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Leona Berisha
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Decks in this class (25)
1.1.1 Economics as a social science
Ceteris paribus 1
1
cards
1.1.2 Positive and Normative statements
Positive statement 1,
Give an example of a positive sta...,
Normative statement 3
5
cards
1.1.3 The economic problem
What is the economic problem elab...,
Give examples of scarcity 2,
Renewable resources 3
10
cards
1.1.4 Production possibility frontiers
Ppf 1,
The maximum potential of an econo...,
Opportunity cost 3
12
cards
4.1.9 International Competitiveness
International competitiveness 1,
The two metrics used to make a co...,
Relative unit labour costs 3
10
cards
4.1.8 Exchange rates
Exchange rates 1,
Exchange rate systems 2,
Floating exchange rate 3
11
cards
2.6.2 Demand-side Policies
What are demand side policies 1,
Monetary policies 2,
Fiscal policies 3
9
cards
2.1.1 Economic Growth
When does economic growth occur 1,
Explain gdp 2,
What does economic growth improve...
8
cards
4.1.1 Globalisation
What is globalisation 1,
What does globalisation involve 2,
Factors contributing to globalisa...
8
cards
4.1.2 Specialisation and trade
What is absolute advantage 1,
What is comparative advantage 2,
Assumptions and limitations relat...
6
cards
4.1.3 Pattern of trade
What factors influence the patter...,
How does comparative advantage in...,
Why has there been more exports f...
6
cards
2.1.4 Balance of payments
What is the balance of payment ma...,
What is a current account surplus 2,
What is a current account deficit 3
5
cards
3.1.1 Size and types of firms
Reasons why firms grow 1,
Reasons why small firms exist 2,
Blank 3
3
cards
4.3.3 Strategies Influencing Growth And Development
Give examples of market orientate...,
How is trade liberalisation used ...,
How is promotion of fdi used as a...
18
cards
1.1.5 Specialisation And The Division Of Labour
What is specialisation 1,
What is the division of labour 2,
What should a country do to maxim...
15
cards
1.1.6 Free Market Economies, Mixed Economy And Command Economy
What is a free market economy 1,
What is the difference between ho...,
Are there free markets in the wor...
14
cards
1.2.1 rational Decision Making
What are the underlying assumptio...,
Explain how consumers aim to maxi...,
Explain how firms aim to maximise...
4
cards
1.2.2 Demand
What is demand 1,
What is a movement along the dema...,
What is a shift in the demand cau...
8
cards
1.2.3 Price, Income And Cross Elasticities Of Demand
0
cards
4.5.1 Public Expenditure
What are the types of expenditure 1,
What is capital government expend...,
What is general government final ...
13
cards
4.5.2 Taxation
What is tax used for 1,
What is the uk government s curre...,
What is progressive tax 3
9
cards
3.4.1 Efficiency
What is allocative efficiency 1,
What is productive efficiency 2,
What is dynamic efficiency 3
4
cards
3.4.2 Perfect Competition
Outline perfect competition and g...,
What are the characteristics of p...,
Blank 3
3
cards
3.3.3 External Economies Of Scale
What are external economies of sc...,
What are some examples of externa...,
What are the reasons for external...
7
cards
3.3.3 Internal Economies Of Scale
0
cards
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