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Raphael Llopart
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Decks in this class (31)
2.1 Demand
What is demand,
Law of demand,
Market demand
15
cards
2.2 Supply
What is supply,
Law of supply,
Market supply
16
cards
2.3 Competitve Markets
What is a market,
What is competitive market equili...,
What is market disequilibrium
11
cards
2.4 Critique Of Maximizing Behaviour Of Consumers And Producers
What is rational consumer choice,
Assumptions of rational consumer ...,
Explain consumer rationality
20
cards
2.5 Elasticities Of Demand
What is ped,
How to calculate ped,
Explain ped changing and the dema...
25
cards
2.6 Elasticity Of Supply
What is ped,
How to calculate pes,
When is pes inelastic and show th...
14
cards
2.7 Role Of Government In Microeconomics
Why do governments intervene into...,
Main forms of government interven...,
What are price controls
18
cards
2.8 Market Failures
What are common pool resources,
What is tragedy of the commons,
What is unsustainable production
14
cards
2.9 Market Failure - Public Goods
What can a public good be,
What is the free rider problem,
Government intervention to correc...
5
cards
2.10 Market Faukure - Asymmetric Infromation
What is asymmetric information,
2 types of asymmetric information,
What is adverse selection
5
cards
2.11 Market Failure - Market Power (theory Of The Firm )
What is perfect competition the c...,
Positives of perfect competition,
Negatives of the perfect competit...
41
cards
3.1 Measuring Economic Activity
What is the circular flow of inco...,
What are leakages and investments...,
How economic activity measured
20
cards
3.2 Aggregate Demand And Aggregate Supply
What is aggregate demand,
Determinants of aggregate demand,
Causes of changes in consumption ...
19
cards
3.3 Macroeconomic Objectives — Economic Growth
What is economic growth,
How to calculate economic growth ...,
What is short term growth vs long...
11
cards
3.3 Macroeconomic Objectives — Low Unemplyment
Unemployment definition,
What is underemployment,
What is unemployment rate and for...
14
cards
3.3 Macroeconomic Objectives — Low And Stable Rate Of Inflation
What is inflation,
What is deflation,
What is disinflation
15
cards
3.3 Macroeconomic Objectives — Sustainable Level Of Governement Debt
What is government debt,
What is a government budget,
What is a budget deficit and budg...
7
cards
3.3 Macroeconomic Objectives — Conflict Between Objetives
Conflict between low unemployment...,
What is the philips curve,
Explain the short run philips curve
5
cards
3.4 Economics Of Inequality And Poverty
Relationship between equality and...,
What is economic inequality,
What are 2 two main sources of ec...
29
cards
3.5 Demand Side Policy - Monetary Policy
What is monetary policy,
Goals of monetary policy,
What is interest
20
cards
3.6 Demand Side Policy - Fiscal Policy
Sources of government revenue,
Types of government expenditure,
What is fiscal policy
19
cards
3.7 Supply Side Polcies
What are supply side policies,
Goals of supply side policies,
2 types of supply side policies
21
cards
4.1 Benefits Of International Trade
Benefits of trade,
What is absolute advantage,
What is the theory of absolute ad...
7
cards
4.2 Types Of Trade Protection
What is trade protection,
What is a tariff,
Winners of imposition of tariffs
20
cards
4.3 Arguments For And Against Trade Control/Protection
Arguments for trade protection,
Arguments against trade barriers
2
cards
4.4 Economic Integration
What is economic integration,
6 stages of economic integration,
What is a preferential trade agre...
20
cards
4.5 Exchange Rates
What is floating exchange rates t...,
What is an appreciation of a curr...,
What is a deprecation of a curren...
19
cards
4.6 Balance Of Payments
What is the balance of payments,
What is a deficit and a surplus i...,
What are credits
23
cards
4.7 + 4.8 Sustainable Developement + Measuring Development
What is sustainable development,
How many sustainable development ...,
List 5 of the sdgs
10
cards
4.9 Barriers To Economic Growth
What is the poverty cycle and dra...,
Economic barriers to development,
Political and social barriers to ...
3
cards
4.10 Economic Growth/Development Strategies
Trade strategies to promote econo...,
Explain import substitutions and ...,
Explain export promotion and its ...
23
cards
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Economics IB HL
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