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IBDP Economics Vocab

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

By: hugo 🏐
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Decks in this class (17)

Unit 1.1: Introduction To Economics
Factors of production,
Basic economic problem line,
Opportunity cost
6  cards
Unit 2.1: Demand
Demand,
Law of demand,
Non price determinants of demand
8  cards
Unit 2.2: Supply
Supply,
Law of supply,
Non price determinants of supply
5  cards
Unit 2.3: Competitive Market Equilibrium
Market equilibrium,
Reallocation of resources,
Signalling function
13  cards
Unit 2.5, 2.6: Elasticity Of Demand
Price elasticity of demand formula,
Price elasticity of demand formula,
Price elastic demand
23  cards
Unit 2.7: Government Intervention
Price ceilings,
Consequences for markets,
Direct taxes
19  cards
Unit 2.7: Government intervention Diagrams
Using an supply and demand diagra...,
Using an supply and demand diagra...,
Using an supply and demand diagra...
5  cards
Unit 2.8: Market Failure
Market failure,
Externalities,
Positive externalities
21  cards
Unit 2.8: Market Failure Diagrams
Using an externalities diagram ex...,
Using an externalities diagram ex...,
Using an externalities diagram ex...
15  cards
2.8 Real life examples [15]
Market failure,
Externalities,
Positive externalities of consump...
17  cards
3.1 Measuring Economic Activity
National income,
The output method,
The income method
13  cards
3.2 Aggregate Demand and Aggregate Supply
Aggregate demand,
A,
Inflationary gap
6  cards
3.3: Macroeconomic Objectives
0  cards
3.4: Economics of Inequality and Poverty
0  cards
3.5: Monetary Policy
0  cards
3.6: Fiscal Policy
0  cards
3.7: Supply-Side Policy
0  cards

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IBDP Economics Vocab

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