This class was created by Brainscape user maya schottlander.

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Decks in this class (25)

vocab
Circular flow of income 1,
Closed income 2,
Income 3
57  cards
Micro vocab
Define comparative advantage 1,
Specialization 2,
Division of labour 3
4  cards
macro AD & AS
What is the equation for aggregat...,
In the aggregate demand curve wha...,
What does it mean if the aggregat...
107  cards
micro chapter 2
What is resource allocation 1,
What are the three different econ...,
Positives of specialisation 3
10  cards
1. Intro To Microeconkmics
What is the basic economic problem 1,
Define scarcity 2,
What are economic goods 3
37  cards
micro chapter 3
What are 3 non price factors that...,
What is joint demand 2,
What is composite demand 3
54  cards
Micro Wrong Answers
What is a feature of a market eco...,
An economy is at allocative effic...,
Producer surplus definition 3
8  cards
Macro Aggregate demand and supply
What are the 3 injections into th...,
What are the 3 leakages out the e...,
What is national income 3
47  cards
Macro 4.1 Economic Growth
What is long run economic growth 1,
What is short run economic growth 2,
The what causes short run growth 3
22  cards
Macro 2.3 Employment
Define unemployment 1,
How is unemployment rate calculat...,
What is the claimant count 3
15  cards
Macro 2.4 Inflation
What is demand pull inflation 1,
How to show demand pull inflation...,
Blank 3
14  cards
2.5 Balancenof Payments
What is the balance of payments 1,
What are the 3 components of the ...,
What is the current account 3
4  cards
4.4 market structure: oligopoly
What are the 5 assumptions charac...,
Give some example of oligopolies 2,
What does the kinked demand curve...
13  cards
4.1 - perfect competition
Perfect competition 7 features 1,
Market power small or big 2,
Describe profits in short and lon...
10  cards
4.2 Monopoly
4 characteristics monopoly struct...,
Stat for firms with monopoly power 2,
What is dynamic efficiency 3
22  cards
4.3 Monopolistic competition
3 examples of monopolistic compet...,
5 characteristics assumptions of ...,
3 advantages of monopolistic comp...
5  cards
4.5 Contestable markets
5 characteristics of contestable ...,
2 advantages of contestable marke...,
Dynamic efficiency in contestable...
15  cards
3.1 Fiscal policy
0  cards
3.2 Monetary policy
0  cards
3.3 Supply side policy
0  cards
3.4 Policy conflicts
0  cards
4.1 International trade
What is international trade 1,
Blank 2
2  cards
4.2 Exchange rates
0  cards
4.3 Globalisation
0  cards
4.4 Trade policies and negotiations
7 evaluations to protectionism po...,
Explain the evaluation point of p...,
Explain the evaluation point of p...
8  cards

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A-level economics

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1320 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!