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CSEC Economics w/ Miss Roach

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

By: Amaia Gooding
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Decks in this class (21)

Market
Market 1,
Trade 2,
Market consists of 3
15  cards
Demand
Demand 1,
Effective demand 2,
Demand schedule 3
20  cards
Supply
Supply 1,
Relationship between the price of...,
Supply curve 3
14  cards
Define Economics
Define the term economics 1,
Economics as a social science inc...,
There are two 2 branches of econo...
19  cards
PPF
Production possibility curve fron...,
Assumptions of a ppf 2,
Shifts of the ppf outward shift e...
22  cards
Economic Decisions
Economic agents and their objecti...,
Factors influencing economic deci...,
Factors influencing economic deci...
5  cards
Factors of Production
Factors of production 1,
The four factors of production 2,
Land 3
30  cards
Costs Of Production
Goods vs services 1,
Cost of production 2,
Time periods in economics 3
19  cards
Market Structures
Market structure 1,
Market definition 2,
When is market equilibrium achiev...
16  cards
Economies of Scale
What is the diseconomies of scale 1,
Economies of scale 2,
Internal economies of scale 3
24  cards
Factors affecting the FOP'S
Factors affecting land the supply...,
Labour 2,
The importance of labour 3
16  cards
Restoring Market Equilibrium
Rules for diagram 1,
Step 1 2,
Step 2 3
6  cards
Calculating and Interpreting Elasticity
Ped calcualtion 1,
Relatively elastic demand 2,
Relatively inelastic demand 3
22  cards
Economic Systems
Different economic systems 1,
Market economy 2,
Assumptions of market economies 3
10  cards
Government Intervention and Labour
Objectives of government interfer...,
Price ceiling 2,
Fixing a price ceiling 3
14  cards
Long Run
Time periods in economy 1,
Long run 2,
More information on the long run 3
18  cards
Short Run
Short run 1,
Total cost tc 2,
In the short run there is one fix...
13  cards
Revenue and Profit and Market Structures (Long run and Short run)
Total revenue 1,
Average revenue 2,
Marginal revenue 3
30  cards
Labour Market and Trade Unions
The labour market 1,
Demand for labour 2,
Supply of labour depends on a num...
18  cards
Social welfare and Market Failure
Maximisation of social welfare or...,
Production efficieny 2,
Allocative efficiency 3
17  cards
Financial Sector
What is the financial sector 1,
Financial services 2,
Examples of financial institutions 3
9  cards

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CSEC Economics w/ Miss Roach

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