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Biney Boots
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Decks in this class (16)
1.1 What is Economics
Economics 1,
Social sciences 2,
Microeconomics 3
46
cards
2.1 Demand
Complementary goods 1,
Demand 2,
Movements along demand curve 3
18
cards
2.2 Supply
Supply 1,
Shift of supply curve 2,
Movement along supply curve 3
13
cards
2.3 Competitive Market Equilibrium
Market equilibrium 1,
Equilibrium price market price 2,
Market clearing 3
9
cards
2.3 Competitive Market Equilibrium: Signals and Social Surplus
Incentive role of prices 1,
Rationing 2,
Resource allocation 3
15
cards
2.5 Price Elasticity of Demand (PED)
Elasticity 1,
Price elasticity of demand 2,
Total revenues 3
18
cards
2.5 Income Elasticity of Demand (YED)
Luxury goods 1,
Necessity goods 2,
Normal goods 3
8
cards
2.5 Price Elasticity of Supply
Price elasticity of supply 1,
Price elastic supply 2,
Price inelastic supply 3
6
cards
2.8 Market Failure + 2.7 Government intervention
Market failure 1,
Externalities 2,
Marginal benefit 3
44
cards
3.1 Circular Flow of Income Model + Intro
Studies 1,
Short run 2,
Long run 3
36
cards
3.1 Calculations and Measurements
Economic growth 1,
Actual growth 2,
Per capita 3
26
cards
3.1 Business Cycle
Business cycle 1,
Potential output 2,
Boom 3
16
cards
3.1 Economic Well-being
N f economic well being 1,
Composite indicator 2,
Oecd better life index 3
12
cards
3.2 Aggregate Demand (AD) Curve
Aggregate demand ad 1,
Ad curve 2,
Business confidence 3
24
cards
3.2 Short-run Aggregate Supply (SRAS) Curve
Aggregate supply as 1,
As curve 2,
Short run macro 3
15
cards
3.2 Short-run equilibrium
When is an economy in equilibrium...,
Short run macroeconomic equilibri...
2
cards
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Economics
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