This class was created by Brainscape user Brando Naïm.

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Decks in this class (21)

Micro I: Nature of Economics
Scarcity 1,
Economic problem 2,
Opportunity cost 3
8  cards
Micro I: How Markets Work
Demand 1,
Supply 2,
Equilibrium price quantity 3
14  cards
Micro I: Market Failiure
Market failure 1,
Externalities 2,
External cost benefit 3
10  cards
Micro I: Govt Intervention
Indirect tax 1,
Specific tax 2,
Ad valorem tax 3
8  cards
Macro II: Economic growth
Inflation 1,
Consumer price index cpi 2,
Retail price index rpi 3
11  cards
Macro II: Aggregate Demand
Aggregate demand ad 1,
Consumption 2,
Investment 3
10  cards
Macro II: Aggregate Supply
Aggregate supply as 1,
Short run aggregate supply sras 2,
Long run aggregate supply lras 3
6  cards
Macro II: National Income
Gross domestic product gdp 1,
Real gdp 2,
Nominal gdp 3
9  cards
Macro II: Economic growth
Economic growth 1,
Actual growth 2,
Potential growth 3
9  cards
Macro II: Policies and Objectives
Fiscal policy 1,
Monetary policy 2,
Monetary policy committee mpc 3
11  cards
Micro III: Business Growth
Organic growth 1,
Horizontal integration 2,
Vertical integration 3
14  cards
Micro III: Business Objectives
For profit business 1,
Not for profit business 2,
Profit maximisation 3
7  cards
Micro III: Revenue Costs And Profits
Total revenue 1,
Average revenue ar 2,
Marginal revenue 3
12  cards
Micro III: Market Structures
Perfect competition 1,
Monopolistic competition 2,
Oligopoly 3
22  cards
Micro III: Labour Market
Derived demand 1,
Geographical mobility of labour 2,
Occupational mobility of labour 3
8  cards
Micro III: Govt Intervention
Competition policy 1,
Competitive tendering 2,
Deregulation 3
6  cards
Macro IV: Globalisation
Absolute advantage 1,
Comparative advantage 2,
Theory of comparative advantage 3
20  cards
Macro IV: Poverty
Absolute poverty 1,
Relative poverty 2,
Lorenz curve 3
3  cards
Macro IV: Developing Economies
Harrod domar model 1,
Lewis 2 model 2,
Primary product dependency 3
6  cards
Macro IV: Financial Sector
Central banks 1,
Market bubbles 2,
Market rigging 3
5  cards
Macro IV: Role of The State
Automatic stabilisers 1,
Transfer payments 2,
Capital expenditure 3
9  cards

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Economics📈

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