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

Decks in this class (26)

Chapter 7: Demand
Demand factors,
Supply factors,
Determinants of ped
5  cards
Chapter 13: Market economic system
Importance of competition and inc...,
Advantages of a market economic s...,
Disadvantages of a market economi...
4  cards
Chapter 14: Market failure
Market failure,
Failure to take into account of a...,
Information failure
9  cards
Chapter 15: Mixed economic system
Mixed economic system,
Maximum prices,
Minimum price
5  cards
Chapter 16: Money and banking
Functions of money,
Characteristics,
Functions of commercial banks
3  cards
Chapter 17: Households
Influences on spending,
Reasons for saving,
Influences on spending
5  cards
Chapter 18: Workers
Wage factors,
Non wage factors,
Limiting factors
17  cards
Chapter 20: Firms
Size of firms,
Reasons for small firms,
External growth
21  cards
Chapter 21: Firms and production
Productivity,
Factors influencing demand for ca...,
Demand for land
6  cards
Chapter 22: Firms, costs, revenue, and objectives
Objective of firms,
2  cards
Chapter 23: Market structure
Behaviour of competitive firms,
Performance of competitive firms,
Reasons to monopolies arising
6  cards
Chapter 24: Role of government
Government as a producer,
Public sector contracts and partn...,
Government as an employer
4  cards
Chapter 25: Macroeconomic aims of government
Economic growth,
Low unemployment,
Price stability
5  cards
Chapter 26: Fiscal policy
Reasons for government spending,
Reasons for levying taxation,
Principles of taxation
10  cards
Chapter 27: Monetary policy
Monetary policy,
Changes in money supply,
Changes in rate of interest
6  cards
Chapter 28: Supply side policy
Supply side policies,
Improving education and training,
Lowering direct taxes and increas...
8  cards
Chapter 30: Economic growth
Difficulty of measuring real gdp,
Recession,
Causes of a recession
7  cards
Chapter 30: Employment and unemployment
Changes in the patterns of employ...,
Changes in the levels of employment,
Frictional unemployment
10  cards
Chapter 31: Inflation and Deflation
Inflation,
Deflation,
Disinflation
11  cards
Chapter 33: Poverty
1  cards
Chapter 34: Population
Emigration,
Birth rate
29  cards
Chapter 35: Economic development
Economic development,
Causes of differences in economic...,
The cycle
14  cards
Chapter 36: International specialisation
Advantages for consumers,
Disadvantages for consumers,
Advantages for firms
6  cards
Chapter 37: Free trade and protection
Reasons for globalisation,
Consequences of gloablisation,
Benefits for mncs
10  cards
Chapter 38: Foreign exchangerates
Reasons for demand of currency in...,
Reasons for supply of currency,
Causes of exchange rate fluctuations
11  cards
Chapter 39: Current account of balance of payments
Balance of payments,
Components of the current account,
Changes in exports and imports
9  cards

More about
Economics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Adrian Lee'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
  • 377 learners
Decks: 11 Economic Methodology, 12 The Nature And Purpose Of Economic Ac, 13 Economic Resources, And more!
Economics Sections
  • 15 decks
  • 1394 flashcards
  • 20 learners
Decks: Section 1 The Economic Problem, Section 2 Price Determination, Section 3 Business Economics, And more!
economics
  • 42 decks
  • 830 flashcards
  • 6 learners
Decks: Exam Technique, 111 The Economic Problem, 112 Business Objectives, And more!
Make Flashcards