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Holly Sawyer
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Decks in this class (22)
What is Economics?
What is social science 1,
What is economics 2,
Opportunity cost 3
48
cards
Demand
Market 1,
Marginal utility 2,
As we increase the purchase of a ...
31
cards
Demand Elasticity
Elasticity 1,
Price elasticity of demand 2,
What is price elasticity affected...
31
cards
Economic Thinking (not usually assessed)
What was adam smith s basic ideas 1,
What is laissez faire economics 2,
19th century evolution of micro a...
7
cards
Supply and Supply Elasticity
Supply 1,
Law of supply 2,
What does a movement along the su...
23
cards
Market Equilibrium
Market equilibrium 1,
Market forces 2,
What will changes in supply or de...
10
cards
Government Intervention
Indirect tax 1,
Specific tax 2,
Percentage ad valorem tax 3
20
cards
Market Failure
Market failure 1,
Externalities 2,
Marginal private benefit 3
43
cards
Rational Producer Behaviour
Explicit costs 1,
Implicit costs 2,
Revenue 3
38
cards
Market Power - Perfect / Monopolistic Competition
Market power 1,
Four major market forms 2,
Perfect competitor characteristic...
17
cards
Market Power - Monopoly and Oligopoly
Monopoly characteristics 1,
Barriers to entry in a monopoly 5 2,
Barriers to entry in a monopoly e...
31
cards
The Overall Level of Economic Activity
Macroeconomics 1,
Economic growth economic goal 2,
Employment economic goal 3
27
cards
Aggregate Demand
Aggregate demand formula 1,
Changes in consumption factors 5 2,
Investment 3
8
cards
Aggregate Supply
Aggregate supply 1,
Short term aggregate supply facto...,
Change in price level causes 3
10
cards
Macroeconomic Equilibrium
Short run equilibrium 1,
Long run equilibrium new classica...,
New classical view of ad pl 3
4
cards
Demand Management - Demand Side Policies
Fiscal policy 1,
Expansionary fiscal policy 2,
Contractionary fiscal policy 3
21
cards
Supply-Side Policies
What are supply side policies 1,
Goals of supply side policies 5 1,
Types of supply side policies 2
6
cards
Low Unemployment
Unemployment 1,
Unemployment rate calculation 2,
Labour force 3
15
cards
Low/Stable Inflation
Inflation 1,
Negatives of high inflation 5 2,
Impact of high inflation on econo...
26
cards
Economic Growth
What two ways can economic growth...,
Economic growth 1,
Formula to measure economic growth 2
5
cards
Inequality and Poverty
Equality in economics 1,
Equity in economics 2,
Lorenz curve 3
24
cards
Definitions
Interventionist supply side polic...,
Supply side policies 2,
Fiscal policy 3
82
cards
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A HL Economics 2024/2025
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