Econ Flashcards

This class was created by Brainscape user Kush Verma 13. Visit their profile to learn more about the creator.

Decks in this class (22)

Theme 1: How do Markets Work
What is demand 1,
Describe the relationship between...,
What do all demand curves have in...
102  cards
Theme 1: Nature of Economics
What is ceteris paribus 1,
What type of science is economics 2,
How do economists make models the...
59  cards
Theme 1: Government Intervention
What are the 4 causes of governme...,
What is the distortion of price m...,
What is government failure 3
11  cards
Theme 1: Market Failure
What is market failure 1,
What are the 4 types of market fa...,
What is another word for negative...
44  cards
Theme 2: Measures of Economic performance
Economic growth 1,
Real gdp 2,
Nominal gdp 3
53  cards
Theme 2: Aggregate Demand
Can you describe to me what 3 thi...,
Can you describe to me what 3 thi...,
When should you draw a demand cur...
27  cards
Theme 2: Aggregate Supply
Difference between long run and s...,
What shape is the classical lras ...,
What are the axis for lr diagrams 3
13  cards
Theme 2: National Income
What are the 2 ways of measuring ...,
What is income 2,
What is wealth 3
25  cards
Theme 2: Economic Growth
Economic growth 1,
6 factors that cause economic gro...,
When does a country have a compar...
20  cards
Theme 2: Macroeconomic Objectives and Policies
The 4 main macroeconomic objectiv...,
What is the uk s long run trend o...,
What is the aim for rate of unemp...
46  cards
Theme 3: Business Growth
What are the 5 reasons why some f...,
What are the 5 reasons why other ...,
What is the divorce of ownership ...
59  cards
Theme 3: Business Objectives
Who are the 5 influencers of the ...,
What are the shareholder s object...,
What are the directors managers 2...
12  cards
Topic 3: Revenues, Costs and Profits
What is total revenue 1,
What is average revenue 2,
What is the formula for average r...
79  cards
Theme 3: Market Structures
What are the 4 factors that affec...,
What are the 5 market structures 2,
What is the n firm concentration ...
67  cards
Theme 3: Labour markets
Draw a labour market diagram 1,
Why does the labour diagram look ...,
In the labour market what do we c...
40  cards
Theme 3: Government Intervention
What does the cma stand for 1,
What are the 4 key types of polic...,
What is a merger policy 3
24  cards
Theme 4: International Economics
Characteristics of globalisation 1,
What factors have contributed to ...,
What are 2 strengths of globalisa...
84  cards
Theme 4: Emerging and Developing Economies
What is the human development ind...,
What are the 3 components to the ...,
Advantages of using the hdi to co...
47  cards
Theme 4: Poverty and Inequality
Absolute poverty 1,
How is absolute poverty measured 2,
Relative poverty 3
14  cards
Theme 4: Financial Markets
What finance is provided by finan...,
Types of financial markets 2,
What are the different purposes o...
21  cards
Theme 4: The role of the state in the macro-economy
What is the total amount that the...,
3 types of public expenditure 2,
What of gdp in 2018 19 was planne...
47  cards

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Econ Flashcards

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