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Tom CANE
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Decks in this class (18)
1.1 The Nature Of Economics
What is the difference between a ...,
Define opportunity cost,
List the 4 factors of production
24
cards
1.2 How Markets Work
What assumptions are made about t...,
How does herd mentality may preve...,
How does habitual behaviour preve...
40
cards
1.3 Market Failure
Define market failure,
Define a public good,
Define non exculdeable and
14
cards
1.4 Government Intervention
What is a minimum price and why i...,
Draw a minimum price on a supply ...,
Give two disadvantages of minimum...
29
cards
2.1 Measures of Economic Performance
What are the seven macroeconomic ...,
Define economic growth and the wa...,
Whats the difference between real...
18
cards
2.2/2.3 Aggregate Demand & Supply
Define and formulate aggregate de...,
List the 5 factors that effect co...,
Explain the difference between ne...
9
cards
2.4/2.5 National Income & Economic Growth
Draw a circular flow diagram,
Explain the difference between in...,
Give the 3 injections of the circ...
13
cards
2.6 Macroeconomic Objectives and Policies
List the 7 macroeconomic objectives,
Explain the role of demand side p...,
What are the tools involved with ...
19
cards
3.1/3.2 Business Objectives and Growth
Give two reasons why firms tend t...,
Give two reasons why firms tend t...,
Explain the difference between pr...
32
cards
3.3 Costs, Revenues and Profits
Define and formulate total revenue,
Define and formulate average revenue,
Define marginal revenue
18
cards
3.4 Market Structures
What are the characteristics of p...,
Draw perfect competition for supe...,
What are the characteristics of m...
59
cards
3.5 Labour Market
List the factors that influence t...,
What does it mean if the demand f...,
List the factors that affect elas...
29
cards
3.6 Government Intervention
What is the role of the cma,
What is the impact of merger prev...,
Explain price capping rpi x and r...
16
cards
4.1 International Economics
Give the 5 characteristics of glo...,
Give two causes of globalisation,
What is the effect of globalisati...
20
cards
4.2 Poverty and Inequality
Explain the difference between ab...,
How do we measure absolute and re...,
Give 3 causes of absolute poverty
14
cards
4.3 Emerging and Developing Economies
List 3 interventionist strategies,
List 3 market based strategies
2
cards
4.4 The Financial Sector
Explain the role of retail banks,
Explain the role of commercial banks,
Explain the role of investment banks
15
cards
Last Minute
3 interventionist strategies,
3 market based strategies,
Benefits of trade
6
cards
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Economics
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