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Decks in this class (22)
1. Economic methodology and the economic problem
Basic economic problem 1,
Scarcity 2,
Factors of production 3
22
cards
4.1.1.1 Economic methodology
What is economics 1,
What do social sciences study 2,
Why are human interactions consid...
59
cards
4.1.1.2 The nature and purpose of economic activity
What is the central purpose of ec...,
What are needs in economics 2,
What are wants in economics 3
30
cards
4.1.1.3 Economic resources
What are factors of production 1,
What are the four factors of prod...,
What is required to produce any g...
34
cards
4.1.1.4 Scarcity, choice and the allocation of resources
What is the basic economic problem 1,
What are resources called in econ...,
What is meant by finite resources...
19
cards
4.1.1.5 Production possibility diagrams
What is a production possibility ...,
Can any two goods services be use...,
What goods are often shown on the...
24
cards
4.1.3.1 The determinants of the demand for goods and services
- Demand Curves
- Demand Curves: Real World Analysis
54
cards
4.1.3.2 Price, income and cross elasticities of demand
- Price Elasticity of Demand (PED)
- Income & Cross Elasticities of Demand
53
cards
4.1.3.3 The determinants of the supply of goods and services
- Supply Curves
- Supply Curves: Real World Analysis
23
cards
4.1.3.4 Price elasticity of supply
- Price Elasticity of Supply (PES)
25
cards
4.1.3.5 The determination of equilibrium market prices
- The Determination of Market Equilibrium
- Analysing Changes to Market Equilibrium
55
cards
4.1.3.6 The interrelationship between markets
- Interrelationships Between Markets
17
cards
4.2.1.1 The objectives of government economic policy
- Government Macroeconomic Objectives - Macroeconomic Objectives: Conflicts & Changes
88
cards
4.2.1.2 Macroeconomic indicators
- Macroeconomic Indicators
59
cards
4.2.1.3 Uses of index numbers
- Using Index Numbers
19
cards
4.2.1.4 Uses of national income data
- Using National Income Data
20
cards
4.2.2.1 The circular flow of income
- The Circular Flow of Income - Injections & Withdrawals into the Circular Flow
37
cards
4.2.2.2 Macroeconomic Equilibrium
Where does real national output e...,
What does the classical short run...,
What happens in short run equilib...
15
cards
4.2.2.3 Aggregate Demand (AD)
What is aggregate demand ad 1,
How is aggregate demand calculated 2,
What is consumption 3
38
cards
4.2.2.3 & 4.2.2.4 The Multiplier & Basic Accelerator Process
What is aggregate demand ad 1,
What happens when an injection oc...,
What happens when a withdrawal oc...
25
cards
4.2.2.5 Short-run Aggregate Supply (SRAS)
What is aggregate supply 1,
Why is the short run aggregate su...,
What happens when the average pri...
10
cards
4.2.2.6 Long-run Aggregate Supply (LRAS)
What does long run aggregate supp...,
What happens when the quantity or...,
What does a shift from lras1 lras...
40
cards
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