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Y10 Microeconomics IGCSE

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

By: Niamh Steadman
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Decks in this class (14)

1.1 - The Basic Economic Problem
What is the basic economic problem,
What are the types of economic ag...,
What are economic goods
4  cards
1.2 - The Factors of Production
What are the 4 factors of production,
What are the factors of production,
What are the definitions of the 4...
15  cards
1.3 - Oppotunity costs
What are oppotunity costs,
What can be the causes of oppotun...,
How can oppotunity costs be under...
3  cards
1.4 - Production Possibility Curves
What are production possibility c...,
What do ppfs show,
What is the economy
4  cards
2- Demand and Supply
What is demand,
What is the relationship between ...,
What is an extension in demand
10  cards
2 - Price Determination , Price Elasticity of Demand , Price Elasticity of Supply
What is equilibrium price,
How does equilibrium price affect...,
What is market clearing price
31  cards
2.9 - 2.11 Market economic system, Market failure, Mixed economic system
What is an economic system,
What is a command market,
What is a free market
45  cards
3.1 - Money and banking
What is money,
What are the 4 functions of money,
How does inflation affect the fun...
11  cards
3.2 - Households
What influences ones ability to s...,
How does pattern of income spent ...,
What is average propensity to con...
12  cards
3.3 - Workers
What are wage factors,
What are non wage factors,
What wage factors that influence ...
14  cards
3.4 - Trade Unions
What are the interests of workers,
What is a trade union,
What are the different types of t...
18  cards
3.5 - Firms
What influences the size of a par...,
What is a firm,
What are public sector firms and ...
35  cards
3.6 - Firms and Production
What factors influence the demand...,
How does demand for goods and ser...,
How does th price for the differe...
12  cards
3. 7 - Firms Costs and Revenue
What are fixed costs,
What are variable costs,
What are total costs
6  cards

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Y10 Microeconomics IGCSE

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