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Karyma Injai
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Decks in this class (13)
theme 1 key words
Ad valorem tax,
Asymmetric information,
Capital
79
cards
theme 2 key words
Macroeconomics,
Actual growth,
Aggregate demand ad
95
cards
1.1 nature of economics
What is a social science,
2 what is an economic model,
3 why do economists use models
52
cards
1.2 demand and supply
36 what is utility,
37 what do consumers seek to maxi...,
38 what do firms seek to maximise
27
cards
1.2 elasticities
68 what is the definition of pric...,
69 give the formula for ped,
70 what is meant by price elastic...
52
cards
1.3 market failure
124 what is the definition of mar...,
125 name 3 types of market failure,
Explain what externalites are
45
cards
1.4 government intervention and failure
152 what is a tax,
153 what is the difference betwee...,
154 what are the two types of ind...
45
cards
2.1 economic performance
What is gross domestic product,
Explain the difference between re...,
Explain the difference between to...
65
cards
2.2 aggregate demand
I what is aggregate demand,
Ii what are 4 components of ad,
Iii what of ad is comprised of ea...
52
cards
2.3 aggregate supply
I what is the definition of aggre...,
Ii what are the axes of an as dia...,
Iii how is the short run defined ...
19
cards
2.4 national income
I what is the circular flow of in...,
Explain the circular flow of income,
Dicuss problems with the circular...
26
cards
2.5 economic growth
What causes economic growth,
Explain how land affects economic...,
Explain how size of the workforce...
8
cards
2.6 macroeconomic objectives and policies
What are the 7 macroeconomic obje...,
Explain economic growth as a macr...,
Explain low unemployment as a mac...
9
cards
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Y1 ECON
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