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A Level Economics

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

By: Fraser Carrington
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Decks in this class (15)

Key Terms 1 - Economic Methodology and the Economic Problem
Normative statement,
Positive statement,
Need
20  cards
Key Terms 2 - Individual Economic Decision Making
Altruism
1  cards
Key Terms 3 - Price Determination in a Competitive Market
Market,
Ruling market price,
Demand
35  cards
Key Terms 4 - Production, Costs and Revenue
Production,
Factors of production,
Productivity
29  cards
Key Terms 5 - Perfect Competition, Imperfectly Competitive Markets and Monopoly
Market structure,
Concentrated markets,
Monopoly power
8  cards
Key Terms 6 - The Labour Market
Geographical immobility of labout,
Occupational immobility of labour
2  cards
Key Terms 7 - The Distribution of Income and Wealth: Poverty and Inequality
Equity,
Distribution of income,
Distribution of wealth
3  cards
Key Terms 8 - The Market Mechanism, Market Failure and Government Intervention in Markets
Market failure,
Complete market failure,
Partial market failure
19  cards
Key Terms 9 - The Measurement of Macroeconomic Performance
Policy objectives,
Short run economic growth,
Long run economic growth
29  cards
Key Terms 10 - How The Macroeconomy Works: The Circular Flow of Income, Aggregate Demand/Aggregate Supply Analysis and Related Concepts
Saving,
Withdrawal,
Investment
19  cards
Key Terms 11 - Economic Performance
Demand side,
Supply side,
Trend growth rate
23  cards
Key Terms 12 - Financial Markets And Monetary Policy
Money,
Money supply,
Central bank
7  cards
Key Terms 13 - Fiscal Policy And Supply-Side Policies
Fiscal policy,
Balanced budget,
Balanced deficit
20  cards
Key Terms 14 - The International Economy: Globalisation And International Trade
Balance of payments,
Current account,
Balance of primary income
9  cards
Key Terms 15 - Exchange Rate Systems And Economic Growth And Development
Exchange rate
1  cards

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A Level Economics

  • Class purpose General learning

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A Level Economics
  • 39 decks
  • 787 flashcards
  • 72 learners
Decks: 10 Economic Efficiency, 11 Costs And Benefits, 12 Cost Benefit Analysis, And more!
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