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

Decks in this class (18)

Econ Vocab test
Economics,
Positive statements,
Normative statements
26  cards
Case Studies
0  cards
Demand and Supply
Demand,
Law of demand,
Market demand vs individual demand
34  cards
Price Elasticity
What is price elasticity for demand,
What is the formula for ped,
What is the ped of an elastic rel...
43  cards
Equilibrium and Price Mechanism
What is an equilibrium,
What does excess supply look like,
What does excess demand look like
21  cards
Externalities
Market failure definition,
Marginal private costs mpc defini...,
Marginal private benefits mpb def...
16  cards
Government Intervention
Specific taxes,
Ad valorem taxes,
Calculate government expense
11  cards
Microeconomics Vocab
Actual growth,
Allocative inefficiency,
Allocative inefficiency
78  cards
Microeconomics Case studies
0  cards
Government Intervention Case studies
Direct provision,
Purgovian tax,
Subsidy
9  cards
Exam case studies
Example for elastic ped,
Example for inelastic ped,
Income elastic good
18  cards
Macro Economics Vocab
Actual growth,
Aggregate demand ad,
Aggregate demand curve
96  cards
Macro Economics Flashcards
Test,
What is the gdp,
What is the gnp gni
88  cards
Case study flashcards
India supply side policy,
Australia supply side policy,
China consequences of economic gr...
16  cards
Test
0  cards
International Economics
Advantages of free trade,
What is the world trade organisation,
Functions of the wto
28  cards
Vocab Quiz 2
Economics,
Microeconomics,
Macroeconomics
30  cards
Vocab Quiz Elasticity
Ped,
Elastic demand,
Pes
14  cards

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Econ SL

  • Class purpose General learning

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