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AQA A-Level Economics

This class was created by Brainscape user Faith Woodruffe-Peacock. Visit their profile to learn more about the creator.

By: Faith Woodruffe-Peacock
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Decks in this class (14)

1.1 Economic methodology and the economic problem
Scarcitylimited quantities of res...,
Fundamental economic problem,
Value judgement
42  cards
1.2 Individual economic decision making
Rational behaviour,
What does traditional economic th...,
Economic good
47  cards
1.3 Price determination in a competitive market
Law of demand,
Market,
Price
72  cards
1.4 Production, costs, and revenue
Production,
Factors of production,
Total cost
102  cards
1.5 Perfect competition, imperfectly competitive markets, and monopoly
Market,
Market structure,
Price taker
110  cards
1.6 The labour market
Labour,
Wages,
Law of diminishing returns
83  cards
1.7 The distribution of income and wealth; poverty and inequality
Income,
Wealth,
Distribution of income
42  cards
1.8 The market mechanism, market failure, and government intervention in markets
Market mechanism,
Price mechanism,
Functions of the price mechanism 4
106  cards
2.1 The measurement of macroeconomic performance
Macroeconomics,
Gross domestic product gdp,
Inflation
28  cards
2.2 How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
Household,
Firm,
National income y
60  cards
2.3 Economic performance
Economic cycle,
Actual output,
Trend growth rate
63  cards
2.4 Financial markets and monetary policy
Monetary policy,
Policy instrument,
Central bank
81  cards
2.5 Fiscal policy and supply side policies
Fiscal policy,
Direct tax,
Income tax
50  cards
2.6 The international economy
Globalisation,
Causes of globalisation 6,
Export
99  cards

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AQA A-Level Economics

  • Class purpose General learning

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A Level Economics (AQA)
  • 81 decks
  • 2253 flashcards
  • 164 learners
Decks: 311 Economic Methodology And The Economi, 312 The Nature And Purpose Of Economic A, 313 Economic Resources, And more!
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