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Kush Verma 13
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Decks in this class (22)
Theme 1: How do Markets Work
Blank 1
1
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
Why do governments intervene 1,
Two types of indirect tax 2,
Ways in which the government corr...
17
cards
Theme 1: Market Failure
3 types of market failures 1,
Private benefit 2,
Social benefit 3
23
cards
Theme 2: Measures of Economic performance
Economic growth 1,
Real gdp 2,
Nominal gdp 3
53
cards
Theme 2: Aggregate Demand
What is the equation for aggregat...,
C in the equation for aggregate d...,
I in the equation for aggregate d...
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 do households supply firms w...,
National income equals 2,
What are the 3 examples of withdr...
18
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
Why do some firms decide to stay ...,
Why do firms decide to grow 2,
Principle agent theory 3
26
cards
Theme 3: Business Objectives
Profit maximisation 1,
When does profit increase 2,
When does profit decease 3
9
cards
Topic 3: Revenues, Costs and Profits
How do you calculate total revenue 1,
Marginal revenue 2,
Where on a diagram is marginal re...
26
cards
Theme 3: Market Structures
Allocative efficiency 1,
Productive efficiency definition ...,
Dynamic efficiency 3
40
cards
Theme 3: Labour markets
Factors that effect the demand fo...,
Factors that effect the supply of...,
Geographical immobility 3
24
cards
Theme 3: Government Intervention
How do governments control monopo...,
How does the deregulation and pri...,
How does competitive tendering fo...
14
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
Theme 3: Business Growth COPY
Why do some firms tend to remain ...,
What are the 6 types of internal ...,
What do internal economies of sca...
4
cards
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