This class was created by Brainscape user Harry Lees.

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Decks in this class (12)

Microeconomics Booklet Four - Y13
- costs, revenues and profits - production process - marginal returns and returns to scale - economies and diseconomies of scale - technological change - creative destruction - objectives of firms - business growth - barriers to entry and contestable markets
42  cards
Microeconomics Booklet Five - Y13
- competition - perfect competition - monopoly - monopolistic competition - oligopoly - game theory - price discrimination - government policy
31  cards
Macroeconomics Booklet One - Y12
- national income - circular flow of income - gross domestic product - index numbers and handling data - macroeconomic policy objectives
12  cards
Macroeconomics Booklet Two - Y12
- aggregate demand - aggregate supply - macroeconomic equilibrium
18  cards
Macroeconomics Bookelt Three - Y12
- economic growth - unemployment - inflation - balance of payments - exchange rates - government macroeconomic policy
48  cards
Microeconomics Booklet Six - Y13
- labour markets and wage determination - minimum wages - trade union - monopsony - discrimination - distribution of income and wealth - poverty
23  cards
Macroeconomic Booklet Four - Y13
- money and the money supply - the financial system - central banks and the banking system - monetary policy - quantity theory of money - regulation of the banking system
45  cards
Macroeconomic Booklet Five - Y13
- globalisation - theories of international trade - free trade and protectionism - exchange rates - currency unions - current account - correcting trade deficits/surpluses - economic growth and development
47  cards
Microeconomics Booklet One - Y12
- economic methodology - production and the basic economic problem - PPfs - productivity - efficiency - specialisation and the division of labour
35  cards
Microeconomics Booklet Two - Y12
- demand - supply - market equilibria - consumer and producer surplus - elasticity
37  cards
Microeconomics Booklet Three - Y12
- market failure - government intervention - government failure - behavioural economics
56  cards
Macroeconomics Booklet Six - Y13
- fiscal policy - monetary policy - unemployment - the phillips curve
15  cards

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Economic Key Terms

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