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By:
Adrian Lee
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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
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Economics
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