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

Decks in this class (37)

economics as a social science(1.1.1)
What are the 3 economic agents 1,
What does ceteris paribus mean 2,
Why is there an inability to make...
84  cards
market failure(1.3)&Gov intervention(1.4)
What is market failure 1,
What are the 3 types of market fa...,
Define externalities 3
39  cards
Theme 2:2.1-Measures of economic performance
What is the difference between no...,
What is actual economic growth me...,
What is gni 3
58  cards
Theme 2:2.2-AD
What are are the components of ad 1,
Define ad 2,
What was the breakdown on real gd...
18  cards
Theme 2:2.3 AS
What is as 1,
What is a movement up the as curv...,
What is a movement down the as cu...
12  cards
Theme 2: 2.4 National income
What does the circular flow diagr...,
What is the difference between a ...,
Injection information 3
20  cards
Theme 2: 2.5 Economic growth
What needs factors are needed for...,
What are examples of hoe fop can ...,
Difference between potential grow...
17  cards
Theme 2:2.6 Macroeconomic objectives and policies
7 government objectives 1,
What is fiscal policy 2,
What is monetary policy 3
33  cards
Theme 2:2.6.3:Supply side policies
Supply side policies 1,
Market based supply side policy d...,
Interventionist supply side polic...
19  cards
Theme 3:3.1-Business Growth
What are the 6 main ways to measu...,
6 reasons why firms grow 2,
Reasons why firms stay small 3
38  cards
Theme 3:3.2-Business Objectives
Pros of profit maximisation 1,
Cons of profit maximisation 2,
What is a stakeholder 3
15  cards
Theme 3:3.3- Revenues, costs and profits
What is revenue 1,
Formula for total revenue 2,
Formula for average revenue 3
35  cards
Theme 3:4.1:Efficiency
Productive efficiency 1,
Allocative efficiency 2,
X efficiency 3
10  cards
Theme 3:4.2-3:Perfect competition and Monopolistic competition
What are all the types of competi...,
Characteristics of perfect compet...,
What is an industry example of pe...
18  cards
Theme 3.4:Market Structure
What is allocative efficiency 1,
What is productive efficency 2,
What is x inefficieny 3
19  cards
Theme 3:4.4:Oligopoly
What is an oligopoly 1,
Characteristics of an oligopoly 2,
How to you calculate the n firm c...
26  cards
Theme 3:3.4.5:Monopoly
Characteristics of monopoly 1,
Type of efficiencies in this mark...,
Monopoly diagram in the short run...
14  cards
Theme 3:4.6:Monopsont and contestability
Characteristics of monopsonies 1,
Monopsony diagram 2,
Costs and benefits of monopsony t...
15  cards
Theme 3:3.5:Labour market
Factors that affect the demand fo...,
What is derived demand 2,
Factors that affect supply for la...
17  cards
Theme 3:3.6:Gov Intervention
Cma and their job 1,
When is a merger approved and dis...,
Problems with cma 3
23  cards
Theme 3.6.2: the impact of gov intervention
What does gov intervention have a...,
Impact on prices 2,
Impact on profit 3
5  cards
Theme 4:4.1:Globalisation
Define globalisation 1,
Characteristics of globalisation 2,
What are the factors contributing...
11  cards
Theme 4:4.2:Specialisation and Trade
What is absolute advantage 1,
What is comparative advantage 2,
Limitations of comparative advana...
5  cards
Theme 4:4.3 pattern of trade
What are the 4 reasons why a coun...,
Explain factor endowment as a rea...,
Explain prices as a reason why co...
9  cards
Theme 4:1.4:Terms of Trade
What is terms of trade tot 1,
What are the short run factors th...,
What are the short run factors th...
6  cards
Theme 4:1.5:Trading blocs and the World Trade Organisation (WTO)
What is a trading bloc 1,
What are examples of trading bloc...,
What is a free trade area 3
14  cards
Theme4:1.6:Restrictions on free trade
What are the 6 reasons for restri...,
Explain job protection as a reaso...,
What are the types of restriction...
14  cards
Theme 4:1.7:Balance of Payments
Bop definition 1,
Components of bop 2,
Current account 3
12  cards
Theme4:4.1.8-Exchange rates
Types of exchange rates 1,
Floating system 2,
Managed float 3
18  cards
Theme 4:1.9:International competitiveness
What are the measures of internat...,
Factors influencing international...,
Benefits of international competi...
4  cards
Theme 4:2:Poverty and Inequality
What is absolute poverty 1,
What is relative poverty 2,
Define poverty 3
18  cards
Theme 4:3.1 and 4:3.2 :Measures of development and Factors influencing growth and development
What is hdi composed of 1,
What is the number range for hdi 2,
What are the pros of hdi 3
18  cards
4.3.3:Strategies influencing growth and development
List the market orientated strate...,
Interventionist based strategies ...,
Other strategies influencing grow...
4  cards
ACRONYMS
Popsicle theme 3 1,
Digestif theme 3 2,
Digestif theme 3 3
5  cards
Theme 4:4.5.1:Public expenditure
Types of public expenditure 1,
Capital gov expenditure 2,
Transfer payments 3
15  cards
Theme 4:4.5.2:Taxation
3 roles of tax 1,
Progressive tax 2,
Regressive tax 3
6  cards
Theme 4:4.4.1:Role of the financial markets
Wnat is a financial market 1,
Roles of the financial market 2,
Facilitate saving 3
8  cards

More about
econ

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study ib ak's econ flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

[OBSELETE] S - Econ
  • 42 decks
  • 1521 flashcards
  • 4 learners
Decks: Theme 2, Theme 1, Globalisation, And more!
Econ
  • 17 decks
  • 712 flashcards
  • 9 learners
Decks: 11, 14, 126 127 128, And more!
ECON 203
  • 50 decks
  • 1566 flashcards
  • 4 learners
Decks: 41 Key Macroeconomic Variables, 42 Growth Versus Fluctuations, 51 National Output And Value Added, And more!
ECON 102
  • 18 decks
  • 1301 flashcards
  • 103 learners
Decks: Exam 1 Chapter 1, Exam 1 Chapter 2 Production And Trade, Exam 1 Chapter 3 Global Economic System, And more!
Make Flashcards