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Economics

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

By: Charlotte Millington
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Decks in this class (14)

Glossary Definitions
Absolute advantage,
Absolute poverty,
Accelerator theory
527  cards
Real-world examples
Healthcare funding issues in africa,
How has the financial crisis affe...,
James dyson
38  cards
AS Unit 1: Basic Economic Ideas and Resource Allocation
Economics key conecpets,
The basic economic problem,
Opportunity cost
48  cards
AS Unit 2: The Price System and the Microeconomy
The price mechanism and markets,
Demand,
The demand curve
59  cards
AS Unit 3: Government Microeconomic Intervention
Market failure,
What are the 4 ways market failur...,
Addressing the non provision of p...
31  cards
AS Unit 4: The Macroeconomy
National income statistics,
Gross domestic product,
Gross national income
76  cards
AS Unit 5: Government Macroeconomic Intervention
Price stability,
Low unemployment,
Economic growth
57  cards
AS Unit 6: International economic issues
Absolute advantage,
Comparative advantage,
What is free international trade
75  cards
AL Unit 7: The Price System and the Microeconomy
Utility,
Total utility,
Marginal utility
118  cards
AL Unit 8: Government Microeconomic Intervention
Specific and ad valorem indirect ...,
Subsidies,
Maximum price controls
62  cards
AL Unit 9: The Macroeconomy
The multiplier,
Calculation of the multiplier,
Average propensity to consumer an...
94  cards
AL Unit 10: Government Macroeconomic Intervention
0  cards
AL unit 11: International Economic Issues
0  cards
Unit 7 20 markers
Assumptions of indifference curves,
What does an indifference curve show,
What does a budget line show
14  cards

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Economics

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