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Unknown Unknown
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Decks in this class (41)
Theme 1- Nature of economics (key terms)
The economic problem 1,
The factors of production 2,
Opportunity cost 3
16
cards
Theme 2- Economic growth (key terms)
Gdp gross domestic product 1,
Economic growth 2,
Gni 3
10
cards
2.1 - Measures of economic performance
What is economic growth 1,
What is gdp 2,
What is the difference between re...
58
cards
2.5 - Economic growth
What is economic growth 1,
What causes short run growth 2,
What causes long run growth 3
14
cards
2.4 - National Income
What is the circular flow of inco...,
What is the difference between in...,
What are injections and withdrawa...
12
cards
Theme 2- Investment (key terms)
Gross investment 1,
Depreciation 2,
Net investment 3
7
cards
Theme 2- The multiplier (key terms)
The multiplier 1,
Mpc marginal propensity to consume 2,
Mps marginal propensity to save 3
7
cards
Theme 2- National Income (key terms)
The extended circular flow model 1,
Injection 2,
Withdrawal 3
9
cards
Theme 2- Consumption (key terms)
The consumption function 1,
Average propensity to consume apc 2,
Marginal propensity to consume mpc 3
15
cards
2.2 - Aggregate demand
What is aggregate demand 1,
What are the components of aggreg...,
What is the distinction between a...
44
cards
1.2 - How markets work
How do firms use utility theory t...,
How does the government use utili...,
How do consumers use utility theo...
32
cards
Theme 2- Government expenditure (key terms)
Public expenditure 1,
Government revenue 2,
Fiscal policy 3
7
cards
Theme 2- Net Trade (key terms)
Exchange rates 1,
International competitiveness 2,
Non price factors 3
4
cards
Theme 2- Balance of payments (key terms)
Balance of payments 1,
Current account 2,
Financial account 3
12
cards
Theme 1- How the market works (key terms)
Normal goods 1,
Inferior goods 2,
Xed 3
40
cards
Theme 2- Aggregate supply (key terms)
Aggregate supply 1,
Short run as influences 2,
Long run as influences 3
11
cards
Theme 2- Inflation (key terms)
Inflation 1,
Deflation 2,
Disinflation 3
15
cards
Theme 2- Employment & Unemployment (key terms)
Claimant count 1,
Labour force survey ilo 1,
Underemployment 2
19
cards
Theme 2- Output gaps & Business cycle (key terms)
Trend growth 1,
Business cycle 2,
Seasonal adjustments 3
23
cards
Theme 2- Macroeconomic objectives and policies (key terms)
Central bank policy interest rate 1,
Cyclical budget fiscal deficit 2,
Demand side policies 3
44
cards
2.3- Aggregate Supply
What is aggregate supply 1,
What is the distinction between l...,
What causes a movement along the ...
14
cards
Theme 2- Aggregate demand (key terms)
Consumption c 1,
Aggregate demand ad 2,
Investment i 3
5
cards
Theme 1 - Market failure (key terms)
Public goods 1,
Non excludable 2,
Non rivalrous 3
21
cards
Theme 1 - Government intervention (key terms)
Government information 1,
Minimum price 1,
Maximum price 2
9
cards
2.6 - Macroeconomic objectives and policies
What are the possible macroeconom...,
What is sustained economic growth 2,
What is full employment 3
32
cards
1.3- Market failure
What is market failure 1,
What are the different types of m...,
What is an externality 3
22
cards
1.4. Government intervention
What is government intervention 1,
What are the advantages of indire...,
What are the disadvantages of ind...
29
cards
3.1 - Business Growth
Why do firms want to grow 1,
Why do small firms exist 2,
What is divorce of ownership of c...
26
cards
4.1 - International Economics
What is globalisation 1,
What are the four main characteri...,
What factors have contributed to ...
89
cards
3.2 - Business Objectives
What is profit maximisation 1,
Why do firms want to profit maxim...,
Why do some firms choose not to p...
9
cards
3.3 - Revenue, costs and profits
What is marginal revenue 1,
What is average revenue 2,
What is total revenue 3
41
cards
3.4 - Market Structures
What are the 4 types of efficiency 1,
What is the difference between al...,
What is the difference between x ...
45
cards
4.2 - Poverty and Inequality
What is absolute poverty 1,
What is relative poverty 2,
What are the most important facto...
19
cards
4.3 - Emerging and Developing economies
What are the 5 main indicators of...,
What is economic development 2,
What are composite indicators 3
76
cards
4.4 - The financial sector
What are the roles of financial m...,
How do financial markets facilita...,
How do financial markets facilita...
18
cards
theme 4 case studies
What is your primary product deve...,
What percentage of algeria s tota...,
What percentage of algeria s gdp ...
28
cards
theme 3 case studies
What are your case study examples...,
How are walking bus tours in lond...,
How are online music downloads an...
22
cards
theme 1 case studies
Free market economy case study 1,
Command economy case study 2,
Negative production externality c...
12
cards
3.5 - Labour Market
What does excess supply show in t...,
What is the difference between th...,
What is elasticity of labour dema...
26
cards
4.5 - The Role of the State in the Macroeconomy
What was a budget deficit 1,
Case study what happened to the u...,
Case study what happened to chile...
49
cards
Essay structure
What is the structure for 6 marke...,
What is the structure for 8 marke...,
What is the structure for 10 mark...
6
cards
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Economics
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