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Economics

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

By: Veronica Chiaravalli
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Decks in this class (18)

Definitions
Abnormal profit,
Absolute advantage,
Absolute poverty
405  cards
Calculations
What is the formula for ped,
What is the formula for total rev...,
What is the formula for yed
32  cards
Introduction to Economics
Explain the social nature of econ...,
Distinguish between micro and mac...,
What are the concepts of economics
26  cards
Micro – Basics
What is a market,
State the law of demand,
What are the non price determinan...
45  cards
Micro – Elasticities
What is the formula to calculate ped,
State and explain the values of ped,
How is ped distributed along a st...
18  cards
Micro – Intervention
Why do governments intervene in t...,
What are the types of interventio...,
What are price controls
25  cards
Micro – Market Failure
What are common pool resources,
What is the tragedy of commons,
What is unsustainable production
53  cards
Micro – Market Power
What are the types of market stru...,
What is market power,
What are the characteristics of p...
72  cards
Macro – National Accounting
What are the approaches that can ...,
Explain the expenditure approach,
Explain the income approach
20  cards
Macro – AD and AS
What are the components of aggreg...,
What are the determinants of cons...,
What are the determinants of inve...
21  cards
Macro – Objectives
What are the four macroeconomic o...,
State the formula for unemploymen...,
What are the difficulties in meas...
50  cards
Macro – Inequality
What characterizes economic inequ...,
How can the lorenz curve measure ...,
How can the gini coefficient meas...
28  cards
Macro – Policies
What are demand side policies,
What are supply side policies,
What are the types of demand side...
46  cards
Global – International Trade
What are the benefits countries o...,
What is free trade,
How does a country decide what go...
40  cards
Global – Economic Integration
What is economic integration,
What are the types of trade agree...,
What are preferential trade agree...
24  cards
Global – Exchange Rates
How do supply and demand affect t...,
Define exchange rates,
What are the types of exchange rates
60  cards
Global – Sustainable Development
What is sustainable development,
What are the sustainable developm...,
Give three examples of sdgs
52  cards
Global – Strategies for G&D
List all the strategies that can ...,
What international trade strategi...,
What is import substitution
52  cards

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Economics

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