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9708 Economics A2

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

By: Cadence Goveas
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Decks in this class (25)

2023 UK MACRO MAIN STATS
Annual growth rate,
Annual growth forecast,
Output gap
37  cards
Utility
Impact of prices of different goo...,
Is the law of dmu still valid if ...,
How do non price determinants alt...
18  cards
Budget Lines and Indifference Curve
Budget line,
Indifference curve,
Mrs
21  cards
Efficiency and Market Failure
Productive efficiency,
Allocative efficiency,
Dynamic efficiency
13  cards
Externalities
Externality,
Cba,
What is a project that cba has be...
10  cards
Micro Government Intervention
Ad valorem tax,
Polluter pays principle,
When should authorities regulate ...
52  cards
Oligopoly
Key aims of collusion,
Conditions for effective collusion,
Reasons why cartels break down
6  cards
Labour Markets
Features of pc labour markets,
Why is the mrp curve the demand c...,
Reasons for wage differentials
24  cards
Money and Banking
Causes of changes in the money su...
1  cards
Theory of the Firm
Diminishing marginal returns,
W,
Why does dmr occur
10  cards
Developmental Economics
Economic development,
Classification based on development,
Characteristics of lowly develope...
97  cards
Effectiveness of Macro Policies
Laffer argument,
Explain the laffer curve argument,
Evaluate the laffer curve argument
57  cards
Income and Wealth Inequality
Equality,
Extreme poverty,
Relative poverty
22  cards
Market Structures
Define market structure,
Define perfect competition,
Define monopoly
53  cards
Balance of Payments
Components of bop,
Components of current account,
Components of financial account
24  cards
Exchange Rates
Define nominal er,
Define real er,
Define trade weighted er
22  cards
Circular Flow of Income
Mutliplier effect,
Define mps,
Mpc
8  cards
Unemployment
Define full employment,
Link efficiency to unemployment,
Equilibrium ue
27  cards
Economic Growth and Sustainability
Actual econ growth,
Link economic growth to development,
Potential econ growth
17  cards
Growth and Objectives of Firms
6 constraints on growth,
Reaons for different sizes of firms,
Benefits of growing firm
27  cards
Globalisation
Globalisation,
Causes of globalisation footnoteh...,
Pros of globalisation
15  cards
Government Debt and Spending
Example of rising govt debt,
2  cards
Production
Sr vs lr vs vlr,
Production function,
Average product
41  cards
COMMON CHAINS OF ANALYSIS
Allocative efficiency,
Productive efficiency
2  cards
XET GK
First indian space tourist,
First evidence of rock art found in,
President who passed away in heli...
199  cards

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9708 Economics A2

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