1
Q
What does SICK BACK FLIP atnad for
A
Spare capcity, bottle neck, full employment
Economics
flashcards
Decks in class (82)
# Cards
-
Macro: 4.4.3 Role of central banks13
-
4.1.1 Globalisation38
-
4.1.2 Specialisation and trade36
-
4.1.6 Restrictions on free trade53
-
4.4.1 Role of financial markets12
-
Paper 33
-
1.1.1 Economic as a social science8
-
1.1.2 Positive and normative economic statements4
-
1.1.3 The economic problem17
-
1.1.4 Production possibility frontiers23
-
1.1.5 Specialisation and the division of labour15
-
1.1.6 Free market economies, mixed economy and command economy12
-
1.2.1 Rational decision making6
-
1.2.2 Demand26
-
1.2.3 Price, income and cross elasticities of demand42
-
1.2.4 Supply15
-
1.2.5 Elasticity of Supply19
-
1.2.6 Price Determination11
-
1.2.7 Price Mechanism9
-
1.2.8 Consumer and producer surplus23
-
1.2.9 Indirect taxes and subsidies32
-
1.2.10 Alternative Views of Consumer Behaviour7
-
1.3.1 Types of Market Failure11
-
1.3.2 Externalities33
-
1.3.3 Public Goods8
-
1.3.4 Information gaps6
-
1.4.1 Government intervention in markets30
-
1.4.2 Government failure5
-
2.1.1 Economic growth26
-
2.1.2 Inflation25
-
2.1.3 Employment and unemployment35
-
2.1.4 Balance of payments28
-
2.2.1 The characteristics of Aggregate Demand15
-
2.2.2 Consumption23
-
2.2.3 Investment15
-
2.2.4 Government spending5
-
2.2.5 Net trade8
-
2.3.1 The characteristics of Aggregate Supply11
-
2.3.2 Short-run AS21
-
2.4.1 National income11
-
2.4.2 Injections and withdrawals3
-
2.4.3 Equilibrium levels of real national output26
-
2.4.4 The Multiplier21
-
2.5.1 Causes of Growth22
-
2.5.2 Output Gaps12
-
2.5.3 Trade (Business) Cycle12
-
2.5.4 The impact of economic growth7
-
2.6.1 Possible macroeconomic objectives9
-
2.6.2 Demand-side policies41
-
2.6.3 Supply-side policies30
-
2.6.4 Conflicts and trade-offs between objectives and policies12
-
3.1.1 Sizes and types of firms9
-
3.1.2 Business growth24
-
3.1.3 Demergers9
-
3.2 Business Objectives24
-
3.3.1 Revenue14
-
3.3.2 Costs61
-
3.3.3 Economies & diseconomies of scale34
-
3.3.4 Normal profits, supernormal profits and losses21
-
3.4.1 Efficiency10
-
3.4.2 Perfect competition20
-
3.4.3 Monopolistic competition14
-
3.4.4 Oligopoly44
-
3.4.5 Monopoly34
-
3.4.6 Monopsony11
-
3.4.7 Contestability20
-
4.4.2 Market failure in the financial sector27
-
3.5.1 Demand for labour19
-
3.5.2 Supply of labour21
-
3.5.3 Wage determination in competitive and non-competitive markets48
-
3.6.1 Government Intervention19
-
Trading block16
-
Poverty8
-
Specialisation and aid12
-
The World Bank, IMF and NGOs6
-
Globalisation16
-
Savings Gaps11
-
Buffer stock10
-
Impacts of Changes in Exchange Rates29
-
AS/AD Model1
-
MAC exchange rates5
-
labour markets3
