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

Decks in this class (23)

Theme 1.1
What is ceteris paribus,
What is a positive economic state...,
What is a normative economic stat...
74  cards
Theme 1.2
What is demand,
What does a demand curve show,
Why does the demand curve slope d...
75  cards
Theme 1.3
What is market failure,
What are the three types of marke...,
What are externalities
30  cards
Theme 1.4
What is indirect taxation,
What are the advantages of indire...,
What are the disadvantages of ind...
27  cards
Theme 2.1
What is economic growth,
How is economic growth typically ...,
What is gross domestic product gdp
72  cards
Theme 2.2
What is aggregate demand,
What is the equation of ad,
What is consumption
44  cards
Theme 2.3
What is aggregate supply as,
Why does the short run as curve l...,
Why is short run supply likely to...
19  cards
Theme 2.4
How does the most basic model of ...,
Why is the two sector model for t...,
What is the difference between in...
25  cards
Theme 2.5
What causes economic growth,
How can land cause economic growth,
How can labour cause an increase ...
21  cards
Theme 2.6
What are the 7 main government ma...,
How does the government aim to ac...,
Why does the government aim for l...
54  cards
Theme 3.1
Why may a firm want to grow,
What is an economy of scale,
What happens when a firm holds a ...
46  cards
Theme 3.2
Why can a firm s objective motive...,
Why would a firm want to profit m...,
How does profit maximisation occur
11  cards
Theme 3.3
What is total revenue,
What is average revenue,
What is marginal revenue mr
65  cards
Theme 3.4
What is efficiency,
What is allocative efficiency,
What is productive efficiency
149  cards
Theme 3.5
What does the demand curve for la...,
What is mrp marginal revenue product,
What is the demand for labour det...
74  cards
Theme 3.6
What do the competition and marke...,
How are mergers controlled in the...,
What is the aim of controlling me...
72  cards
Theme 4.1.1-4.1.6
What is globalisation,
What movements does globalisation...,
What factors have contributed to ...
83  cards
Theme 4.1.7-4.1.9
What are the components of the ba...,
What is the capital account in th...,
What is the financial account
69  cards
Theme 4.2
What is absolutely poverty,
What is the correlation between e...,
What is relative poverty
33  cards
Theme 4.3
What is the difference between ec...,
What is a developed country,
What is a developing country
92  cards
Theme 4.4
What are financial markets,
What are the two reasons financia...,
What are the different types of f...
42  cards
Theme 4.5.1-3
What is hysteresis,
Why does the government spend money,
What are the three types of gov e...
59  cards
Theme 4.5.4
What macro economic policies can ...,
What are direct controls,
What policies can the government ...
40  cards

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A-Level Economics

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1042 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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