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Nicole Bazga
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Decks in this class (24)
What is Economics?
What is economics,
What is scarcity,
What are opportunity costs
35
cards
Production Possibility Frontier
What is a production possibility ...,
What does production efficient mean,
What does the shape of the ppf de...
9
cards
Demand
What is the law of demand,
What is the substitution effect,
What is the income effect
29
cards
Elasticity of Demand Supply
What is elasticity,
What does elasticity show,
What happens if the sign is positive
49
cards
Market Equilibrium
When does a market occur,
What does the supply curve reflect,
What does the demand curve reflect
20
cards
Free Market System
What is consumer surplus,
What is producer surplus,
What is community surplus
30
cards
Short-run and Long-run
What is the short run,
What is the long run,
What is a fixed input
32
cards
Revenue, Costs and Profits
What is total revenue,
How do we calculate total revenue,
What is average revenue
25
cards
Perfect Competition
What is market structure,
What are the different types of m...,
What are the main characteristics...
11
cards
Monopoly
What is a monopoly,
Is a monopoly a price maker or a ...,
Is a monopoly upward or downward ...
6
cards
Monopolistic Competition
What are the features of a monopo...,
What does a monopolistic competit...,
When does a firm maximise profits...
10
cards
The Labour Market
What is a labour market,
What is labour supply,
What is labour demand
17
cards
Equilibrium in the Economy
What is macroeconomics,
What are the characteristics of m...,
What are the major issues in macr...
40
cards
National Income and the Standard of Living
How do we measure national income,
What is output,
What is expenditure
17
cards
Aggregate Demand, Supply and the Price Level
What is aggregate demand,
Why is aggregate demand downward ...,
What is income effect
26
cards
Consumption Investment
What does ad consist of spending by,
What is the formula for ad,
Why do we have to add exports
29
cards
Fiscal Policy
What is fiscal policy,
What can fiscal policy affect,
What are the aims of fiscal policy
40
cards
Money
What is money,
What are the functions of money,
What helps to fulfill the functio...
30
cards
Economic Growth and Cycle
What is economic growth,
What is actual growth,
What is potential growth
24
cards
Unemployment
What is the working age population,
What is economic active,
What is economic inactive
25
cards
Inflation and Monetary Policy
What is inflation,
What is consumer price inflation,
How is consumer price inflation e...
24
cards
Exchange Rates
What is the nominal exchange rate,
What happens if there is no gover...,
What happens in a fixed exchange ...
16
cards
International Trade and Balance of Payments
What is international trade,
What is a closed economy,
What does international trade con...
21
cards
Protectionism and Globalization
What is protectionism,
What is free trade,
What does protectionism prevent
19
cards
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Economics
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