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Simran Sanghera
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Decks in this class (48)
MICRO - LS1 - The Economics Problem
Economics 1,
Economy 2,
Good 3
30
cards
MACRO - LS1 - Intro to Macroeconomics
Government role 1,
Smes 2,
Consumers 3
23
cards
MICRO - LS2 - Economics as a social science
Why is economics a social science 1,
What are models used for 2,
How do models work and what s the...
6
cards
MACRO - LS2 - Measures of Economic Preformance (Part 1)
What does the fact that the uk is...,
What are index numbers used for 2,
Index numbers formula 3
27
cards
MICRO - LS3 - Production Possibility Frontiers
Opportunity cost definition 1,
Uses of opportunity costs for con...,
What s a production possibility f...
16
cards
MICRO - LS4 - Positive & Normative Statements
Positive economic statements 1,
Normative economic statements 2,
Usual normative word indicators 3
5
cards
MACRO - LS2 - Measures of Economic Preformance (Part 2)
Inflation definition 1,
Disinflation 2,
Deflation 3
29
cards
MICRO - LS5 - Specialisation & The Division Of Labour
What is specialisation 1,
What does the uk specialise in 2,
Advantages of specialisation 3
17
cards
MACRO - LS2 - Measures Of Economic Preformance (Part 3)
What is the balance of payments 1,
What is the balance of payments m...,
What s the current account and wh...
20
cards
MICRO - LS6 - Types Of Economy
Planning definition 1,
Market definition 2,
What do government do 3
23
cards
MICRO - LS7 - Decision Making In Economics
Problem assumptions about the beh...,
Induction economists 2,
Deduction economists 3
12
cards
MICRO - LS8 - Demand
How can we explain the changes in...,
Demand definition 2,
What does law of demand state 3
13
cards
MICRO - LS9 - Supply
Revenue definition 1,
Total revenue equation 2,
What do firms do in a market 3
21
cards
MICRO - LS10 - Price Determination
What s market equilibrium 1,
Why is equilibrium also known as ...,
Excess demand 3
6
cards
MICRO - LS11 - Taxes & Subsidies
Direct tax 1,
Indirect tax 2,
Direct tax example 3
20
cards
MACRO - LS3 - Aggregate Demand (Part 1 & 2)
Aggregate demand definition 1,
Ad equation 2,
Uk ad 3
11
cards
MACRO - LS3 - Aggregate Demand (Part 3)
Consumption definition 1,
Disposable income y 2,
Marginal propensity to consume mpc 3
14
cards
MACRO - LS3 - Aggregate Demand (Part 4 & 5)
Investment 1,
Gross investment 2,
Net investment 3
9
cards
MACRO - LS3 - Aggregate Demand (Part 6)
Determinants of government spendi...,
Change in political priorities 2,
Changes in economic priorities de...
12
cards
MICRO - LS12 - Elasticity
Price elasticity of demand ped 1,
Demand is said to be price elasti...,
Demand is said to be price inelas...
38
cards
MACRO - LS4 - Aggregate Supply
Aggregate supply definition 1,
Sras definition 2,
How do firms increase output in s...
17
cards
MICRO - LS13 - Consumer & Producer Surplus
Consumer surplus 1,
Producer surplus 2,
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 3
18
cards
MACRO - LS5 - The Circular Flow Of Income Model
The circular flow of income 1,
National output 2,
National expenditure 3
18
cards
MICRO - LS14 - Diminishing Marginal Utility & Misc
Gov spending eq 1,
Tax revenue eq 2,
Income effect 3
6
cards
MACRO - LS7 - The Multiplier
What s the multiplier effect 1,
How does the multiplier effect wo...,
What does the size of the multipl...
19
cards
MICRO - LS15 - XED & YED
What does xed stand for 1,
Xed formula 2,
Xed definition 3
15
cards
MICRO - LS16 - Price Mechanism
What is the price mechanism 1,
What are the functions of the pri...,
Signalling function 3
15
cards
MACRO - LS8 - Inflation
Inflation definition 1,
Two main ways of measuring inflat...,
Survey given to measure inflation 3
26
cards
MICRO - LS17 - Market Failure & Externalities
Market failure 1,
Externalities 2,
Public goods 3
9
cards
MACRO - LS9 - Employment & Balance Of Payments
Types of unemployment 1,
Frictional unemployment 2,
Seasonal unemployment 3
17
cards
MICRO - LS18 - Public Goods
Merit goods 1,
Non rival vs rival 2,
Non excludable vs excludable 3
18
cards
MICRO - LS19 - Information Gaps
Perfect information 1,
Symmetric information 2,
Imperfect information 3
6
cards
MICRO - LS20 - Max & Min Prices
Maximum price 1,
Minimum price 2,
Types of monopoly 3
13
cards
MACRO - LS10 - Economic Growth (Part 1)
Economic growth 1,
Sustainable growth 2,
What can cause economic growth 3
34
cards
MICRO - LS21 - Tradable Pollution Permits
What do governments set to do wit...,
What does the government allocate 2,
Advantages of minimum and maximum...
5
cards
MICRO - LS22 - Regulation
Regulation 1,
Command 2,
Control 3
6
cards
MICRO - LS23 - Government Failure
Government failure 1,
Causes of government failure 2,
Unintended consequences 3
11
cards
MICRO
Factor mobility 1,
Geographical mobility 2,
Occupational mobility 3
16
cards
MACRO - LS10 - Economic Growth (Part 2)
Benefits of economic growth 1,
Costs of economic growth 2,
Does increase in gdp cause an inc...
10
cards
MACRO - LS10 - Economic Growth (Part 3)
Gdp 1,
Gni 2,
Limitations of gdp and gni 3
19
cards
MACRO - LS11 - Macroeconomic Objectives
4 macroeconomic objectives 1,
Economic growth 2,
Unemployment employment 3
8
cards
MACRO - LS12 - Demand-Side Policies (Part 1)
Demand side policy 1,
Monetary policy 2,
Who decides interest rates 3
15
cards
MACRO - LS12 - Demand-Side Policies (Part 2)
Examples of fiscal policies 1,
Gov budgets 2,
Another name for accumulated debt 3
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 1,
Where do supply side policies ori...,
Two types of supply side policies 3
13
cards
MACRO - LS13 - Supply-Side Policies (Part 2)
Evaluating supply side policies 1,
Time lags 2,
Cost 3
11
cards
MACRO - LS14 - Conflicts & Trade-Offs
Macroeconomic objectives 1,
Conflicts between objectives 1 2,
Conflicts between objectives 2 3
6
cards
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AS Economics
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A Level Economics
- 50 decks
- 1987 flashcards
- 1121 learners
Decks:
Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
