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Year 11 - Economics

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

By: Jefferson Kosasih
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Decks in this class (6)

Topic 1 - Introduction to Economics
Explain what the economic problem is,
What are the 4 basic questions wh...,
Explain what opportunity cost is ...
23  cards
Topic 2 - Consumers and Business
Define the term consumer sovereig...,
List the 4 ways consumer sovereig...,
Distinguish between average prope...
3  cards
Topic 3 - Markets
What does price elasticity of sup...,
The inability of the price mechan...,
State the circumstances of supply...
3  cards
Topic 4 - Labour Markets
What is the unemployment rate for...,
What are the 8 different types of...,
Why does cyclical unemployment oc...
24  cards
Topic 5 - Financial Markets
Explain the difference between m1...,
What financial aggregate is used ...,
How do banks earn money charges _...
40  cards
Topic 6 - Government and the Economy
What is the price mechanism in a ...,
Explain what market failure isals...,
Explain what private costs and pr...
37  cards

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Year 11 - Economics

  • Class purpose General learning

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