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Karen Pugh
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Decks in this class (32)
Micro 1.1 Economic Problem
Scarcity,
Explain this graph,
What is a free good
27
cards
Micro 1.2 Allocation of Resources
What is resource allocation,
Capitalism,
Adam smith
18
cards
Micro 1.3 Opportunity Cost
Opportunity cost,
Trade off,
Production possibility curve
19
cards
Micro 2.1 Specialization and Trade
Specialisation,
Division of labour,
Barter system
3
cards
Micro 2.2, 2.3, 2.4, 2.5 Demand, Supply and Market Equilibrium
The operation of the market
45
cards
Micro 2.6 Price Elasticities of demand
Elasticity,
Price elasticity of demand,
Ped is calculated by
49
cards
Micro 2.6 Price Elasticity of Supply
Price elasticity of supply,
Pes 0,
Pes 1
15
cards
Micro 2.7 The Concept of the Margin
The margin,
Marginal utility,
Total utility
15
cards
Micro 2.8 Market Failure
Market failure,
Socially optimal allocation,
Marginal social benefit
25
cards
Microe 2.9 Information Failure
Information failure,
Asymmetric information,
Merit good
8
cards
Micro 2.10 Public Goods
Public goods,
Non rejectable,
Non rivalrous
16
cards
Micro 2.11 Government Intervention
Direct taxation,
Indirect taxation,
Indirect and inelastic ped
35
cards
Macro 1.1 Circular Flow of Income
Circular flow of income,
National income,
National output
12
cards
Macro 1.2 Aggregate Demand
Aggregate demand,
Consumption,
Investment
19
cards
Macro 1.3 and 1.4 Aggregate Supply and the interaction of AD and AS
Short run aggregate supply curve,
Neoclassical economists,
Monetarist school
16
cards
Macro 2.1 Economic Growth
Economic growth,
Real gdp,
Nominal gdp
4
cards
Macro 2.2 Economic development
Economic development,
Sustainable develpment,
Gni per capita
7
cards
Macro 2.3 Employment
Employment rate,
Unemployment rate,
Voluntary unemployment
17
cards
Macro 2.4 Inflation
Inflation,
Deflation,
Disinflation
7
cards
Macro 2.5 Balance of payments
Blance of payments,
Current account,
Trade in goods
8
cards
Macro 2.6 Trends in macroeconomic indicators
Labour productivity
1
cards
Macro 2.7 Income distribution and welfare
Income,
Wealth,
Lorenz curve
7
cards
Macro 2.8 The Phillips Curve
Phillips curve,
Stagflation,
Natural rate of unemployment
4
cards
Unit 3.2 Microeconomics
Costs, economics of scale, revenue and profit
34
cards
Market structures- Topic 4
Market stucture with many buyers ...,
Perfect competition,
Price taker
11
cards
Microeconomics- Unit 3.1 Business Objectives
Paper 1
20
cards
4.1 Perfect Competition
Perfect competition,
Price taker,
Homogenous products
13
cards
4.2 Monopolies
Monopoly,
Monopoly power,
Barriers to entry
20
cards
Monopolistic Competition and Oligopoly
Monopolistic competition,
Characteristics of monopolistic c...,
Type of profits firms in monopoli...
23
cards
Microeconomics 4.5
Contestable Markets
21
cards
Microeconomics 5.1-5.3 Labour Market
The Labour Market
41
cards
Macroeconomics 1.5 Multiplier and Accelerator
Multiplier,
Why does the multiplier effect occur,
What factors influence the value ...
22
cards
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A-Level Economics
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A Level Economics
- 50 decks
- 1987 flashcards
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Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
