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Libby Goodall
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Decks in this class (22)
2.1.1 growth
What are internal economies of sc...,
What are the types of internal ec...,
What is risk bearing economies of...
18
cards
2.1.2 methods of growth
What is organic growth 1,
What are some examples of how a f...,
How can a firm grow inorganically 3
16
cards
2.1.3 R&D and innovation
What is r d 1,
How can r d increase market power 2,
How can technological change resu...
14
cards
2.1.4 digital economy + markets and firms
What have price comparison sites ...,
What is micromarketing 2,
How can micromarketing be used in...
7
cards
2.2.1 price elasticity of demand (PED)
What is price elasticity of demand 1,
What is the formula for ped 2,
What is the value of ped for a re...
7
cards
2.2.2 competing on price
What are examples of different pr...,
What is cost plus pricing 2,
What are the advantages and disad...
14
cards
2.2.3 types of non-price competition
What are types of non price compe...,
What does product differentiation...,
What could product differentiatio...
6
cards
2.2.4 income elasticity of demand (YED)
What is income elasticity of dema...,
What is the formula for yed 2,
What happens to demand for luxury...
10
cards
2.3.1 productivity
What is productivity defined as 1,
What does it mean to be more prod...,
What does being more productive do 3
15
cards
2.3.2 capacity utilisation
What is capacity utilisation 1,
How is capacity utilisation calcu...,
What can capacity utilisation be ...
14
cards
2.3.3 efficiency and competitiveness using lean production
What is lean production 1,
What strategies can be used in le...,
What is quality control 3
15
cards
2.4.1 globalisation
What is globalisation 1,
What is involved in globalisation 2,
What has the spread of globalisat...
9
cards
2.4.2 developed, emerging and developing economies
What are some indicators of growt...,
What is gdp per capita 2,
What are the limitations of gdp 4 3
25
cards
2.4.3 international trade
Who came up with the concept that...,
What are the advantages of specia...,
What are the disadvantages of spe...
39
cards
2.4.4 exchange rates
What is the exchange rate 1,
What is depreciation 2,
What is appreciation 3
11
cards
2.5.1 the economic cycle
What does the economic cycle refe...,
What happens to real output durin...,
What is a boom in the economic cy...
9
cards
2.5.2 circular flow of income, expenditure and output
What is the circular flow of inco...,
What do households supply firms w...,
What do firms supply to households 3
51
cards
2.5.3 inflation
What is inflation 1,
What is deflation 2,
What is disinflation 3
18
cards
2.5.4 employment and unemployment
What does it mean to be underempl...,
What are the 2 main measures of u...,
What is the claimant count 3
20
cards
2.6.1 possible macroeconomic objectives
What is the government s 4 main m...,
What is the long run trend of eco...,
Why may governments aim in emergi...
10
cards
2.6.2 policy instruments
What does the budget position ref...,
When does a government have a bud...,
When does a government have a bal...
47
cards
2.6.3 potential policy conflicts and trade-offs
What does the phillips curve show 1,
How can the extent of the trade o...,
When does a negative output gap o...
23
cards
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theme 2; the wider economic environment
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