Economic Concepts Flashcards by Cindy Augustin

Q

Economics

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Microeconomics

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Demand/Demand Curve

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Supply/supply curve

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Demand Curve Shift/Reasons

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Elasticity

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Q

Price Elasticity of Demand (ED)

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Q

ED

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Elastiity of Demand

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Elastic

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Inelastic

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Unitary Elasticity

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Q

Income Elasticity of Demand (EI)

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Q

EI

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Income Elasticity of Demand

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Cross-Elasticity of Demand (Exy)

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Q

Exy

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Cross-Elasticity of Demand

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Price Elasticity of Supply (ES)

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Q

ES

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Elasticity of Supply

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Opportunity Cost

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Equilibrium Price

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Q

MPS

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Marginal Propensity to Save

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Price Ceiling to Price Floor

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Law of Diminishing Marginal Utility

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Indifference Curve

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Returns to Scale

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Pure (Perfect) Competition

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Pure Monopoly

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Monopolistic Compeition

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Oligopoly

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SWOT Analysis

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Mission Statement

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Macroeconomics

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Gross Domestic Product (Nominal GDP)

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Demand-Pull Inflation

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Cost-Push Inflation

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Multiplier Effect

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Business Cycle

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Expansion

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Contraction (Recession)

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Economic Indicators

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Types of Unemployment

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Economic Policies

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Economic Theories

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