This class was created by Brainscape user Simran Sanghera. Visit their profile to learn more about the creator.
By:
Simran Sanghera
- decks
- flashcards
- learners
Decks in this class (48)
MICRO - LS1 - The Economics Problem
Economy,
Economy,
Good
30
cards
MACRO - LS1 - Intro to Macroeconomics
Government role,
Smes,
Consumers
23
cards
MICRO - LS2 - Economics as a social science
Why is economics a social science,
What are models used for,
How do they work and what s the r...
6
cards
MACRO - LS2 - Measures of Economic Preformance (Part 1)
What does the fact that the uk is...,
What are index numbers used for,
Index numbers formula
27
cards
MICRO - LS3 - Production Possibility Frontiers
Opportunity cost definition,
Uses of opportunity costs for con...,
What s a production possibility f...
16
cards
MICRO - LS4 - Positive & Normative Statements
Positive economic statements,
Normative economic statements,
Usual normative word indicators
5
cards
MACRO - LS2 - Measures of Economic Preformance (Part 2)
Inflation definition,
Disinflation,
Deflation
29
cards
MICRO - LS5 - Specialisation & The Division Of Labour
What is specialisation,
What does the uk specialise in,
Advantages of specialisation
17
cards
MACRO - LS2 - Measures Of Economic Preformance (Part 3)
What is the balance of payments,
What is the balance of payments m...,
What s the current account and wh...
20
cards
MICRO - LS6 - Types Of Economy
Planning definition,
Market definition,
What do government do
23
cards
MICRO - LS7 - Decision Making In Economics
Problem assumptions about the beh...,
Deduction economists,
Deduction economists
12
cards
MICRO - LS8 - Demand
How can we explain the changes in...,
Demand definition,
What does law of demand state
13
cards
MICRO - LS9 - Supply
Revenue definition,
Total revenue,
What do firms do in a market
21
cards
MICRO - LS10 - Price Determination
What s market equilibrium,
Why is equilibrium also known as ...,
Excess demand
6
cards
MICRO - LS11 - Taxes & Subsidies
Direct tax,
Indirect tax,
Direct tax example
20
cards
MACRO - LS3 - Aggregate Demand (Part 1 & 2)
Aggregate demand definition,
Ad equation,
Uk ad
11
cards
MACRO - LS3 - Aggregate Demand (Part 3)
Consumption definition,
Disposable income y,
Marginal propensity to consume mpc
14
cards
MACRO - LS3 - Aggregate Demand (Part 4 & 5)
Investment,
Gross investment,
Net investment
9
cards
MACRO - LS3 - Aggregate Demand (Part 6)
Determinants of government spending,
Change in political priorities,
Changes in economic priorities de...
12
cards
MICRO - LS12 - Elasticity
Price elasticity of demand ped,
Demand is said to be price elasti...,
Demand is said to be price inelas...
38
cards
MACRO - LS4 - Aggregate Supply
Aggregate supply definition,
Sras definition,
How do firms increase output in s...
17
cards
MICRO - LS13 - Consumer & Producer Surplus
Consumer surplus,
Producer surplus,
What must be drawn on producer co...
11
cards
MACRO - LS6 - Equilibrium Levels Of Real National Output
What s the equilibrium level of r...,
What do keynesian and classical e...,
What causes ad to shift
18
cards
MACRO - LS5 - The Circular Flow Of Income Model
The circular flow of income,
National output,
National expenditure
18
cards
MICRO - LS14 - Diminishing Marginal Utility & Misc
Gov spending eq,
Tax revenue eq,
Income effect
6
cards
MACRO - LS7 - The Multiplier
What s the multiplier effect,
How does the multiplier effect work,
What does the size of the multipl...
19
cards
MICRO - LS15 - XED & YED
What does xed stand for,
Xed formula,
Xed definition
15
cards
MICRO - LS16 - Price Mechanism
What is the price mechanism,
What are the functions of the pri...,
Signalling function
15
cards
MACRO - LS8 - Inflation
Inflation definition,
Two main ways of measuring inflation,
Survey given to measure inflation
26
cards
MICRO - LS17 - Market Failure & Externalities
Market failure,
Externalities,
Public goods
9
cards
MACRO - LS9 - Employment & Balance Of Payments
Types of unemployment,
Frictional unemployment,
Seasonal unemployment
17
cards
MICRO - LS18 - Public Goods
Merit goods,
Non rival vs rival,
Non excludable vs excludable
18
cards
MICRO - LS19 - Information Gaps
Perfect information,
Symmetric information,
Imperfect information
6
cards
MICRO - LS20 - Max & Min Prices
Maximum price,
Minimum price,
Types of monopoly
13
cards
MACRO - LS10 - Economic Growth (Part 1)
Economic growth,
Sustainable growht,
What can cause economic growth
34
cards
MICRO - LS21 - Tradable Pollution Permits
What do governments set to do wit...,
What does the government allocate,
Advantages of minimum and maximum...
5
cards
MICRO - LS22 - Regulation
Regulation,
Command,
Control
6
cards
MICRO - LS23 - Government Failure
Government failure,
Causes of government failure,
Unintended consequences
11
cards
MICRO
Factor mobility,
Geographical mobility,
Occupational mobility
16
cards
MACRO - LS10 - Economic Growth (Part 2)
Benefits of economic growth,
Costs of economic growth,
Does increase in gdp cause an inc...
10
cards
MACRO - LS10 - Economic Growth (Part 3)
Gdp,
Gni,
Limitations of gdp and gni
19
cards
MACRO - LS11 - Macroeconomic Objectives
4 macroeconomic objectives,
Economic growth,
Unemployment employment
8
cards
MACRO - LS12 - Demand-Side Policies (Part 1)
Demand side policy,
Monetary policy,
Who decides interest rates
15
cards
MACRO - LS12 - Demand-Side Policies (Part 2)
Examples of fiscal policies,
Gov budgets,
Another name for accumulated debt
12
cards
MACRO - LS12 - Demand-Side Policies (Part 3)
What policies do keynesian econom...,
What policies do classical econom...,
Strengths weaknesses of demand si...
18
cards
MACRO - LS13 - Supply-Side Policies (Part 1)
Supply side policies,
Where do supply side policies ori...,
Two types of supply side policies
13
cards
MACRO - LS13 - Supply-Side Policies (Part 2)
Evaluating supply side policies,
Time lags,
Cost
11
cards
MACRO - LS14 - Conflicts & Trade-Offs
Macroeconomic objectives,
Conflicts between objectives 1,
Conflicts between objectives 2
6
cards
More about
AS Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Simran Sanghera's AS Economics flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
A Level Economics
- 50 decks
- 1987 flashcards
- 1025 learners
Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
