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Neerav Soni
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Decks in this class (22)
1.1 Basic Economic Problem
Economic problem,
Consumers,
Producers
13
cards
2.1 Role of Markets
Specialisation,
Division of labour,
Benefits of specialisation consumers
10
cards
2.2 Demand
Demand,
Law of demand
15
cards
2.3 Supply
Supply,
Factors affecting a shift in supply,
Consequences of a shift in supply
10
cards
2.4 Price
Price definition,
Equilibirum price,
Disequilibrium
5
cards
2.5 Competition
Competiton definiton,
Why do firms compete,
Features of a competitive market
12
cards
2.6 Production
What is total cost,
What is average cost,
What is total revenue
25
cards
2.7 Labour Market
What is national insurance,
What is a pension,
Definition of labour market
11
cards
2.8 Role of Money and Financial Markets
What is money,
What are the 4 functions of money,
What will a fall in interest rate...
14
cards
3.0 Intro to Macro
What are the 4 main macroeconomic...
1
cards
3.1 Economic Growth
What is gdp,
What is the definition of economi...,
What is real gdp
21
cards
3.2 Low Unemployment
What is the population of working...,
What is the economically active t...,
What is the economically inactive
16
cards
3.3 Fair Distribution of Income
What is the definition of income,
What is the definition of wealth,
What is the definition of income ...
29
cards
3.4 Price Stability
What is the definition of inflation,
What is deflation,
What is hyperinflation
12
cards
3.5 Fiscal Policy
What is the definition of fiscal ...,
What is a budget deficit surplus,
What is government debt
13
cards
3.6 Monetary Policy
What is the definition of monetar...,
What is expansionary monetary policy,
What is contractionary monetary p...
10
cards
3.7 Supply Side Policies
What is a supply side policy,
What is the difference between ma...,
What are the 3 reasons goals for ...
17
cards
3.8 Limitations of Markets
What is the definition of an exte...,
What is the definition of a negat...,
What is the definition of a posit...
23
cards
4.1 Importance of International Trade
What is international trade,
What are exports,
What are imports
9
cards
4.2 Balance of Payments
What is the balance of payments,
What is a current account,
What should the current account t...
27
cards
4.3 Exchange Rates
Why do we need foreign currency,
What is the definition of an exch...,
How is the exchange rate determined
16
cards
4.4 Globalisation
What is the definition of globali...,
In what 4 ways does globalisation...,
What is the definition of free trade
26
cards
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Economics GCSE
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