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Economics AQA > 1.1.4 - Scarcity, Choice and the Allocation of Resources > Flashcards

1.1.4 - Scarcity, Choice and the Allocation of Resources Flashcards

Study These Flashcards

Study These Flashcards

Economics AQA (35 decks)

Micro Topic 1 definitions

1.1.1 - Economic Methodology and the Economic Problem

1.1.2 - The Nature and Purpose of Economic Activity

1.1.3 - Economic Resources

1.1.4 - Scarcity, Choice and the Allocation of Resources

1.1.5 - Production Possibility Diagrams

Micro Topic 3 definitions

1.3.1 - The Determinants of Demand

1.3.2 - Price, Income and Cross Elasticities of Demand

1.3.3 - The supply of Goods and Services

1.3.5 - The Determination of Equilibrium Market Prices

1.3.6 - The Interrelationship Between Markets

1.5.11 - Consumer and Producer surplus

Microeconomic equations

Macro Topic 1 definitions

2.1.1 - The Objectives of Government Economic Policy

2.1.2 - Macroeconomic indicators

2.1.3 - The Uses of Index Numbers

2.1.4 - Uses of National Income Data

Macro Topic 2 definitions

2.2.1 - The Circular Flow of Income

2.2.2 - Aggregate Demand and Aggregate Supply

2.2.3 - The Determinants of Aggregate Demand

2.2.4 - Aggregate Demand and The level of Economic Activity

2.2.5 - Determinants of SRAS

2.2.6 - Determinants of LRAS

Macro Topic 3 definitions

2.3.1 - Economic Growth and the Economic cycle

2.3.2 - Employment and Unemployment

2.3.3 - Inflation and Deflation

2.3.4 - Conflicts Between Macroeconomic Policy Objectives

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