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Zayd Imran
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Decks in this class (12)
L1 - The Economic Problem
What is economics,
What is the economy,
What is the difference between go...
10
cards
L2 - Economics as a Social Science
Why are models used,
What is the problem with models,
What is ceteris paribus
6
cards
L3 - Production Possibility Frontier
What is opportunity cost,
How do consumers use opportunity ...,
How do producers use opportunity ...
18
cards
L4 - Positive & Normative Economics
What are positive statements,
What are normative statements,
What words are usually used in no...
4
cards
L5 - Specialisation & Division of Labour
What is specialisation,
What is the division of labour,
What is productivity
19
cards
L6 - Economic Systems
What is planning,
What is a market,
What is a price mechanism
24
cards
L7 - Decision Making in Economics
What is the problem with making e...,
How can assumptions of an economy...,
What is classical neoclassical ec...
13
cards
L8 - Demand
What is demand,
What is quantity demanded measure...,
What is the law of demand assumin...
8
cards
L9 - Supply
What is revenue,
What is the formula for total rev...,
What is supply
5
cards
LS10 - Price Determination
What is excess demand,
How is excess demand modelled on ...,
Why is excess demand bad
6
cards
LS11 - Taxes & Subsidies
What is direct tax,
What are examples of direct tax,
What is indirect tax
13
cards
LS12 - Price Elasticity of Demand & Supply
What does price elasticity of dem...,
What happens a product is price e...,
What happens when a product is pr...
28
cards
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Theme 1 - Micro
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