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Decks in this class (34)
Economic Methodology/The Economic Problem
Profit 1,
Common economics assumption 2,
Economics definition 3
76
cards
Economics Part 2
What is individual economic decis...,
Rational 2,
How are workers assumed to act ra...
41
cards
Determinants of demand
Demand 1,
Contraction of demand 2,
Factors impacting demand 3
35
cards
Income Elasticity of Demand
Income elasticity of demand 1,
Income elasticity of demand 2,
Real income 3
11
cards
Price Elasticity of Supply
Factors impacting supply 1,
Price elasticity of supply 2,
Price elasticiy of supply 3
19
cards
Law of Diminishing returns
Short run 1,
Law of diminishing returns 2,
Marginal product 3
24
cards
Total, Average and Marginal revenue
Revenue 1,
Total revenue 2,
Average revenue unit price for ea...
11
cards
Economies of scale
Economies of scale 1,
Total cost 2,
Internal economies of scale 3
61
cards
Monopolistic competition
Monopolistic competition characte...,
What is competition based on in a...,
Examples of product differentiati...
7
cards
Contestable markets
Contestable market 1,
Incumbents 2,
What does the threat of new compe...
28
cards
Oligopoly
Oligopoly 1,
Oligopoly characteristics 2,
Cma 3
55
cards
Market failure and externalities
Market failure 1,
Factors impacting market failure 2,
Examples of merit goods 3
121
cards
Imperfect information
Rational behaviour assumes full i...,
How essential is information 2,
Examples of imperfect information 3
28
cards
Interrelationship between markets
Joint supply 1,
Example of joint supply 2,
Joint supply interrelationsjip 3
14
cards
Determination of equilibrium market prices
Market disequilibrium 1,
Excess supply 2,
Excess demand 3
9
cards
Government failure
Government failure 1,
Causes of government failure 2,
Principal agent problems 3
34
cards
Demand for labour
What is demand for labour an exam...,
What is demand for products an ex...,
Relationship between demand for l...
22
cards
Labour supply
Labour supply 1,
Labour supply curve 2,
Reservation wage 3
17
cards
Wages in competitive labour markets
The concept of equilibrium wages 1,
Conditions for a competitive labo...,
Examples of industries within a m...
5
cards
Monopsony in labour markets
Monopsony power in the labour mar...,
Monopsony power supply and demand...,
Monopsony disadvantages 3
6
cards
Impact of minimum wages
Minimum wage 1,
Low pay commission purpose 2,
Without a minimum wage 3
29
cards
Wealth and income
Example of how government deal wi...,
Wealth 2,
Income 3
47
cards
Discrimination in the labour market
Discrimination in the labour mark...,
Types of discrimination in the la...,
Gender discrimination 3
12
cards
Macroeconomic indicators and objectives
Main macroeconomic objectives 1,
Economic growth macroeconomic obj...,
Minimising unemployment macroecon...
10
cards
Living standards and wellbeing
Measuring the standard of living 1,
Gdp per capita 2,
Ppp 3
13
cards
Circular flow of income
Households circular flow of income 1,
Firms circular flow of income 2,
Government circular flow of income 3
5
cards
Basic accelerator
Examples of capital investment 1,
Investment spending 2,
Savings 3
12
cards
Consumer spending and savings
Key factors influencing consumer ...,
Base interest rate 2,
Ftse 100 index 3
10
cards
Multiplier effect
Multiplier effect 1,
Positive multiplier effect 2,
Negative multiplier effect 3
9
cards
Long Run Aggregate Supply
Long run aggregate supply 1,
Infrastructure 2,
Factors explaining an outward shi...
6
cards
Determinants of aggregate demand
Aggregate demand 1,
Components of aggregate demand 2,
Aggregate demand formula 3
5
cards
The labour market
Marginal revenue product of labou...,
Wage elasticity of demand for lab...,
When is the demand for a particul...
14
cards
Microeconomics key equations
Marginal utility 1,
Cross elasticity of demand 2,
Marginal social benefit 3
14
cards
Macroeconomics key equations
Real gdp 1,
Unemployment rate 2,
Net investment 3
6
cards
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A Level Economics
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Looking for something else?
A Level Economics
- 50 decks
- 1987 flashcards
- 1319 learners
Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
