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Decks in this class (35)
Unit 2.1 Demand
Demand,
Law of demand,
Acronym of non price determinants
10
cards
Unit 2.2 Supply
Supply,
Law of supply,
Acronym of non price determinants...
5
cards
Unit 2.3 Market equilibirum
Market definition,
Equilibirum definition,
If price point is over equilibiru...
13
cards
Unit 3.1 PED
Define normal good,
Deine inferior good,
Define ped
14
cards
Unit 3.2 PES
How to calculate pes,
What is ped 1 mean and curve type,
Ped 1 mean and curve type
7
cards
Unit 3.3 YED
Income elasticity of demand defin...,
What does it tell use if the yed ...,
What does it tell us if yed is ne...
6
cards
Unit 4
Define price floor,
What do government often do after...,
What is welfare loss
34
cards
Unit 5 and 6
Define common pool resource,
What are the characteristics of c...,
What is the story and topic conce...
31
cards
Chapter 8 macro definitions
Business cycle,
Gni,
Gdp
14
cards
Unit 8.1
The circular flow of income,
What can the two sectors be divid...,
What are the two markets which fi...
9
cards
Unit 8.2
Three ways to measure the value o...,
The circular flow of income showe...,
How do you measure gdp through ex...
14
cards
Unit 8.3
How to calculate nominal gdp formula,
How to calculate gni,
How to calculate gdp deflator
4
cards
Unit 8.4
Business cycle definition,
What is an expansion in business ...,
What is an peak in business cycle...
12
cards
Unit 8.5
Why nationa,
Why measures of the value of outp...,
What are the two uses of gdp gni
10
cards
Unit 9.1
Aggregate demand,
Why does it slope downwards,
When does ad curve shift
7
cards
Unit 9.2
Aggregate supply,
Short run aggregate supply defini...,
What non price determinants shift...
5
cards
Unit 9.3
Long rust aggregate supply defini...,
Define long rune equilkibrium,
What non price determinants shift...
4
cards
Unit 9.4 9.5 9.6
Describe aggregate supply in the ...,
Explain why curve can be horizont...,
What does keynes propose to do
8
cards
Unit 10.1
Define unemployment,
How to measure unemployment,
What are the issues with measurin...
13
cards
Unit 10.2+10.3 SL
Define inflation,
Define disinflation,
Define deflation
15
cards
Unit 11
Benefits of economic growth,
Costs of economic growth,
How to calculate economic growth
8
cards
Unit 12
Relationship between equality and...,
The meaning of economic inequality,
What is
25
cards
Unit 13.1 to 13.5
What are the two types of demand ...,
What are two categories of supply...,
The aims of monetary policy
23
cards
Unit 13.6
What are market based supply side...,
Aims of supply side policies,
How does supply side acheive econ...
13
cards
Unit 13.7
What are interventionist supply s...,
Methods of supply side interventi...,
Strengths of interventionist supp...
10
cards
Unit 14.1
What are the benefits of trade,
2
cards
Unit 14.3
What are the four types of trade ...,
What is a tariff,
What is the impact on stakeholder...
11
cards
Unit 15.1
List the reasons why government r...,
What are the costs of protectionism,
What are the benefits of protecti...
3
cards
Unit 15.2 and 15.3
What is a economic integration,
What is a preferential trade agre...,
What are the different types of t...
11
cards
15.3
What is the world trade organisation,
What are the functions of the wto,
Criticisms and challenges of wto
4
cards
Unit 16.1
What are exchange rates,
Exchange rates also have a powerf...,
What is free floating excahnge rates
12
cards
Unit 16.2
Consequences of exchange rate cha...,
Consequences of exchange rate cha...,
Consequences of exchange rate cha...
5
cards
Unit 16.3
What is a fixed exchange rate,
What are the strategies for maint...,
What is devaluation
10
cards
16.4
What is the balance of payments,
What hapenns when yoiu add three ...,
3
cards
RWE
Subsidy,
Price mechanisms price floor,
Price mechanisms price ceiling
19
cards
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IB Economics SL new syllabus
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