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

Decks in this class (21)

Micro 2: Factors of Production and the PPF diagram
What are the factors of production 1,
Why do firms producers of goods a...,
What are factor payments 3
34  cards
Macro 1: Macroeconomics Indicators and Government Objectives
What is macroeconomics 1,
What is microeconomics 2,
What are macroeconomic indicators 3
39  cards
Micro 1: What is Economics?
What is the fundamental economic ...,
When is economic activity taking ...,
What is opportunity cost 3
11  cards
Macro 2: Circular Flow of Income and GDP
What is an economic agent 1,
What are the three main economic ...,
What is the role objective aim an...
45  cards
Micro 3: Consumer behaviour, utility and the demand curve
What is utility maximisation 1,
What does it mean when economists...,
What is a market 3
29  cards
Macro 3: Determinants of AD and SRAS
What is aggregate demand 1,
What is aggregate supply 2,
What does the aggregate demand an...
52  cards
Micro 4: Productivity, A Firm's Costs and the Supply Curve
What is short run analysis 1,
What is long run analysis 2,
What does it mean if analysis is ...
48  cards
Micro 5: Price Equilibrium and the Market Mechanism
What are the most effective metho...,
What happens in the market if the...,
What is market equilibrium 3
49  cards
Macro 4: Balance of Payments and Trade
What are the three accounts on th...,
What does the bop record 2,
What are the 4 sections in the cu...
22  cards
Micro 6: Interrelationship Between Markets
What is joint demand and what are...,
What is competitive demand and wh...,
What is composite demand and what...
21  cards
Macro 5
What is lras influenced by 1,
What does the classical view beli...,
What does the classical view beli...
18  cards
Micro 7: Revenue, Profit and Efficiency
What is total revenue 1,
What is average revenue 2,
What is marginal revenue 3
8  cards
Macro 6: Short Run and Long Run Growth
What does short run analysis mean...,
What does short run growth mean 2,
How do we achieve long run growth 3
44  cards
Micro 8: Consumer and Producer Surplus and Allocative Efficiency
What is consumer surplus 1,
What is producer surplus 2,
What does the market price mechan...
10  cards
Micro 22: The Labour Market
Explain why demand for labour is ...,
Explain what would cause a shift ...,
Explain the relationship between ...
7  cards
Micro 21: Behavioural Economics and Government Policy
How can choice architecture be us...,
What are examples of choice archi...,
Evaluate choice architecture 3
10  cards
Micro 22: The Labour Market
0  cards
Macro 20: Financial Markets and Monetary Policy
Explain the characteristics and f...,
Explain where different forms of ...,
Distinguish between the money mar...
16  cards
Macro 19: Economic growth and development
Explain the difference between gr...,
Explain different methods of meas...,
Outline the main characteristics ...
12  cards
Micro 25: Market Structures
Explain how and under what condit...,
Evaluate the advantages and disad...,
Blank 3
3  cards
Micro 16: Price controls
What are price controls 1,
Blank 2,
Blank 3
4  cards

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Economics

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