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ash ley
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Decks in this class (26)
chapter 27 - monetary policy
Definition of money supply,
Definition of monetary policy,
What does high interest rate do
7
cards
chapter 1 - nature of economic problem
Definition of basic economic problem,
Definition of economic agents,
Definition of private sector
10
cards
chapter 26 - fiscal policy
Definition of fiscal policy,
Definition of government budget,
Definition of balanced budget
32
cards
chapter 25 - macroeconomic aims of gov
What are the macroeconomic aims o...,
Definition of economic growth,
Definition of gross domestic product
25
cards
chapter 24 - role of government
General role of gov,
What do all levels o government p...,
What are the 3 government level
8
cards
chapter 23 - market structure
Definition of market structure,
Features of market structure,
Types of market structure
15
cards
chapter 22 - firms costs, revenue & objectives
Definition of cost of production,
Definition of fixed cost,
Definition of average fixed cost
12
cards
chapter 21 - firms & production
Factors of production,
Demand on fop depends on,
Definition of labour intensive
15
cards
chapter 20 - firms
How to measure size of firms,
Advantages of small firms,
Disadvantages of small firms
18
cards
chapter 18 - trade union
Definition of trade union,
Objectives of employees,
Objectives of employers
14
cards
chapter 18 - workers
Definition of wage factors,
Methods of payment,
List all the non wage factors
22
cards
chapter 17 - households
Definition of disposable income,
Definition of current expenditure,
Definition of capital expenditure
14
cards
chapter 16 - money and banking
Definition of money,
Forms of money,
Functions of money
9
cards
chapter 14 - market failure
Definition of market failure,
Definition of private costs,
Definition of external costs
13
cards
chapter 15 - mixed economy system
Definition of maximum price,
Definition of minimum price,
How does gov intervene to address...
7
cards
chapter 13 - market economy system
Definition of economic system,
Three types of economy system,
Definition of market economy
6
cards
chapter 12 - pes
Definition of price elasticity of...,
Calculating pes,
Price elastic supply
10
cards
chapter 11 - ped
Definition of price elasticity of...,
Definition of price inelastic,
Definition of price elastic
12
cards
chapter 9 - price determination
Definition of market equilibrium,
Definition of equilibrium price,
Definition of market disequilibrium
7
cards
chapter 8 - supply
Definition of supply,
Determinants of supply,
Definition of extension
7
cards
chapter 7 - demand
Definition of demand,
Determinants of demand,
Definition of contraction
8
cards
chapter 6 - the roles of markets in allocating resources
Definition of market system,
Definition of market equilibrium,
Definition of market disequilibrium
6
cards
chapter 4 - production possibility curve
Definition of ppc,
Inefficient ppc,
Efficient ppc
7
cards
chapter 5 - microeconomics & macroeconomics
Definition of microeconomics,
Definition of macroeconomics,
Who are the decision makers affec...
4
cards
chapter 3 - opportunity cost
Definition of opportunity cost,
Why does opportunity cost arise
2
cards
chapter 2 - factors of production
Definition of factors of production,
Definition of land labour capital...,
Definition of geographical mobility
5
cards
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economics
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