This class was created by Brainscape user Elisabeth Bulloch. Visit their profile to learn more about the creator.
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Decks in this class (31)
Monopoly + Monopolistic competition + Perfect competition
What is the definition of a monop...,
What are the characteristics of a...,
What does a monopoly graph look l...
22
cards
Price discrimination
What is the definition of price d...,
What is first degree price discri...,
What is second degree price discr...
7
cards
Oligopoly
What are the characteristics of o...,
What is the definition of market ...,
What is the significance of conce...
19
cards
Comparative advantage
What is comparative advantage 1,
What is absolute advantage 2,
What are the costs of comparative...
3
cards
Restrictions on free trade
What is protectionism 1,
What is a trade barrier 2,
What is a tariff 3
23
cards
Globalisation
What is globalisation 1,
What is de globalisation 2,
What is a multinational company m...
18
cards
Trade blocs
What is a free trade area 1,
What is a customs union 2,
What is a single market 3
21
cards
Exchange rates
What is a free floating exchange ...,
What are the benefits of a free f...,
What are the disadvantages of fre...
13
cards
Terms of trade
What are terms of trade how to ca...,
What are the impacts of a country...,
What are the long run factors inf...
4
cards
The financial sector
What are the roles of the financi...,
Why does the market in financial ...,
What are the roles of central ban...
9
cards
Elasticities
What is the price elasticities of...,
What are the conditions of ped 2,
What is price elasticity of suppl...
6
cards
Profits + Revenue + Costs
What is the profit calculation 1,
What is normal profit 2,
What is economic cost 3
23
cards
Economies and diesconomies of scale
What are economies of scale 1,
What are constant returns to scale 2,
What is minimum efficient scale m...
19
cards
The economic problem
What is the basic economic problem 1,
What are the factors of productio...,
What is opportunity cost 3
14
cards
How markets work
What is rational decision making 1,
What is demand and the demand cur...,
What are the movements along a de...
7
cards
Government intervention
What is maximum price and its dis...,
What is indirect taxation 2,
What is minimum price and its dis...
6
cards
Market failure
What are the price mechanism s fu...,
What are information gaps 2,
What is market failure 3
11
cards
Economic growth
What are the causes of growth 1,
What is wellbeing 2,
What is standard of living 3
11
cards
Balance of payments
What is the balance of payments 1,
What is the current account 2,
What is the capital account 3
4
cards
Inflation
What are the causes of inflation 1,
What is the price survey and cpi ...,
What is inflation 3
7
cards
Unemployment
How to measure unemployment 1,
What is underemployment 2,
What is migration and its effects 3
8
cards
Demand side policies
What is the definition of monetar...,
What is contractionary and expans...,
What is the mpc 3
7
cards
Supply side policies
What are some interventionist exa...,
What are supply side policies 2,
What are free market examples 3
3
cards
Business growth
What is organic internal growth 1,
What is external growth 2,
What is a merger and a takeover 3
20
cards
Poverty and inequality
What is absolute poverty 1,
What is relative poverty 2,
What are the causes of changes in...
17
cards
Emerging and developing countries
What is economic development 1,
What are the measures of developm...,
What is the human development ind...
25
cards
Role of state in the macroeconomy
What is public expenditure 1,
What are the 3 categories of publ...,
How is changing incomes a reason ...
30
cards
Macroeconomic policies in a global context
Are economies isolated or highly ...,
What is the effectiveness of macr...,
Explain the aim of reducing fisca...
12
cards
Labour market
What is the labour market compose...,
How does the price of the product...,
How does the demand for the final...
23
cards
Government intervention
What is the competition and marke...,
How does the cma control mergers 2,
How is price regulation a type of...
13
cards
Exam technique
What is in paper one 1,
What is in paper two 2,
What is in paper three 3
7
cards
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