This class was created by Brainscape user Ceara Hodges. Visit their profile to learn more about the creator.
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Ceara Hodges
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Decks in this class (14)
Chapter 1 - Intro
Economics,
Scarcity,
Adam smith
33
cards
Chapter 2 - Choice in a World of Scarcity
Budget constraint,
Opportunity set,
Equation for budget constraint
16
cards
Chapter 3 - Supply and Demand
Demand,
Quantity demanded,
A rise in price does what to quan...
34
cards
Chapter 4 - Labour and Financial Markets
6 factors that shift labour demand,
3 factors that shift labour supply,
Derived demand
7
cards
Chapter 5 - Elasticity
Elasticity,
Price elasticity,
Price elasticity of demand
25
cards
Chapter 6 - The Macroeconomic Perspective
Gross domestic product gdp,
Four main parts of demand,
Investment expenditure
35
cards
Chapter 7 - Economic Growth
Modern economic growth,
Industrial revolution,
Rule of law
23
cards
Chapter 8 - Unemployment
Out of the labour force,
Employed,
Unemployed
25
cards
Chapter 9 - Inflation
Basket of goods and services,
Percentage change equation,
Base year
29
cards
Chapter 10 - International Trade and Capital Flows
Merchandise trade balance,
Current account balance,
Four components of current accoun...
31
cards
Chapter 11 - The Aggregate Supply and Demand Model
Says law,
Neoclassical economists,
Keynes law
32
cards
Chapter 12 - Aggregate Demand in Keynesian Analysis
Recessionary gap,
Inflationary gap,
3 factors that affect consumption
21
cards
Chapter 13 - The Neoclassical Perspective
Neoclassical perspective,
2 building blocks of neoclassical...,
Adaptive expectations
12
cards
Chapter 14 - Money and Banking
Barter,
Double coincidence of wants,
Medium of exchange
38
cards
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Macroeconomics
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