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aqa a-level economics year 1

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

By: Charlotte Thorn
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Decks in this class (8)

Economic Methodology and the Economics Problem
Economics is a social science bec...,
Differences from other sciences,
Positive statement
18  cards
Individual Economic Decision Making
Consumers aim to maximise their,
Producers aim to maximise their,
Utility
36  cards
Price Determination in a Competitive Market
Causes of shifts in the demand curve,
Formula for price elasticity of d...,
Formula for income elasticity of ...
21  cards
Production, Costs and Revenue
What does production do,
Productivity,
Labour productivity
46  cards
Perfect Competition, Imperfectly Competitive Markets and Monopoly
The spectrum of competition,
How to distinguish between differ...,
Profit maximisation
49  cards
The Labour Market
The marginal productivity theory,
The causes of shifts in the deman...,
The determinants of the elasticit...
18  cards
The Distribution of Income and Wealth: Poverty and Inequality
Income,
Wealth,
Factors influencing the distribut...
14  cards
The Market Mechanism, Market Failure and Government Intervention in Markets
Rationing function,
Incentive functions,
Signalling function
26  cards

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aqa a-level economics year 1

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