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david knox
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Decks in this class (14)
2. the economic concept of scarcity and choice
What is scarcity and how does it ...,
What are needs wants scarcity opp...,
Opportunity cost for individuals ...
13
cards
chapter 3 - economic, social and environmental sustainability
What is sustainable development,
What is economic environmental an...,
Economic indicators of a country ...
7
cards
chapter 4 - the market economy
The price mechanism 1 price signa...,
The price mechanism incentive fun...,
The price mechanism rationing fun...
23
cards
chapter 5 - the consumer
What is the role of the consumer,
Assumptions we make to study cons...,
Are consumers always rational wha...
12
cards
chapter 6 - The Firm
What are the roles of a firm in a...,
What is a fixed cost,
What is a variable cost
15
cards
chapter 7 - government intervention in the market
The role of the government in a m...,
Why does the government intervene...,
What are demerit goods
18
cards
chapter 8 market structures
Perfect competition,
Imperfect monopolistic competition,
Oligopoly
32
cards
Chapter 10 - Market Failure
What is a market failure,
What are examples of market failure,
What are externalities positive o...
19
cards
national income chapter 11
What are the 4 phases of the busi...,
V,
What is economic growth
32
cards
chapter 12 - fiscal policy and the budget framework
What is fiscal policy,
What is fiscal policy for the iri...,
Budget 2024 taxation
34
cards
chapter 13 employment and unemployment
What is unemployment,
What is the labour force and what...,
What the methods in which unemplo...
18
cards
chapter 14 monetary policy and the price level
Ecb monetary policy to achieve pr...,
If inflation continues at a high ...,
What is quantitative easing ecb
15
cards
chapter 15- the financial sector
What is the money supply,
What is money supply as defined b...,
How banks create credit the 4 steps
10
cards
chapter 16 - economic growth and development
What is the difference between ec...
1
cards
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