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edexcel a level economics

This class was created by Brainscape user v1olet d4ys. Visit their profile to learn more about the creator.

By: v1olet d4ys
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Decks in this class (21)

theme 1- 1.1 the nature of economics
Economics as a social science,
What are economic models based on,
Ceteris paribus
40  cards
theme 1- 1.2 how markets work
Rational decision making,
Demand,
Substitution effect
45  cards
theme 1- 1.3 market failure
Market failure,
Types of market failure,
Reasons for market failure
22  cards
theme 1- 1.4 government intervention
Government intervention in market...,
Advantages of indirect,
Disadvantages of indirect taxes
24  cards
theme 2- 2.1 measures of economic performance
What is economic growth,
What is gdp,
What is potential economic growth
13  cards
theme 2- 2.2 aggregate demand
0  cards
theme 2- 2.3 aggregate supply
0  cards
theme 2- 2.4 national income
0  cards
theme 2- 2.5 economic growth
0  cards
theme 2- 2.6 macroeconomic objectives and policies
0  cards
theme 3 - 3.1 business growth
Economies of scale,
Why do some firms remain small,
Why do some firms grow
26  cards
theme 3- 3.2 business objectives
Total revenue,
Profit maximisation,
Total cost tc
13  cards
theme 3- 3.3 revenues, costs and profits
Price maker firms,
Price maker curves,
Price taker firms
44  cards
theme 3- 3.4 market structures
Efficiency,
Allocative efficiency,
Allocative efficiency ae on a graph
66  cards
theme 3- 3.5 the labour market
Demand for labour definition,
Derived demand definition,
Relationship between wages and de...
24  cards
theme 3- 3.6 government intervention in product markets
Competition policy definition,
Examples of competition authorities,
Aims of competition authorities
9  cards
theme 4- 4.1 international economics
Globalisation,
Key characteristics of globalisation,
Causes of globalisation
84  cards
theme 4- 4.2 poverty and inequality
Absolute poverty definition,
Relative poverty definition,
Measure of absolute poverty
16  cards
theme 4- 4.3 emerging and developing economies
Economic development,
Human development index hdi,
3 elements of hdi
71  cards
theme 4- 4.4 the financial sector
Financial market definition,
Key financial markets,
Role of financial markets to faci...
18  cards
theme 4- 4.5 the role of the state in the macroeconomy
3 aspects of public finance,
Public expenditure definition,
3 broad elements of public expend...
58  cards

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edexcel a level economics

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