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Satvik Nath
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Decks in this class (15)
1.1 NATURE OF ECONOMICS
I what is a social science,
Ii what is an economic model,
Iii why do economists use models
52
cards
1.2 HOW MARKETS WORK
I what is utility,
Ii what do consumers seek to maxi...,
Iii what do firms seek to maximise
57
cards
1.4 GOVERNMENT INTERVENTION AND GOVERNMENT FAILURE
I what is a tax,
Ii what is the difference between...,
Iii what are the two types of ind...
37
cards
1.3 MARKET FAILURE
I what is the definition of marke...,
Iii what is the overproduction or...,
Name all the types of market fail...
18
cards
2.1 MEASURES OF ECONOMIC PERFORMANCE
I what is gross domestic product,
Ii explain the difference between...,
Iii explain the difference betwee...
59
cards
2.2 AGGREGATE DEMAND
I what is aggregate demand,
Ii what are 4 components of ad,
Iii what of ad is comprised of ea...
32
cards
2.3 AGGREGATE SUPPLY
Keynsian,
Lras shifts due to the quality an...,
Why is lras vertical
4
cards
2.4 NATIONAL INCOME
I what is the circular flow of in...,
Iii what is the difference betwee...,
Iv what is the opportunity cost o...
23
cards
2.5 ECONOMIC GROWTH
I what is the difference between ...,
Ii what causes actual growth but ...,
Iii what causes potential growth
18
cards
2.6 MARCOECONOMIC OBJECTIVES AND POLICIES
Objectives,
Tigers,
Indicators
24
cards
3.1
Types of firms,
Organic growth internal growth,
How does organic growth form
43
cards
4.1 - GLOBALISATION
Globalisation,
Causes of globalisation,
Pros of globalisation
15
cards
OTHER INFO
Japan,
Vietnam gdp,
Problems with cambodias economy
12
cards
KEY INFO
Conditions of demand,
Conditions of supply,
Conditions of elasticity of demand
12
cards
UH OH STINKY
Madlit eval,
Internal economies,
External
9
cards
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ECON FR
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