Brainscape
Find Flashcards
Make Flashcards
Why It Works
More
Educators
Businesses
Tutors & resellers
Content partnerships
Academy
About
Educators
Teachers & professors
Content partnerships
Tutors & resellers
Businesses
Employee training
Content partnerships
Tutors & resellers
Academy
About
Log In
Get Started
Brainscape's Knowledge Genome
TM
Browse over 1 million classes created by top students, professors, publishers, and experts.
Entrance Exams
Professional Certifications
Foreign Languages
Medical & Nursing
Science
English
Humanities & Social Studies
Mathematics
Law
Vocations
Health & Fitness
Business & Finance
Technology & Engineering
Food & Beverage
Fine Arts
Random Knowledge
See full index
Microconomics
> 1.1 What is Economics > Flashcards
1.1 What is Economics Flashcards
Study These Flashcards
Microconomics
(17 decks)
1.1 What is Economics
1.2 How do economists approach the world
2.1 Introduction to Competitive Markets
2.2 Demand
2.3 Supply
2.4 Competitive market equilibrium
2.5 The role of price mechanism and market efficiency
2.6 Critique of maximising behaviour of consumers and producers (HL)
3.1 Price elasticity of demand (PED)
3.2 Income Elasticity of Demand (YED)
3.3 Price Elasticity of Supply (PES)
2.7 Government Intervention in Markets
Price Controls
Subsidies
Taxes
Government intervention - other examples
2.8 Market Failure
