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Economic principles 1

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

By: Matthew MacKinnon
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Decks in this class (14)

The capitalist revolution
In many countries when did living...,
Capitalism d,
What has the rise in living stand...
45  cards
Technological change, population and economic growth
What was malthus theory,
What was malthus theory squashed by,
Ceteris paribus d
39  cards
Scarcity, work and choice
Scarcity d,
Average product d,
Marginal product d
38  cards
social interactions
Social dilemma d,
What is the tragedy of the commons,
Free rider d
31  cards
property and power
Institutions d,
Bargaining power d,
Who has more bargaining power in ...
20  cards
the firm - owners, managers and employees
Firm d,
Division of labour d,
What are the two main ways a capi...
23  cards
the firm and it's customers
Demand curve d,
Where is the feasible set in rela...,
Where is the profit maximising po...
35  cards
supply and demand
Supply curve d,
Price taker d,
Competitive equilibrium d
14  cards
market disequilibrium
When demand is increased who is o...,
Short side d,
Where is the short side of the ma...
20  cards
markets, contracts and information
External cost d,
Where does the msc curve go for a...,
Where is the pareto efficient out...
14  cards
credit, banks and money
Money d,
Wealth d,
Income d
15  cards
economic fluctuations and unemployment
Recession d,
Unemployed d,
Labour force d
18  cards
unemployment and fiscal policy
Multiplier d,
Consumption function aggregate,
Investment d
26  cards
inflation and monetary policy
What is disinflation,
Real interest rate d,
Menu costs d
23  cards

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Economic principles 1

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