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

Decks in this class (15)

Section 1 - The Economic Problem
What do economists do to compensa...,
Ceteris paribus definition 2,
When do economists use ceteris pa...
114  cards
Section 2 - Price Determination
Market definition 1,
Sub markets deifintion 2,
Supply and demand 3
67  cards
Section 3 - Business Economics
What is the definition of product...,
Input 2,
Tangible 3
146  cards
Section 4 - Competitive and Concentrated Markets
Model of perfect competition 1,
What conditions are satisfied in ...,
What conditions are satisfied in ...
125  cards
Section 5 - Market Failure
Market failure 1,
What are the 2 types of market fa...,
Complete market failure 3
92  cards
Section 6 - Government Intervention
Taxation intro 1,
Specific taxes 2,
Specific tax diagram 3
68  cards
Section 8 - Measuring Economic Growth
What are the 4 main macroeconomic...,
How can economic growth be measur...,
National output definition 3
63  cards
Section 7 - The Labour Market
Economically active population de...,
Labour 2,
Demand for labour 3
100  cards
Section 9 - The Circular Flow of Income
The circular flow of income 1,
Circular flow of income formula 2,
What are the 2 types of flow in c...
86  cards
Section 10 - Government Economic Policy Objectives
What are the 4 main objectives fo...,
Main objectives for government ma...,
Main objectives for government ma...
187  cards
Section 11 - Macroeconomic Policy Instruments
Fiscal policy definition 1,
What can fiscal policy be used for 2,
Types of fiscal policy 3
77  cards
Section 12 - The Financial Sector
Financial sector intro 1,
Everyday forms of borrowing for i...,
Everyday forms of borrowing for i...
88  cards
Section 13 - The International Economy
Developed countries definition 1,
Less economically developed count...,
Emerging countries definition 3
86  cards
Section 14 - Economic Development
Economic growth definition 1,
Economic development 2,
National income data list 3
59  cards
The distribution of income and wealth
Wealth d 1,
Marketable wealth d 2,
Non marketable wealth d 3
36  cards

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Economics Sections

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