This class was created by Brainscape user Michelle FOSTER. Visit their profile to learn more about the creator.
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Michelle FOSTER
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Decks in this class (14)
Theme 1: Nature of Economics
Define ceteris paribus 1,
Explain the difference between a ...,
Define opportunity cost 3
22
cards
Theme 1: How markets work
0
cards
Theme 1: Market Failure
0
cards
Theme 1: Government Intervention
0
cards
Theme 2: Measures of Economic Performance
List the macroeconomic objectives 1,
Explain the main 4 macroeconomic ...,
Explain economic growth and how i...
26
cards
Theme 3.1: Business Growth
Why might firms choose to stay sm...,
Why might some firms grow 2,
Explain the principal agent probl...
28
cards
Theme 3.2: Business Objectives
What is the most common assumptio...,
List all potential business objec...,
Describe profit maximisation 3
20
cards
Theme 3.3: Costs and Revenue
Total fixed costs tfc 1,
Average fixed costs afc 2,
Variable costs 3
35
cards
Theme 3.4: Market Structures
What are the four key characteris...,
Give the four assumptions and imp...,
Give three examples of monopolist...
83
cards
Theme 3.5: Labour Market
What is demand for labour 1,
List the four main factors influe...,
How does labour productivity infl...
46
cards
Theme 3.6: Government Intervention
What are the variants for price r...,
Give the arguments in favour of p...,
Give the arguments against price ...
41
cards
Microeconomics Section A
With reference to the information...,
Which economic thinker supported ...,
Which of the following would be m...
37
cards
Macroeconomics Section A
Which one of the following is the...,
Explain one likely reason for the...,
Explain one likely cost of uk rea...
61
cards
Theme 1 Section A
Given two examples or an extract ...,
Explain one advantage of the divi...,
One disadvantage a sandwich makin...
3
cards
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Economics
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