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ben moulds
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Decks in this class (19)
1.1) nature of economies
What is ceteris paribus,
What are positive statements,
What are normative statements
26
cards
1.2) how markets work
What are the aims of consumers,
What are the aims of firms,
What are the 5 influences on demand
103
cards
1.3 Market failure
Define market failure,
Define an externality,
Define an external cost
24
cards
1.4 government intervention
What are the advantages of indire...,
What is the disadvantages of a in...,
What is the effect of a subsidy o...
35
cards
2.1.1- measures of economic growth
Define potential economic growth,
Define gdp,
Define actual economic growth
27
cards
2.2 Aggregate Demand
What are the components of ad,
What percentage of ad is made up ...,
What percentage of ad is made up ...
42
cards
2.4 National Income
Define the circular flow of incom...,
Who owns all the wealth and resou...,
What do the firms pay the househo...
43
cards
2.6) macroeconomic policies and objectives
Why do governments intervene in a...,
What are the 4 key macroeconomic ...,
What is the long run trend growth...
69
cards
3.1) business growth
Define a firm,
What is the private sector,
What is the public sector
28
cards
3.3 revenues costs and profits
What is total revenue,
What is average revenue,
What is marginal revenue
58
cards
3.4 market structure
What is allocative efficency,
What is productive efficency,
What is dynamic efficency
112
cards
3.5 labour markets
What does the demand curve show i...,
What is the demand for labour det...,
What is the formula for marginal ...
82
cards
3.6 government intervention
What is the role of the competiti...,
What power does the cma have,
When is a merger investigated by ...
46
cards
4.1.3,4.1.6,4.1.8
What are the factors that affect ...,
How does the comparative advantag...,
Why has there been an increase in...
114
cards
4.2
Define income,
Define wealth,
Define income inequality
47
cards
4.3.2, 4.3.3
What are the economic factors tha...,
What is a primary product,
What types of countries are most ...
124
cards
4.4 financial sector
What are the five roles of the fi...,
What is the aim of saving,
How does the financial market fac...
24
cards
4.5 role of the state in macroeconomy
What are the types of government ...,
What is capital government expend...,
What is general final consumption
91
cards
3.2 business objectives
Why might firms profit maximise,
What is a real example of markets...,
What is the profit maximization p...
15
cards
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economics
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