedule
10  cards
Lesson 4- Factors that may shift the Demand curve
What are other factors that affec...,
What will happen to the demand cu...
2  cards
Lesson 5- The supply curve
Define supply,
Define supply schedule,
What is the law of supply
7  cards
Lesson 6- Factors that may shift the supply curve
What are other factors that affec...,
What are the two indirect taxes a...
2  cards
Lesson 7- The market equilibrium
Define market equilibrium
1  cards
Lesson 8- Price elasticity of demand
Define price elasticity of demand,
What is the formula for ped,
What is price inelastic demand
15  cards
Lesson 9- Price elasticity of supply
Define pes,
How to calculate pes,
What is the value for perfectly i...
9  cards
Lesson 10-Income Elasticity
Define income elasticity of demand,
What is the formula of yed,
Define income elastic
9  cards
Lesson 11- The mixed economy
Define market economy,
What are the features of a market...,
Define a command economy
5  cards
Lesson 12
0  cards
Lesson 13
0  cards
Lesson 14
0  cards
Lesson 15
0  cards
Lesson 16
0  cards
Lesson 17
0  cards
Lesson 18
0  cards
Lesson 19
0  cards
Lesson 20
0  cards
Lesson 21
0  cards
Lesson 22
0  cards
Lesson 23
0  cards
Lesson 24
0  cards
Lesson 25- Economic Growth
What are the two areas that econo...,
Define macroeconomics,
Define microeconomics
14  cards
Lesson 26
0  cards
Lesson 27
0  cards
Lesson 28
0  cards
Lesson 29
0  cards
Lesson 30
0  cards
Lesson 31
0  cards
Lesson 32
0  cards
Lesson 33
0  cards
Lesson 34
0  cards
Lesson 35
0  cards
Lesson 36
0  cards
Lesson 37
0  cards
Lesson 38
0  cards
Lesson 40
0  cards
Lesson 41
0  cards
Lesson 42
0  cards
Defintions
Define resources,
Define goods,
Define services
30  cards

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GCSE Economics

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