This class was created by Brainscape user Aaron Kingston. Visit their profile to learn more about the creator.
By:
Aaron Kingston
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Decks in this class (22)
Micro 1
What s scarcity,
What s the basic economic problem,
Economic questions
8
cards
Micro 4
What is labour productivity,
What is capital productivity,
What is land productivity
11
cards
Micro 5
What is a command economy,
Whats a mixed economy,
Whats a free market economy
32
cards
Micro 6
What is yed,
What is the formula for yed,
What is a normal good
16
cards
Micro 7
When does profit maximisation occur,
When does productive efficiency o...,
When does allocative frequency oc...
17
cards
Types of costs Micro 7
What is total cost,
What is fixed costs,
What are variable costs
10
cards
Micro 8
How should i remember how a consu...,
What is a consumer surplus,
What is the producer surplus
8
cards
Micro 9
What is the long run,
What is the short run,
How can firms increase output
11
cards
Micro 10
What are all the price functions,
What does rationing do,
What does signaling do
15
cards
Micro 11
What is market failure,
What is complete market failure,
What is partial market failure
18
cards
Micro 12
What are the 4 types of tax,
What does direct tax mean,
What does indirect tax mean
8
cards
Micro 13
What are behavioural economics,
What is traditional neoclassical ...,
What are subsidy s
26
cards
Behavioural economics
What is bounded rationality,
What is bounded self control,
What is an example of bounded rat...
8
cards
Macro 1
What is gdp,
Why is gdp important,
What is unemployment rate
13
cards
Macro 2
What is national income,
What is nominal income,
What is real income
16
cards
Macro 3
Aggregate,
Capital goods,
What are consumer goods
21
cards
Macro 4
What is bop,
What is bop made up of,
What does bop record
12
cards
Macro 5
What does it mean to be in a stat...,
What does sras mean,
What doe lras mean
3
cards
Macro 6
What are demand side shocks,
What are possible causes of a dem...,
What is the result of a demand si...
15
cards
Macro 7
What is the target for steady eco...,
What is the aim for unemployment,
What is the target for inflation
6
cards
Macro 8
What does ilo stand for,
What are the 4 types of unemployment,
What is frictional unemployment
11
cards
Macro 9
What is inflation,
What is deflation,
What is hyperinflation
11
cards
More about
Economics
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