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A* ECONOMICS

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

By: Vanessa Clark
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Decks in this class (8)

Theme 1 - Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of: ● nature of economics ● how markets work ● market failure ● government intervention
18  cards
Theme 2 - The UK economy – performance and policies
This theme focuses on macroeconomic concepts. Students will develop an understanding of: ● measures of economic performance ● aggregate demand ● aggregate supply ● national income ● economic growth ● macroeconomic objectives and policy.
14  cards
Theme 3 - : Business behaviour and the labour market
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of: ● business growth ● business objectives ● revenues, costs and profits ● market structures ● labour market ● government intervention.
57  cards
Theme 4 - A global perspective
This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: ● international economics ● poverty and inequality ● emerging and developing economies ● the financial sector ● role of the state in the macroeconomy.
41  cards
Paper 2
How to calculate real gdp for nex...,
Explain the term real gross domes...,
Define gdp per capita
4  cards
Monetary and Fiscal Policy Exam Q
Distinction between capital expen...,
Define interest rates 1 mark,
Explain one likely reason why the...
4  cards
Classic Macro Arguments
5, 8, 12, 15, 25 markers
0  cards
Classic Micro Arguments
1  cards

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A* ECONOMICS

  • Class purpose General learning

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