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Nana K
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Decks in this class (13)
Economic Methodology
What is the economic problem 1,
What is the economic problem 2,
What is a positive statement
11
cards
Economic Methodology and The Economic Problem Key Terms
Positive statement,
Normative statement,
Need
25
cards
Macro 7.1 Circular Flow of Income
What does the simple circular flo...,
What does the simple cfm pretend ...,
What is this model of like wwhat ...
7
cards
Elasticities Of Demand (PED) 4.1.3.2
What is price elasticity of deman...,
State the formula for ped,
How do you work out percentage ch...
59
cards
Elasticities Of Demand (YED) 4.1.3.2
What is income elasticity of demand,
What is the formula for yed,
What is a normal good
18
cards
Elasticities Of Demand (XED) 4.1.3.2
Define xed,
Xed formula,
What does it mean when xed is 0
15
cards
MACRO - Short Run Economic Growth
Define sreg,
What are the assumptions of short...,
Why do we say there s more use in...
6
cards
test
Law of demand,
State three main reasins for nega...,
Explain the income effect
37
cards
4.1.4.1 Production and productivity
Define production,
How is output used and what does ...,
What are the different types of o...
12
cards
tes pcr
Specialsiation,
What is specialisatio in the cont...,
What is the division of labour
3
cards
3.14.1 Market Structures
In econ industries and sectors ar...,
What are the 4 key questions poin...,
Explain how many firms operate in...
14
cards
3.1.5 (MMMFGI) Allocation Of Resources
How is the basic economic problem...,
Explain the price mechanism,
State the three function of the p...
8
cards
EQUATIONS
How do you work out marginal cost,
The marginal anything in eocnomci...
2
cards
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Economics
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