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Decks in this class (21)
Micro 4.1.1 methodology and economic problem
methodology and economic problem
19
cards
Micro 4.1.2 Individual economic decision making
behavioural economics
47
cards
Micro 4.1.3 price determination in competitive markets
Define complementary goods 1,
Define substitutes 2,
Define contraction in demand 3
39
cards
Micro 4.1.4 Production, costs and revenue
Define productivity 1,
What is the productivity formula 2,
Define labour productivity 3
48
cards
Micro 4.1.5 Market structure
Define monopoly power 1,
Define a collusion 2,
What is the market structure spec...
58
cards
Micro 4.1.6 Labour market
Why is the demand for labour a de...,
What is the marginal productivity...,
Define mrp 3
65
cards
Micro 4.1.7 distribution of income and wealth
Define income 1,
Define wealth 2,
Define the distribution of income 3
27
cards
Micro 4.1.8 Market failure, Market mechanism and government intervention
Define equilibrium market price 1,
When does a surplus occur 2,
When does a shortage occur 3
77
cards
Micro application
Examples of perfect competition 1,
Key examples of oligopolies 2,
Examples of monopolies 3
10
cards
Micro exam questions
Evaluate the view that trade unio...,
Explain why imperfect and asymmet...,
Evaluate policies that could be u...
7
cards
Macro 4.2.1 Measurements of macroeconomic performance
What does the tiger anagram stand...,
What is gdp 2,
What is gdp per capita 3
35
cards
Macro 4.2.2 circular flow of income and AD/AS
What is the measure of national i...,
What is the difference between re...,
What does national income also me...
26
cards
Macro 4.2.3 Economic performance
Define economic growth 1,
What are the pros and cons of eco...,
Define short run economic growth 3
50
cards
Macro 4.2.4 financial markets and monetary policy
Define medium of exchange 1,
Define bartering 2,
What is the double coincidence of...
80
cards
Macro 4.2.5 fiscal policy and supply side policies
Define fiscal policy 1,
What is expansionary fiscal policy 2,
What is contractionary fiscal pol...
51
cards
Macro 4.2.6 international economy
Define globalisation 1,
Key causes of globalisation 2,
What are the pros of globalisation 3
95
cards
Macro 4.2.6 balance of payments
Define balance of payments 1,
What are the 3 main accounts in t...,
What will cause a surplus or defe...
32
cards
Macro application
Uk current gdp growth 1,
What is the uk annual growth fore...,
What is the uk current gdp 3
25
cards
Macro exam questions
Using the data in the extracts an...,
Using the data in the extracts an...,
Using the data in the extracts an...
7
cards
Calculations
What is the formula for marginal ...,
Formula for ped 2,
Formula for yed 3
16
cards
Elasticity
Define ped 1,
What are the different values for...,
Define pes 3
12
cards
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Economics
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