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Sophia Measures
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Decks in this class (15)
macroeconomics real life example
Fast economic growth 1,
Slow stagnant economic growth 2,
Low unemployment 3
33
cards
4.2.6 international economics
State 5 causes of globalisation 1,
Explain how containerisation caus...,
Explain how technological advance...
153
cards
4.1.4 production costs and revenues
What is production 1,
Define productivity 2,
Define labour productivity 3
72
cards
4.1.5 competition/ types of market
4 main market types from least to...,
Market structure is characterised...,
Homogoneous 3
97
cards
4.2.1 measuring macro performance
4 main macroeconomic objectives 1,
What is gdp 2,
Economic growth is 3
24
cards
4.2.2 the macroeconomy
What does national income measure 1,
Does an increase in national inco...,
Income 3
24
cards
4.2.3 economic performance
Short run growth 1,
Long run growth 2,
Potential output 3
61
cards
4.1.1 economic methodology and economic problem
How is economics a social science 1,
Methodology of economics 2,
Positive statement 3
25
cards
4.2.5 fiscal and supply side policies
What is fiscal policy 1,
3 macro functions of fiscal policy 2,
3 micro functions of fiscal policy 3
40
cards
4.2.2 financial markets and monetary policy
Characteristics of money 1,
Functions of money 2,
What is the money supply 3
61
cards
4.1.2 consumer behaviour
Marginal utility 1,
Total utility 2,
Utility maximisation 3
19
cards
4.1.3 price determination in a competitive market
Demand 1,
Movement up demand curve 2,
Movement down demand curve 3
33
cards
4.1.7 distribution of income and wealth, poverty and inequality
Wealth 1,
Wealth inequality 2,
Income 3
17
cards
4.1.8 Market Mechanism, Market Failure and Government Intervention in Markets
Rationing function of price 1,
Incentive function of price 2,
Signalling function of price 3
63
cards
4.1.6 labour markets
What is the substitution effect 1,
What is the income effect 2,
Ny taxi driver dilemma 3
30
cards
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