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Economics Theme 1: Intro To Markets And Market Failure

This class was created by Brainscape user Matilda de Sa. Visit their profile to learn more about the creator.

By: Matilda de Sa
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Decks in this class (23)

Economics As A Social Science
What is economics,
What is economics classified as a...,
How are economic interactions exp...
23  cards
AS macro Key Words
What s aggregate demand,
What s the ad formula,
What s x m
18  cards
Economic Data
What is economic data collected for,
How is economic data expressed,
What are indices used for
20  cards
The Economic Problem
0  cards
Production Possibility Frontiers
0  cards
Specialisation And The Division Of Labour
0  cards
Types Of Economy
0  cards
Rational Decision Making
0  cards
Demand
What is demand,
Why would demand for a good change,
How is a change in price shown in...
33  cards
Price Elasticity Of Demand
0  cards
Income And Cross Elasticities
0  cards
Supply
What does a rise in price lead to...,
What causes a shift in the supply...,
What is the market supply curve i...
3  cards
Price Determination
0  cards
The Price Mechanism
0  cards
Indirect Taxes And Subsides
0  cards
Alternative Views Of Consumer Behaviour
0  cards
Types Of Market Failure
0  cards
Externalities
0  cards
Public Goods
0  cards
Information Gaps
0  cards
Government Intervention In Markets
0  cards
Government Failure
0  cards
KEY WORDS
Ceteris paribus,
Law,
Normative economics
9  cards

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Economics Theme 1: Intro To Markets And Market Failure

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