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PMT AQA A Level Economics

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

By: Jayeola Ilimezekhe
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Decks in this class (19)

3.1.1: Economic Methodology & The Economic Problem
0  cards
3.1.1.1 Economic methodology
Blank 1,
What is economics as a social sci...,
How does economic methodology dif...
14  cards
3.1.1.2 The nature and purpose of economic activity
What is the central purpose of ec...,
What are the key economic decisio...,
What is the role of resources in ...
17  cards
3.1.1.3 Economic resources
What are the four factors of prod...,
What is land as a factor of produ...,
What is labour as a factor of pro...
18  cards
3.1.1.4 Scarcity, choice and the allocation of resources
What is the fundamental economic ...,
Why does scarcity force choices t...,
What is opportunity cost 3
15  cards
3.1.1.5 Production possibility diagrams
What does a production possibilit...,
What does a ppf illustrate about ...,
What is the opportunity cost show...
20  cards
3.1.2 Price determination in a competitive market:
0  cards
3.1.2.1 The determinants of the demand for goods and services
What is demand in economics 1,
What does a demand curve show 2,
What causes movements along the d...
20  cards
3.1.2.2 Price, income and cross elasticities of demand
What is price elasticity of deman...,
What does a ped 1 indicate 2,
What does a ped 1 indicate 3
24  cards
3.1.2.3 The determinants of the supply of goods and services
What is supply in economics 1,
Why is the supply curve upward sl...,
What causes movements along the s...
20  cards
3.1.2.4 Price elasticity of supply
What is price elasticity of suppl...,
What does a pes 1 indicate 2,
What does a pes 1 indicate 3
18  cards
3.1.2.5 The determination of equilibrium market prices
What is market equilibrium 1,
What is the market clearing price 2,
What is excess demand 3
18  cards
3.1.2.6 The interrelationship between markets
What is the interrelationship bet...,
What is derived demand 2,
Provide an example of derived dem...
18  cards
3.1.3 Production, costs and revenue:
0  cards
3.1.3.1 Production and productivity
What is production in economics 1,
What are the factors of production 2,
What is productivity 3
18  cards
3.1.3.2 Specialisation, division of labour and exchange
What is specialisation 1,
What is the division of labour 2,
Who introduced the concept of div...
24  cards
3.1.3.3 Costs of production
0  cards
3.1.3.4 Economies and diseconomies of scale
0  cards
3.1.3.5 Average revenue, total revenue and proft
0  cards

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PMT AQA A Level Economics

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