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Economics

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

By: Theroon Rajiharan
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Decks in this class (11)

Topic 1.1 Economic Methodology
Are positive statements objective...,
Can positive statements be tested,
Can a positive statement be rejec...
6  cards
Topic 1.2 The Nature And Purpose Of Economic Activity
0  cards
Topic 1.3 Economic Resources
What are the four factors of prod...,
What is capital,
What is enterprise entrepreneurship
9  cards
Topic 1.4 Scarcity, Choice And Allocation Of Resources
What is the basic economic problem,
What is opportunity cost
2  cards
Topic 1.5 Production Possibility Diagrams
What does the production possibil...,
What do the points on on the curv...,
What do the points under the curv...
3  cards
Topic 2.1 The Determinants Of The Demand For Good And Services
What is demand,
What factors affect the shift of ...,
Mnemonic used to remember the fac...
6  cards
Topic 2.2 Price, Income And Cross Elasticities Of Demand
What is price elasticity of demand,
What is the formula for price ela...,
What will happen to demand when t...
3  cards
Topic 2.3 The Determinants Of The Supply Of Goids And Services
The factors that shift the supply...
1  cards
Market Structures
What is the market structure conc...,
More competition to less competit...,
More concentration to less concen...
7  cards
Labour Demand
Who demands and supply s labour,
What does the demand curve for la...,
What of demand is labour
11  cards
Shifts In The Labour Demand Curve
What are the shifts in the labour...,
How can a change in the final pri...,
How can a change in demand for th...
5  cards

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Economics

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