This class was created by Brainscape user Jess Diedericks. Visit their profile to learn more about the creator.
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Jess Diedericks
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Decks in this class (7)
4.1.1 Globalisation
What does globalisation refer to,
How does the oecd define globalis...,
How can globalisation be defined ...
26
cards
4.1.2 Specialisation & Trade
What is the theory of comparative...,
When does absolute advantage exist,
When does comparative advantage e...
18
cards
4.1.4 Terms of Trade
1
cards
1.2.1 Rational Decision Making
What are the 3 main underlying as...,
What is meant by consumers aiming...,
What is meant by firms aiming to ...
4
cards
1.2.2 Demand
Define demand,
What does a change in price lead to,
What leads to a shift of the dema...
14
cards
1.2.6 Price Determinism
What is the equilibrium point,
What is the equilibrium also know...,
Why is there sometimes excess demand
4
cards
1.2.8 Consumer and Producer Surplus
What is the marginal benefit curve,
Define total utility,
Define marginal utility
15
cards
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Economics
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