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Tara Kod
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Decks in this class (42)
Lesson 1- The Economic Problem
Define economics,
Define resources,
Define needs and wants
13
cards
Lesson 2- Economic Assumptions
Define the concept of consumer ra...,
What are some exceptions to this ...
2
cards
Lesson 3- The Demand Curve
Define marker,
Define demand,
Define demand schedule
10
cards
Lesson 4- Factors that may shift the Demand curve
What are other factors that affec...,
What will happen to the demand cu...
2
cards
Lesson 5- The supply curve
Define supply,
Define supply schedule,
What is the law of supply
7
cards
Lesson 6- Factors that may shift the supply curve
What are other factors that affec...,
What are the two indirect taxes a...
2
cards
Lesson 7- The market equilibrium
Define market equilibrium
1
cards
Lesson 8- Price elasticity of demand
Define price elasticity of demand,
What is the formula for ped,
What is price inelastic demand
15
cards
Lesson 9- Price elasticity of supply
Define pes,
How to calculate pes,
What is the value for perfectly i...
9
cards
Lesson 10-Income Elasticity
Define income elasticity of demand,
What is the formula of yed,
Define income elastic
9
cards
Lesson 11- The mixed economy
Define market economy,
Define a command economy,
What are examples of command economy
4
cards
Lesson 12-Privatization
Define privatization,
Reasons for privatization 2,
Effects of privatization on consu...
5
cards
Lesson 13-Externalities
Define market failure,
State the two types of market fai...,
Define externalities
32
cards
Lesson 14- The factors of production and sectors of the economy
Define primary sector,
Define secondary sector,
Define tertiary sector
6
cards
Lesson 15-Productivity and Division of labour
Define productio,
Define productivity,
What is the formulae for producti...
7
cards
Lesson 16-Business costs,revenue and profit
Define fixed costs,
What is another name for fixed costs,
Define variable costs
10
cards
Lesson 17-Economies and diseconomies of scale
Define economies of scale,
Define internal economies of scale,
3
cards
Lesson 18- Competitive markets
What are the 5 features of a comp...,
What are the effects of a highly ...,
Define completive market
4
cards
Lesson 19-Advantages and disadvantages of a large and small firms
What are the 3 ways to measure th...,
Define capital emplyed,
State the 4 advantages of a firm ...
7
cards
Lesson 20-Monopoly
Define a monopoly,
State 3 features of a monopoly,
State 2 advantages of monopolies
4
cards
Lesson 21-Oligopoly
Define a oligopoly,
State 6 features of a oligopoly,
Define collusions
7
cards
Lesson 22-Labor Market
Define labor market,
What is the demand for labor,
What kind of relationship is seen...
7
cards
Lesson 23-The impact of changes in the supply and demand for labor and trade union activity in labor markets
Define trade unions,
State 4 functions of a trade union,
Define labor productivty
5
cards
Lesson 24-Government intervention
State 4 reasons why the governmen...,
Define the national minimum wage,
Why does the government set a nat...
6
cards
Lesson 25- Economic Growth
What are the two areas that econo...,
Define macroeconomics,
Define microeconomics
13
cards
Lesson 26-Inflation
Define the term inflation,
What are the two types of inflation,
Define deflation
9
cards
Lesson 27-Unemployment
Define unemployment,
How is unemployment measured,
What factors does the person have...
10
cards
Lesson 28- Balance of payments on the current account
Define the bop,
What is the bop divided into,
Define current account
4
cards
Lesson 29
0
cards
Lesson 30
0
cards
Lesson 31
0
cards
Lesson 32
0
cards
Lesson 33
0
cards
Lesson 34
0
cards
Lesson 35
0
cards
Lesson 36
0
cards
Lesson 37
0
cards
Lesson 38
0
cards
Lesson 40
0
cards
Lesson 41
0
cards
Lesson 42
0
cards
Defintions
Define resources,
Define goods,
Define services
30
cards
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GCSE Economics
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