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By:
Oliver Bennett
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Decks in this class (22)
Theme 1: How do Markets Work
When making economic decisions co...,
Consumer utility,
Two ways to make a decision are
40
cards
Theme 1: Nature of Economics
Positive statement,
Normative statements,
Basic economic problem
32
cards
Theme 1: Government Intervention
Why do governments intervene,
Two types of indirect tax,
Ways in which the government corr...
17
cards
Theme 1: Market Failure
3 types of market failures,
Private benefit,
Social benefit
23
cards
Theme 2: Measures of Economic performance
Economic growth,
Real gdp,
Nominal gdp
53
cards
Theme 2: Aggregate Demand
What is the equation for aggregat...,
C in the equation for aggregate d...,
I in the equation for aggregate d...
27
cards
Theme 2: Aggregate Supply
Difference between long run and s...,
What shape is the classical lras ...,
What are the axis for lr diagrams
13
cards
Theme 2: National Income
What do households supply firms with,
National income equals,
What are the 3 examples of withdr...
18
cards
Theme 2: Economic Growth
Economic growth,
6 factors that cause economic growth,
When does a country have a compar...
20
cards
Theme 2: Macroeconomic Objectives and Policies
The 4 main macroeconomic objectives,
What is the uk s long run trend o...,
What is the aim for rate of unemp...
46
cards
Theme 3: Business Growth
Why do some firms decide to stay ...,
Why do firms decide to grow,
Principle agent theory
26
cards
Theme 3: Business Objectives
Profit maximisation,
When does profit increase,
When does profit decease
9
cards
Topic 3: Revenues, Costs and Profits
How do you calculate types of rev...,
Marginal revenue,
Where on a diagram is marginal re...
26
cards
Theme 3: Market Structures
Allocative efficiency,
Productive efficiency,
Dynamic efficiency
40
cards
Theme 3: Labour markets
Factors that effect the demand fo...,
Factors that effect the supply of...,
Geographical immobility
24
cards
Theme 3: Government Intervention
How do governments prevent monopo...,
How does the government intervene...,
How does competitive tendering fo...
14
cards
Theme 4: International Economics
Characteristics of globalisation,
What factors have contributed to ...,
What are 2 strengths of globalisa...
84
cards
Theme 4: Emerging and Developing Economies
What is the human development index,
Wh,
Advantages of using the hdi to co...
47
cards
Theme 4: Poverty and Inequality
Ab,
How is absolute poverty measured,
Relative poverty
14
cards
Theme 4: Financial Markets
What,
Types of financial markets,
What are the different purposes o...
21
cards
Theme 4: The role of the state in the macro-economy
What is the total amount that the...,
3 types of public expenditure,
What of gdp in 2018 19 was planne...
47
cards
Micro and Macro Effects 25 Markers
Micro policies micro effect,
Micro policies macro effect,
Exchange rate changes macro effects
12
cards
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Economics
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