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EC1101: Principles Of Economics

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

By: Dany Malik
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Decks in this class (18)

Unit 9: The Labour Market
What does unit 9 of core econ foc...,
Who is counted as unemployed 2,
Can countries have the same unemp...
23  cards
Unit 10: Banks, Money & The Credit Market
What does money allow people to do 1,
What is m0 2,
What is the key difference betwee...
15  cards
Unit 11: Market Dynamics
What causes market equilibrium to...,
How does the market reach equilib...,
What is an economic rent 3
23  cards
Unit 12: Markets, Efficiency & Public Policy
What is an externality 1,
What does msc mpc mec mean 2,
When does a negative externality ...
21  cards
Unit 13: Economic Fluctuations & Unemployment
What is the business cycle 1,
What happens during a recession 2,
What does okun s law show 3
20  cards
Unit 14: Unemployment & Fiscal Policy
What is the aggregate demand func...,
What is autonomous consumption c 2,
What is the marginal propensity t...
20  cards
Unit 15: Inflation, Unemployment & Monetary Policy
What is inflation 1,
What is deflation 2,
What is disinflation 3
23  cards
Unit 16: Technology, Employment & Living Standards
What is the main driver of long r...,
How does technological progress a...,
Why hasn t tech progress led to m...
20  cards
Unit 19: Economic Inequality
What is economic inequality 1,
What is categorical inequality 2,
What is intergenerational inequal...
20  cards
Unit 20: Economics Of The Environment
What is the tragedy of the commons 1,
Why do common resources get overu...,
What are three solutions to the t...
20  cards
Unit 1: The Capitalist Revolution
What is the main focus of economi...,
What are the three core elements ...,
What is gdp 3
20  cards
Unit 2: Technology, Population & Growth
What is the malthusian trap 1,
Who developed the malthusian model 2,
Why did the world remain poor for...
20  cards
Unit 3: Scarcity, work & Choice
What is scarcity 1,
What does a production function s...,
What is the marginal product of l...
20  cards
Unit 4: Social Interactions
What are social interactions 1,
What is game theory 2,
What is a dominant strategy 3
20  cards
Unit 5: Property & Power
What are institutions 1,
What is power in economics 2,
What is bargaining power 3
20  cards
Unit 6: The Firm: Workers, Managers & Employees
Why do firms exist 1,
What is an incomplete contract 2,
What is the principal agent probl...
20  cards
Unit 7: The Firm: Customers
What is a price setter 1,
Why do firms have market power 2,
What is a demand curve 3
20  cards
Unit 8: Supply & Demand
What is a price taker 1,
What are the key assumptions of a...,
What does the market demand curve...
20  cards

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EC1101: Principles Of Economics

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