This class was created by Brainscape user shush shush. Visit their profile to learn more about the creator.
By:
shush shush
- decks
- flashcards
- learners
Decks in this class (22)
Globalisation
Define globalisation,
Factors of globalisation,
Pros
16
cards
Specialisation and Trade
Absolute advantage,
Comparative advantage,
Assumptions for ca
10
cards
Costs
Fixed costs,
Variable costs,
Examples of fixed costs
7
cards
Efficiency
Allocative efficiency,
Formula for allocative efficiency,
Productive efficiency
11
cards
Economies of Scale
Economies of scale,
Internal eos,
Risk bearing
20
cards
Business Objectives
Benefits of profit maximisation,
Where does prrofit max occur,
Why don t businesses always profi...
16
cards
Measures of Development
Single indicators,
Gdp per capita,
Limitations of gdp per capita
11
cards
Factors influencing growth and development
Primary product dependency,
Problems of ppd,
Volatility of commodity prices
17
cards
Strategies Influencing Growth and Development
Trade liberation,
Tradlib benefits,
Tradlib costs
39
cards
Efficiency Analysis
Allocative efficiency,
Consumer analysis for allocative ...,
Producer analysis for allocative ...
12
cards
market failure
Market failure def,
Negative positive externalities,
De merit goods
6
cards
Public Expenditure
Capital expenditure,
Current expenditure,
Transfer payments
9
cards
Taxation
Types of taxes,
Impacts of tax on incentives to work,
Impacts of tax on income distribu...
7
cards
market structures
Oligopoly definition,
Characteristics of an oligopoly,
Oligopoly vs monopoly
24
cards
Labour Market
Supply of labour factors,
Supply of labour factors eval,
Why does govt increase nmw
13
cards
Government Intervention Micro
Why should govt stop sale to fore...,
Sale to foreign company eval,
Controlling monopolies
16
cards
monopsony
Monopsony def,
Monopsony characteristics,
Monopsony cons
7
cards
macro jan 2023
Why would a country impose tariff...,
Decline for econ growth,
Expansionary policies to boost ec...
7
cards
25 markerzzz
Evaluate why wage differences exi...,
Why do firms engage in collusive ...,
Microeconomic consequences of swi...
19
cards
financial sector
Financial markets definition,
Roles of the financial markets,
Forward markets
13
cards
poverty and inequality
Absolute poverty,
Absolute poverty,
Causes of changes in poverty
12
cards
olipolgy and game theroy and shit#
Effect of price cuts on firms in ...,
Price vs non price strategies,
Why can price fixing occur
3
cards
More about
Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study shush shush's Economics flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
economics
- 33 decks
- 948 flashcards
- 1 learners
Decks:
Perfect Competition Imperfectly Competit, Labour Market, Monetary Policy, And more!
A Level Economics: Microeconomics
- 56 decks
- 1589 flashcards
- 376 learners
Decks:
11 Economic Methodology, 12 The Nature And Purpose Of Economic Ac, 13 Economic Resources, And more!
