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A LEVEL ECONOMICS
> Merit and Demerit Goods > Flashcards
Merit and Demerit Goods Flashcards
Study These Flashcards
A LEVEL ECONOMICS
(51 decks)
SECTION 5- MARKET FAILURE
Externalities
Merit and Demerit Goods
Pubic Goods
Imperfect Information
SECTION 6 - GOVERNMENT INTERVENTION
Taxation
Subsidies
Privatisation, Regulation and Deregulation
Government Failure
Examples of Government failure
Section 8 - MEASURING ECONOMIC PERFORMANCE
Measuring Economic Growth
Measuring Inflation
Measuring Unemployment
Measuring the Balance of Payments
SECTION 9 - AGGREGATE DEMAND AND AGGREGATE SUPPLY
The Circular Flow of Income
The components of Aggregate Demand
Aggregate Demand Analysis
Aggregate Supply
Macroeconomics Equilibrium
Section 10- GOVERNMENT ECONOMIC POLICY OBJECTIVES
Economic growth
Unemployment
Inflation
the Balance of Payments
Other Economic Policy Objectives
Conflicts Between Economic Objectives
Tackling Unemployment and Inflation
section 11- MACROECONOMIC POLICY INSTRUMENTS
Fiscal Policy
Monetary policy
Supply- Side Policy
Section 1 - THE ECONOMIC PROBLEM
An introduction to Economics
The Economic Problem
Production Possibility fronteirs
Markets and Economies
Economic Objectives
Behavioural Economics
Section 3- BUSINESS ECONOMICS
Production and Productivity
specialisation
The Costs of a Firm
Economies and Diseconomies of Scale
Long Run Average Cost
The Revenue of a Firm
Profit
The Objectives of Firms
Why Firms Grow
