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rianna ludhra
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Decks in this class (27)
1.1 Nature of economics
Define positive statement and giv...,
Define normative statement and gi...,
Define ppf
21
cards
1.2 How do markets work
Define rational behaviour,
Why is switching from tobacco to ...,
Why is switching from tobacco to ...
34
cards
1.3 Market failure
Define market failure,
Define non rival,
Define non excludable
11
cards
1.4 Government intervention
Define government provision,
Definr government failure,
Indirect taxdefine pigouvian tax
21
cards
2.1 Measure of economic peformance
Define index number,
Difference between gnp and gdp,
Define gni
43
cards
2.2 Aggregate Demand
Formula for ad,
4 reasons why ad curve is downwar...,
Interest rate effect
30
cards
2.3 Aggregate Suppply
Define aggregate supply,
Define sras,
Factors influencing sras greets
12
cards
2.4 National income
Define circular flow of income,
Define national income,
3 equations for multiplier effect
8
cards
2.5 Economic growth
Define economic growth,
Factors which cause economic growth,
Define potential growth
15
cards
2.6 Macroeconomic objectives
What are demand side policies,
What is the treasury,
Aim to decrease adcontractionary ...
38
cards
3.1 Business Growth
Why do some firms grow,
Why do some firms remain small,
Divorce of ownership and controlo...
44
cards
3.2 Business objectives
What is the condition for profit ...,
What is the condition for revenue...,
What is the condition for sales m...
11
cards
3.3 Revenues, costs & profits
Equation for marginal revenue,
Equation for average revenue,
Equation for total revenue
21
cards
3.4 Market structures
Economic efficiency,
Define productive efficiency,
Define allocative efficiency
55
cards
3.4.4 Oligopoly
Oligopoly characteristics,
How do you know whether an oligop...,
If top 5 have greater than 60 oli...
22
cards
3.5 Labour markets
What does the demand for labour r...,
What does the demand for labour d...,
Marginal revenue productdefine mrp
10
cards
3.6 Government intervention
What is the role of the competiti...,
How do the competition policy imp...,
18
cards
4.1 A global perspective
Define globalisation,
Causes of globalisation,
Why is the internet a significant...
37
cards
4.1 A global perspective pt2
Why is infant industries a reason...,
Why is dumping a reason to place ...,
Why is domestic unemployment a re...
51
cards
4.2 Poverty and Inequality
Define absolute poverty,
Define relative poverty,
Define poverty line
27
cards
4.3 Emerging and Developing Economies
Define economic development,
Human development indexwhat does ...,
Advantages with hdi
49
cards
4.4 The Financial Sector
Define financial markets,
Exampples of intermediaries,
Explain the role of financial mar...
25
cards
4.5 Role of the State in the Macroeconomy
Define current expenditure,
Define capital expenditure,
Define transfer payments
64
cards
Micro Theorists
What is the theorist for sales ma...,
Creative destruction
2
cards
Macro Theorists
Fishers quantity theory of money,
Easterlin paradox,
Harrod domers saving equation
27
cards
Macro Data
Why is the end of the cold war a ...,
What is the uk s inflation target...,
Uk s unemployment rate
22
cards
Macro chains
Assess the drawbacks of more mncs...,
Explain the costs of a current ac...,
Evaluate explain the costs of a c...
4
cards
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Exam practise economics -Rianna
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