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Economics

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

By: Perujan Paraneetharan
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Decks in this class (14)

1.1
What is the definition of ppf pro...,
Define specialisation 2,
Free market economy 3
50  cards
1.1(real)
What is the basic economic problem 1,
Why is choice central to the basi...,
Economics is the study of 3
84  cards
1.2.1-2
What are the underlying assumptio...,
What s consumers aim to maximise ...,
What is the firms aim to maximise...
23  cards
1.2.3
What is elasticity of demand 1,
What is price elasticity of deman...,
Formula for ped 3
30  cards
1.3 Market failure
When does market failure occur 1,
What are externalities 1,
What are externalities also known...
20  cards
1.4
What are some examples of market ...,
What is an indirect tax 2,
When do governments use indirect ...
27  cards
2.1.1-2
When does economic growth happen 1,
What does gdp measure 2,
What is real gdp 3
29  cards
2.1.3-4
Can you explain why measuring une...,
Whats the claimant count 2,
Whats the strengths of the claima...
36  cards
2.2.1-2
What is aggregate demand 1,
What is aggregate demand made up ...,
What is consumption 3
31  cards
2.2.3-5
What is investment 1,
What is gross investment 2,
What is net investment 3
21  cards
2.4
What are the two sectors economy 1,
Explain the circular flow of inco...,
What is national output 3
32  cards
2.5
What needs to happen for economic...,
What factors cause economic growth 2,
Explain land for economic growth 3
36  cards
2.6.1-2.6.2
What are governments economic gro...,
Explain aims for low unemployment 2,
Explain aims for low and stable i...
35  cards
2.6.3-2.6.4
What are supply side economies 1,
What are market based policies 2,
What do free market economists th...
17  cards

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Economics

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