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

Decks in this class (19)

Fiscal Policies
What happens in a expansionary 1,
What happens in contractionary 2,
What is fiscal policies 3
10  cards
Macroeconomic objectives
What is economic growth 1,
What is balance of payments 2,
Fair distribution of wealth and i...
8  cards
Monetary Policies
What are monetary policies 1,
What happens to aggregate demand ...,
What is the target for inflation 3
6  cards
Aggregate Demand/Supply (AD/AS)
Aggregate demand formulae 1,
Name the injections in the circul...,
Name the leakages in the circular...
8  cards
Micro-economics exam techniques
Economic problem arguments points 1,
Opportunity cost arguments 2,
Behavioural economics arguments 3
3  cards
Choice Architecture
What is choice architecture 1,
What is framing 2,
What are nudges 3
5  cards
Competitive Market
0  cards
Behavioural Economics
Traditional economic theory chara...,
What is rational decision making 2,
What are economic incentives 3
7  cards
Imperfect Infomation
What is meant by the term imperfe...,
What is meant by the term symmetr...
2  cards
Biases In Decision Making
0  cards
Oligopoly
What is an oligopoly 1,
What diagram will be drawn 2,
What is price leadership 3
6  cards
Competition Policies
What is competition policies 1,
What are the principles of compet...
2  cards
Privatisation & Deregulation
What is a public ownership 1,
Advantages of public ownership 2,
Disadvantages of public ownership 3
9  cards
Price Discrimination
What is price discrimination 1,
First degree 2,
Second degree 3
12  cards
Monopoly
What is a monopoly 1,
What is a pure monopoly 2,
Characteristics of a monopoly 3
7  cards
Market Failure
What are the types of market fail...,
Why do public goods lead to marke...,
Why do externalities lead to mark...
9  cards
Government Failure
Political self interest 1,
Policy short sightedness 2,
Regulatory capture 3
4  cards
Elasticity
What does psnc stand for cross pr...
1  cards
Globalisation
Define globalisation 1,
Define interdependent 2,
Define interconnected 3
3  cards

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Economic

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