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Olivier MB
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Decks in this class (19)
14 The international economy (MACRO)
What are the three injections,
What are the three withdrawals,
Define marginal propensity to con...
45
cards
Behavioural Economics and Government Policy (MICRO) ADD TO 8
Define bounded rationality,
Define bounded self control,
Give an example of bounded self c...
20
cards
8 The market mechanism, market failure and government intervention in markets (MICRO)
What is a public good,
What is meant by a public good ex...,
What is meant by non rejectability
27
cards
6 The Labour Market (MICRO)
What type of demand is labour,
What is meant by labour being der...,
What is the marginal productivity...
54
cards
13 Fiscal policy and supply-side policies (MACRO)
Define fiscal policy,
What is a budget deficit,
What is a budget surplus
41
cards
ECONOMIC GROWTH AND DEVELOPMENT (MACRO)
Define standard of living,
Define economic development,
Define economic growth
19
cards
12 Financial markets and monetary policy (MACRO)
What are the 6 characteristics of...,
What is the way of remembering th...,
What are the 4 key functions of m...
76
cards
5 Perfect competition, imperfectly competitive markets and monopoly (MICRO)
Define normal profit,
Define abnormal profit,
What is the point of productive e...
97
cards
7 The distribution of income and wealth: poverty and inequality (MICRO)
Give 4 different types of policie...,
Explain how lowering taxes could ...,
A
28
cards
ADD CARDS TO 14
Define comparative advantage,
Define absolute advantage,
What is meant by free trade
61
cards
4 Production, costs and revenue (MICRO)
Average cost calculation,
Fixed costs definition,
How is short run defined
15
cards
11 Economic performance (MACRO)
What is macroeconomics,
What is gross domestic product gdp,
What is inflation
18
cards
10 How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts (MACRO)
What is aggregate demand,
What are shocks to aggregate demand,
What is ad curve and what does it...
34
cards
9 The measurement of macroeconomic performance (Macro)
0
cards
15 Economic Growth (MACRO)
What is the economic growth defin...,
What are the causes of economic g...,
Name 3 examples of something that...
3
cards
1 Economic methodology and the economic problem
0
cards
2 Individual economic decision making
0
cards
3 Price determination in a competitive market
How to work out concentration ratio
1
cards
PAPER 2
What is monetary policy,
What does contractionary fiscal p...,
What is an example of contraction...
39
cards
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ECON (MACRO & MICRO)
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