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Economics

This class was created by Brainscape user siún O'Connor. Visit their profile to learn more about the creator.

By: siún O'Connor
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Decks in this class (22)

National Income
National income,
National income is denoted by,
The circular flow of income
32  cards
National Income 2
Main measures of national income,
Gross domestic product,
Gross national product
28  cards
Fiscal Policy
Fiscal policy,
Who is responsible for the implem...,
The budget
41  cards
Taxation
Four cannons of taxation,
Equity cannon,
Certainty
49  cards
Money and Banking
Definition of money,
Definition of barter,
Double coincidence of wants
27  cards
Perfect Competition
Market,
Industry,
Market structure
14  cards
Imperfect Competition
Conditions for imperfect competition,
Why is ac not at its lowest point,
Advantages of imperfect competition
6  cards
Monopoly
Assumptions of monopoly,
Implications of the assumptions o...,
How a monopoly arises
12  cards
Oligopoly
Assumptions under oligopoly,
Collusion,
Price competition
17  cards
The Market Economy
Individual demand,
Market demand,
Factors that affect market demand
23  cards
monetary policy and the price level
Inflation,
Deflation,
Effects of deflation
28  cards
Unemployment and Employment
Benefits of high levels of employ...,
Full employment,
Difficulties of high employment
18  cards
The Factor Market
Land,
Labour,
Capital
4  cards
the financial sector
Role of financial institutions,
Role of the central bank,
Role of the european central bank
4  cards
chapter 14 for test
Inflation,
Deflation,
Cpi
8  cards
chapter 13 for test
Types of unemployment,
Unemployment,
Frictional unemployment
10  cards
chapter 9 for test
Factors that create different wag...,
Advantages of increasing the mini...,
Mrp
5  cards
Economic Development
Economic development,
Economic growth,
What contributes to a fundamental...
10  cards
economics as a way of thinking chpt 1
Economics,
Opportunity cost,
Normative statement
10  cards
chapter 17 globalisation
Positive impacts of globalisation,
Negative impacts of globalisation,
Inward fdi
7  cards
test corrections for new test
Cost of living,
Standard of living,
Relationship between cost of livi...
8  cards
international trade
International trade,
Advantages of international trade,
Visible imports exports
33  cards

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Economics

  • Class purpose General learning

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