Economics w/ Miss Roach

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

Decks in this class (21)

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

More about
Economics w/ Miss Roach

  • Class purpose General learning

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