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

Decks in this class (16)

The Nature of Economics
Microeconomics,
Macroeconimics,
Scarcity
7  cards
Intro part 2: Production possibilities curves
Free goods,
Economic goods,
Production possibility chart
9  cards
Intro part 3: Basic econimics
Basic economic question 1,
Basic economic question 2,
Basic economic question 3
10  cards
Intro into part 4: The Methods of Economics
Positive statements,
Normative statements,
Positive economics
7  cards
2.2 Demand
Learning outcomes,
Demand schedule why dies demand s...,
Demand
9  cards
2.3 Supply
Supply,
Why supply slopes up,
Law of supply
8  cards
Market structures
Learning outcomes,
Factors that effect pricing and t...,
Market structures perfect competi...
7  cards
Income elasticity
0  cards
Elasticity of Demand
Learning outcomes,
Elasticity of demand,
Types of elasticity
5  cards
7.1 Introduction to firms, industries and market structures.
Market power,
Perfect competition,
Monopoly
13  cards
Market failure
Factors of productions,
Allocative efficiency,
Marginal cost
23  cards
Macroeconomics
S,
Aggregate demand 1,
Components of aggregate demand
9  cards
8.1 Economic activity
Households,
Firms,
Household income
6  cards
Macroeconomics objective I: Low unemployment, low and stable rate inflation
Unemployment,
Unemployememt rate,
Cost unemployment
17  cards
Macroeconomics objective Il: Low unemployment, low and stable rate inflation
Inflation,
Deflation,
Disinflation
3  cards
Chapter 13. Demand side policies
Monetary policy,
What is a central bank,
What is a central bank
12  cards

More about
IB Economics

  • Class purpose General learning

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