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Michelle Tran
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Decks in this class (18)
chapter 1: nature of eco
Identify the economic problem,
Identify the equation of scarcity...,
The need for choice and by indivi...
11
cards
chapter 1 pt 2
What are the future implications ...,
What are the future implications ...,
What are future implications of c...
7
cards
chapter 2: the operation of an eco
What are the four questions in th...,
Identify and briefly describe the...,
How can govs influence economic a...
5
cards
chapter 3: The market system
Define a pure market economy and ...,
Define a centrally planned eco,
Define price mechanism and factor...
9
cards
Chapter 4: Consumers in the market economy
Define consumer sov,
Identify the factors that reduce ...,
How can marketing reduce consumer...
13
cards
chapter 4 pt 2
Define mps and mpc and their form...,
Outline how age influences saving...,
Using your knowledge of how age i...
6
cards
chapter 5: Businesses in economy
What do business goals represent,
A firm s production decision what...,
A firms production decision how t...
26
cards
chapter 6: Demand
Define demand,
What is the law of demand,
Define inferior goods giffen good...
14
cards
Chapter 7: Supply
What are the factors affecting ma...,
Movements along the supply curve ...,
The supply curve features
13
cards
Chapter 8: Market equilibrium and and gov intervention
Define market equilibrium,
A basic analysis of market equili...,
What is makret equilibrium
26
cards
chapter 9:labour demand and supply
How is demand for labour derived,
What is the most significant infl...,
How do economic conditions correl...
15
cards
chapter 10: Labour market outcomes
unfinished due to topic not being in the test
7
cards
chapter 11: changing australian labour market
Define industrial relations,
What is the industrial relations ...,
What is a trade union
17
cards
Chapter 12: The role of financial markets in the eco
What are financial markets,
What are financial intermediaries...,
What are the different financial ...
28
cards
chapter 13: interest rate determination
What are some reasons to hold mon...,
Why has there been a decrease in ...,
What is the main opp cost of hold...
19
cards
chapter 14: limits of markets
Why do gov intervene,
What are public goods,
What are merti goods
12
cards
chapter 15: role of gov
What are the sources of revenue f...,
What si the public sector,
What are two important indicators...
21
cards
chapter 16: gov in action
Define fiscal policy,
What si the commonwealth budget,
Forms of commonwealth gov revenue
5
cards
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eco
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