This class was created by Brainscape user James Tyler. Visit their profile to learn more about the creator.
By:
James Tyler
- decks
- flashcards
- learners
Decks in this class (39)
1.1 the nature of the economic problem
Define the economic problem,
Define a free good,
Define an economic good
6
cards
1.2 the factors of production
Define labour,
Define land,
Define capital
28
cards
1.3 opportunity cost
Define opportunity cost,
Influence of opportunity cost on ...,
Influence of opportunity cost on ...
7
cards
1.4 production possibility curve (PPC) diagrams
Definition of ppc,
What does a point within curve of...,
What does a point outside curve o...
9
cards
2.1 microeconomics and macroeconomics
Define microeconomics,
Define macroeconomics,
Who are the economic agents
8
cards
2.2 the role of markets in allocating resources
3 key allocation questions,
Why do the 3 key allocation quest...,
What are the different economic s...
9
cards
2.3 demand
Define demand,
Law of demand,
Define market demand
6
cards
2.4 supply
Defin,
2
cards
2.5 price determination
0
cards
2.6 price changes
0
cards
2.7 price elasticity of demand (PED)
0
cards
2.8 price elasticity of supply (PES)
0
cards
2.9 market economic system
0
cards
2.10 market failure
0
cards
2.11 mixed economic system
0
cards
3.1 money and banking
0
cards
3.2 households
0
cards
3.3 workers
0
cards
3.4 trade unions
0
cards
3.5 firms
0
cards
3.6 firms and production
0
cards
2.7 firms' costs, revenue and objectives
0
cards
2.8 market structure
0
cards
4.1 the role of government
0
cards
4.2 the macroeconomic aims of government
0
cards
4.3 fiscal policy
0
cards
4.4 monetary policy
0
cards
4.5 supply-side policy
0
cards
4.6 economic growth
0
cards
4.7 employment and unemployment
0
cards
4.8 inflation and deflation
0
cards
5.1 living standards
0
cards
5.2 poverty
0
cards
5.3 population
0
cards
5.4 differences in economic development between countries
0
cards
6.1 international specialisation
0
cards
6.2 globalisation, free trade and protection
0
cards
6.3 foreign exchange rates
0
cards
6.4 current account of balance of payments
0
cards
More about
new econs
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study James Tyler's new econs flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
