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Decks in this class (16)
MICRO 1 - Economic Methodology & the Economic Problem
What is an opportunity cost 1,
What is a normative statement 2,
What is a positive statement 3
29
cards
MICRO 2 - Individual Economic decision making
What do consumers aim to do when ...,
What do firms aim to do when maki...,
What is utility 3
41
cards
MICRO 3 - Price determinations
What is demand 1,
What will cause movements along t...,
Factors effecting the demand curve 3
52
cards
MICRO 4 - Production, costs & revenue
What is production 1,
What is productivity labour produ...,
How can you increase productivity 3
63
cards
MICRO 5 - Market Structures
What is market structure 1,
Factors that distuingish market s...,
Equation for total profit 3
102
cards
MICRO 6 - Market Mechanism, Market Failure and Government Intervention in Markets
What is the price mechanism 1,
What is the price mechanism known...,
What is laissez faire 3
115
cards
MICRO 7 - Labour Markets
What is the economically active p...,
What is the current of unemployme...,
What is the economically active a...
99
cards
MICRO 8 - Poverty & Inequality
What is the distribution of incom...,
What is income 2,
Examples of income 3
48
cards
MACRO 1 - Measurements of Macroeconomic performance
What do the 4 government objectiv...,
What is the economic growth trend 2,
What type of economic growth do t...
33
cards
MACRO 2 - How the Macroeconomy works
What is national income 1,
Whats is real gdp 2,
What is nominal gdp 3
58
cards
MACRO 3 - Economic Performance
What is short run economic growth 1,
What is long run economic growth 2,
What is potential output 3
60
cards
MACRO 4 - Financial markets & monetary policy
What is the function of money 1,
What are the 4 functions of money 2,
Factors of medium of exchange 3
113
cards
MACRO 5 - Fiscal & Supply side policy
What is fiscal policy 1,
What are the two parts to fiscal ...,
When is there a balanced budget 3
69
cards
MACRO 6 - International Economies
What is globalisation 1,
Top 3 largest economies in 2025 g...,
What is the worlds spread of gdp ...
66
cards
General Definitions
Positive statement 1,
Normative statement 2,
Value judgement 3
305
cards
UK Economic History
Were there rising or lowering liv...,
Was unemployment low or high in t...,
What was the of economic growth i...
44
cards
More about
Economics
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