This class was created by Brainscape user Shyan Sammut. Visit their profile to learn more about the creator.

Decks in this class (23)

Unit 1: The Economic Problem
Economic problem,
Scarcity,
Choice
22  cards
Unit 2: Demand, Supply and Price Determination
Market,
Types of markets,
Normal goods
33  cards
Unit 3: Concept of Elasticity
Price elasticity of demand ped,
Sign,
Magnitude
10  cards
Unit 4: Application of Elasticities
Indirect taxes,
Incidence of tax,
Ped pes
36  cards
Unit 5: Consumer Behaviour
Consumer behavior,
Law of diminishing marginal utility,
Utility
18  cards
Unit 6: Theory of the Firm
Firm,
Short run,
Long run
28  cards
Unit 7: Profit Maximization and Loss Minimization
Profit maximization equilibrium,
Normal profit,
Abnormal profit
11  cards
Unit 8: Perfect Competition
0  cards
Unit 9: Monopoly
0  cards
Unit 10: Imperfect Competition
0  cards
Unit 11: Labour Market
0  cards
Unit 12: Market Failure
0  cards
Unit 13: International Trade
0  cards
Unit 14: National Income Accounting
0  cards
Unit 15: Consumption
Consumption,
Absolute income hypothesis,
Keynes consumption function
29  cards
Unit 16: Investment
Investment,
Types of investment,
Paradox of thrift
28  cards
Unit 17: Government and Fiscal Policy
Macroeconomic policy,
Objectives of economic policy,
Policies to achieve these objectives
48  cards
Unit 18: Money and Monetary Policy
0  cards
Unit 19: Inflation
0  cards
Unit 10: Unemployment
0  cards
Unit 21: International Trade
0  cards
Unit 22: Economic Growth
0  cards
Past Paper Questions
Discuss two challenges resulting ...,
A movement along the demand curve...,
Use a demand and supply curve dia...
142  cards

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Economics

  • Class purpose General learning

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