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

Decks in this class (16)

Micro: Economic Methodology and the Economic Problem
What is economics,
What does economics study,
What do economic agents make econ...
75  cards
Micro: Individual Economic Decision Making
What does looking at the margin mean,
What do economic agents make thei...,
What are examples of decisions be...
109  cards
Micro: Price Determination In A Competitive Market
What does the demand curve illust...,
Draw the demand curve,
What is willingness to pay
6  cards
Micro: Production, Costs And Revenue
What is productivity,
What does productivity measure,
What does overall productivity fe...
6  cards
Micro: Competitive And Concentrated Markets
How can industries be different,
What key questions define market ...,
What are the types of market stru...
9  cards
Micro: The Labour Market
What type of demand is demand for...,
What is a derived demand,
What happens to demand for labour...
6  cards
Micro: Poverty And Inequality
What is income,
What is wealth,
How often is income measured
6  cards
Micro: Market Failure
What does the price mechanism inv...,
What does the price mechanism inv...,
What will a change in the price o...
6  cards
Micro: Government Intervention
What can the free market result in,
What does the uk government havin...,
Why do governments want to consum...
6  cards
Macro: Measurement Of Macroeconomic Performance
What are the objective goals of,
How do governments try to achieve...,
What is a fiscal debt
9  cards
Macro: How The Macroeconomy Works
What does the circular flow of in...,
What do firms pay households for,
What do house holds pay firms for
9  cards
Macro: Economic Performance
What is economic growth,
Draw a short run economic growth ...,
How can short run economic growth...
9  cards
Macro: Financial Markets And Monetary Policy
What problems does money solve,
What are the four main functions ...,
What is liquidity
6  cards
Macro: Fiscal Policy And Supply-Side Policies
What does fiscal policy involve,
What does ad equal according to e...,
In the ad equation what will chan...
6  cards
Macro: The International Economy
What is globalisation defined in ...,
What are some valuables should yo...
2  cards
Graphs
Draw production possibility curve...,
Draw ppf showing economic growth,
Draw ppf showing an inefficient a...
4  cards

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Economics

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