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Edexcel A Level Economics

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

By: Rayan Niazi
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Decks in this class (21)

1.1 Nature of Econ
111 define ceteris paribus and wh...,
Define economics,
Define microeconomics
27  cards
1.2 How markets work
121what is the assumptions of rat...,
What is demand what is the law of...,
122 a
67  cards
1.3 Market failure
131 a what is market failure,
131 b what are the types of marke...,
131 b what is exterbalites
23  cards
1.4 Government intervention
141 a purpose of indirect tax,
141 a adv dadv of indirect tax,
141 a purpose of indirect tax
20  cards
2.1 Measures of economic performance
211 a what does gdp measure,
211 a methods of measuring gdp va...,
211 b distinction betweenreal and...
56  cards
2.2 Aggregate demand (AD)
221 a what is aggregate demand,
221 a what does an increase in ad...,
221 a whats an economic agent
14  cards
2.3 Aggregate supply (AS)
What is as,
What are the two types of as,
Long run vs short run
11  cards
2.4 National income
241 a what does notional income m...,
241 a how do households interact ...,
241 a how do firms interact with ...
15  cards
2.5 Economic growth
252 a what is potential output,
251 b the distinction between act...,
252 a distinction between actual ...
11  cards
2.6 Macroeconomic objectives and policies
261 what are the macroeconomic ob...,
26 what are the two types of poli...,
262 a what are the two types of d...
23  cards
3.1 Business growth
311 a why do firms stay small,
311 a why do firms choose to stay...,
311 a why are firms forced to sta...
33  cards
3.2 Business objectives
321 a what are the diff objects,
321 a why why not profit max and ...,
321 a why why not rev max and for...
5  cards
3.3 Revenues, costs and profits
331 a profit formula,
331 a what is revenue,
331 a revenue formula
41  cards
3.4 Market structures
341 a allocative effciency,
B productive efficiency,
341 c dynamic efficiency
9  cards
3.5 Labour market
351 a define demand for labour,
351 a what is mrp,
351 a what is the significance fo...
47  cards
3.6 Government intervention
0  cards
4.1 International economics
411 a define globalisation,
411 a what are the char of global...,
411 b what are factors contributi...
79  cards
4.2 Poverty and inequality
0  cards
4.3 Emerging and developing economies
0  cards
4.4 The financial sector
0  cards
4.5 Role of the state in the macroeconomy
0  cards

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Edexcel A Level Economics

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