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Economics Revisin

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

By: Eddie Sutton
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Decks in this class (21)

Theme 1: Nature Of Economics
What is the economic problem,
What is opportunity cost,
What was adam smiths philosophy
7  cards
Theme 1: How Markets Work
Economic objectives of producers,
Economic objective of consumers,
Economic objective of government
17  cards
Theme 1: Market Failure
Types of market failure,
Externalities types,
Goverment intervention
6  cards
Theme 1: Government Intervention
Advantages of indirect taxation,
Disadvantages of indirect taxation,
Advantages of subsidies
15  cards
Theme 2: Measures Economic Perfomence
What are the types of gdp,
What is purchasing power parity,
Limitations of gdp
18  cards
Theme 2: Aggregate Demand
Components of aggregate demand,
Disposable income influence on sp...,
Relationship between savings and ...
9  cards
Theme 2 : Aggregate Supply
Short run and long run as,
Difference between keynsian and c...,
Factors influencing the long run as
3  cards
Theme 2: National Income
Circular flow of income,
Income and wealth,
Impact of injections and withdrawals
3  cards
Theme 2: Economic Supply
Causes of economic growth short run,
Causes of long term economic growth,
Negative output gap
4  cards
Theme 2: Macroeconomic Objectives And Policies
0  cards
Theme 3: Buisness Growth
Internal growth,
Horizontal intervention,
Organic growth
7  cards
Theme 3: Buisness Objectives
Revenue max,
Sales max,
Profit maximising
5  cards
Theme 3: Revenues Costs Profits
Diminishing returns,
Economies of scale,
Shutdown points
3  cards
Theme 3: Market Structure
Dynamic efficiency,
Productive efficiency,
X efficiency
14  cards
Theme 3: Labour Markets
Demand for labour
1  cards
Theme 3 : Goverment Intervention
0  cards
Theme 4: International Economics
Absolute advantage,
Comparative advantage,
Limitations of comparative advantage
4  cards
Theme 4 : Poverty And Inequality
0  cards
Theme 4 : Emerging And Developing Economies
0  cards
Theme 4: The Financial Sector
0  cards
Theme 4 : Role Of The State In The Economy
0  cards

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Economics Revisin

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