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By:
Laura Brady
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Decks in this class (37)
Microeconomics - L1 Decisions and the basic economic problem.
Goods,
Services,
Durable goods
14
cards
Microeconomics - L2 Economic Systems
What is efficient resource alloca...,
What are the 3 fundamental econom...,
How are the 3 fundamental economi...
25
cards
Microeconomics - L3 Consumers
Who are the 3 key economic agents...,
What is the role of consumers,
What are the 3 assumptions econom...
11
cards
Microeconomics - L4 Producers
What is the role of producers in ...,
What does production mean,
What are factors of production
9
cards
Microeconomics - L5 Government
What is the role of the governmen...,
What is the level of government i...,
What is keynesian theory
8
cards
Microeconomics - L6 Law of Demand
What is a market,
What is the price or market mecha...,
Define demand
13
cards
Microeconomics - L7 Law of Supply
Define supply,
What does the law of supply state,
List the 4 supply non price facto...
11
cards
Microeconomics - L8 Market Equilibrium
What is the market or price mecha...,
How do the forces of demand and s...,
What is the market equilibrium
3
cards
Microeconomics - L9 Perfect Competition Market
What is a market,
What are the 4 features of a perf...,
Provide 3 examples of homogenous ...
7
cards
Microeconomics - L10 Monopolistic Competition and Monopoly
What are the 4 features of a mono...,
How does a mcm differ from a pcm,
What impact would a mcm have on p...
12
cards
Microeconomics - L11 Market Failures (Public Goods)
Define efficient allocation of re...,
Define living standards,
What are the 4 key features of a ...
10
cards
Microeconomics - L12 Market Failures (Negative Externalities)
What is a market failure,
When does an externality result,
A postitive externality occurs when
8
cards
Macroeconomics - L1 Economic Activity
What is microeconomics,
What is macroeconomics,
What is economic activity
13
cards
Macroeconomics - L2 Aggregate Demand
What is aggregate demand,
List the 5 components of ad,
What is private consumption expen...
8
cards
Macroeconomics - L3 Aggregate Supply
What does aggregate supply represent,
What is aggregate supply influenc...,
What is production
14
cards
Macroeconomics - L4 Aggregate Demand & Aggregate Supply
If consumer sentiment was in decl...,
If interest rates factor affectin...,
If productivity growth factor aff...
4
cards
Macroeconomics - L5 Measuring Economic Growth
What does economic activity refer to,
Why do we need to continue to inc...,
What does economic growth refer to
10
cards
Macroeconomics - L6 Sustainable Economic Growth
The australian government aims to...,
Achieving domestic stability for ...,
To achieve strong and sustainable...
12
cards
Macroeconomics - L8 Labour Market & Employment
To be considered as employed by t...,
To be considered as unemployed by...,
The labour force consists of
9
cards
Macroeconomics - L9 Full Employment
Provide a definition for the gove...,
What is cyclical unemployment pro...,
What is structural unemployment p...
7
cards
Macroeconomics - L10 Low Inflation
Provide a definition for inflation,
What is the goal of low inflation,
Provide a definition for disinfla...
9
cards
Macroeconomics - L11 Low Inflation
What is demand inflation,
List 5 possible causes of demand ...,
Consumer confidence can cause dem...
8
cards
Macroeconomics - L12 Equity
Define income,
List 5 examples of income,
Define wealth
16
cards
Macroeconomics - L13 The Business Cycle
What is the nature of the busines...,
What are the 4 stages of the busi...,
Describe the peak phase of the bu...
10
cards
Macroeconomics - L15 Budgetary Policy
What is budgetary policy,
What are the government s economi...,
What are the top 3 sources of rev...
12
cards
Macroeconomics - L16 Budgetary Policy
What are the government s 3 goals...,
What is budgetary policy,
What is the personal income tax p...
8
cards
Macroeconomics - L17 Monetary Policy
What is monetary policy,
What i,
True or falsethe rba is a governm...
4
cards
Macroeconomics - L18 Monetary Policy
What are the 3 objectives of mone...,
What 5 indicators does the rba us...,
If inflation is high would the rb...
7
cards
Macroeconomics - L19 Immigration Policy
Is immigration policy an aggregat...,
What are as policies designed to do,
Australia has an ageing populatio...
6
cards
Macroeconomics - L20 Environmental Policy
Is environmental policy an aggreg...,
What are as policies designed to do,
What is productive capacity
10
cards
Trade and Globalisation - L1 History of Trade
Define exports,
Define imports,
Describe two examples of pre fede...
8
cards
Trade and Globalisation - L2 International Trade and Living Standards
Define an open economy,
What is a closed economy,
Why do countries engage in trade
10
cards
Trade and Globalisation - L3 Balance of Trade
Identify 5 of australia s most im...,
Identify 5 of australia s most ex...,
What is the formula for aggregate...
9
cards
Trade and Globalisation - L4 Terms of Trade
Define the term balance of trade,
What will happen to living standa...,
What will happen to living standa...
7
cards
Trade and Globalisation - L5 Exchange Rates
Define the term currency,
Define the term exchange rate,
If a 1aud was worth 74 usd and no...
7
cards
Trade and Globalisation - L6 Exchange Rates
What are the key factors that dri...,
If there was a decrease in demand...,
If the terms of trade rises it me...
5
cards
Trade and Globalisation - L7 Trade Liberalisation
What is trade liberalisation,
What is trade protectionism,
Can you think of any potentially ...
8
cards
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Year 10 - Economics
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