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Y1 A Level Economics

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

By: Karen Pugh
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Decks in this class (15)

Unit 1.1 The Economic Problem
Scarcity,
Explain this graph,
What is a free good
27  cards
Unit 1.2 The Economic Problem
Allocation of resources and rationality
18  cards
Unit 1.3 Microeconomics
Opportunity Cost
19  cards
Unit 2 Markets- Supply and Demand
Demand,
Individual demand,
Market demand
45  cards
Unit 2 Elasticities of Demand
Elasticity,
Price elasticity of demand,
Ped is calculated by
49  cards
Unit 2 Microeconomics- decisions on the margin
The margin,
Marginal utility,
Total utility
15  cards
2.8 Market Failure
Market failure,
Socially optimal allocation,
Marginal social benefit
25  cards
Microeconomics 2.9 Information Failure
Information failure,
Asymmetric information,
Merit good
8  cards
Microeconomics 2.10 Public Goods
Public goods,
Non rejectable,
Non rivalrous
16  cards
Microeconomics 2.11 Government Intervention
Direct taxation,
Indirect taxation,
Indirect tax and inelastic ped
35  cards
Macroeconomics 1.1 Circular Flow of Income
# **,
National income,
National output
12  cards
Macroeconomics 1.2 Aggregate Demand
Aggregate demand,
Consumption c,
Investment i
19  cards
Macroeconomics 1.3 Aggregate Supply and the interaction of AD and AS
Short run aggregate supply curve,
Neoclassical economists,
Monetarist school
16  cards
Macroeconomics 2.1 Economic Growth
What is economic growth,
What is the policy objective of e...,
What are the different stages of ...
45  cards
Macro 2.2 Development
What are the three sectors of the...,
What is the policy objective of s...,
True or false economic growth is ...
22  cards

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Y1 A Level Economics

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1107 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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