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Economics A-Level

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

By: Aashika Neupane
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Decks in this class (12)

1.1 Nature of Economics (1.1.1 - 1.1.3)
What kind of science is economics,
What is a social science,
What is economics
34  cards
1.1 Nature of Economics (1.1.4 - 1.1.6)
What do ppfs show,
What happens to the ppf when ther...,
Why could the productive capacity...
37  cards
1.2 How markets work (1.2.1-1.2.2)
What does it mean to maximize uti...,
What is the objective of consumers,
What is the objective of firms
30  cards
1.2 How markets work (1.2.3-1.2.5)
What is price elasticity of demand,
What is the formula for ped,
When ped 1 what kind of demand is...
25  cards
1.2 How markets work (1.2.6 - 1.2.8)
What is supply,
What is an incentive,
When a firm s profits increases w...
27  cards
1.2 How markets work (1.2.9-1.2.10)
What is price,
What is the price mechanism,
What are the 3 functions of price...
12  cards
1.2 (PMT flashcards 1.2.1-1.2.3)
What are the 3 underlying assumpt...,
What is demand,
What is a movement along the dema...
47  cards
1.2 (PMT notes flashcards 1.2.4 -
1  cards
1.1 Nature of Economics (1.1.1 - 1.1.4)
What is economics,
What kind of science is economics,
Why do economists develop models
29  cards
1.3 Market failure (types of market failure and externalities)
What is market failure,
What are the three causes of mark...,
What does market failure cause
22  cards
1.3 Market failure (public goods and information gaps)
What are public goods,
What are the two key characterist...,
What does non rivalry mean in the...
17  cards
1.4 Government intervention (government intervention in markets and government failure)
What are indirect taxes,
What are the two types of indirec...,
What is an ad valorem tax
31  cards

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Economics A-Level

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1089 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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