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

Decks in this class (16)

1.1 Nature of Economics
What is ceteris paribus 1,
Why may economics be seen as not ...,
What is a positive economic state...
31  cards
1.2 How Markets Work
What are the three main underlyin...,
What is demand 2,
What causes movements and what ca...
29  cards
1.3 Market Failure
What are the three causes of mark...,
What is an externality 2,
What is a private cost benefit 3
13  cards
1.4 Government Intervention
How does indirect taxes reduce ma...,
What are the advantages of using ...,
What are the disadvantages of usi...
21  cards
2.1 Measures of Economic Performance
What is economic growth 1,
What is gross domestic product 2,
What is real gdp and how does it ...
29  cards
2.2 Aggregate Demand
What is aggregate demand 1,
What are the components of aggreg...,
What is consumption 3
16  cards
2.3 Aggregate Supply
What is aggregate supply 1,
Why is the short run aggregate su...,
What is the difference between lo...
10  cards
2.4 National income
What is the difference between we...,
What are injections and what are ...,
What are withdrawals and what are...
6  cards
2.5 Economic Growth
What causes economic growth 1,
What is the difference between ac...,
What is an output gap 3
6  cards
2.6 Macroeconomic Objectives and Policies
What are the seven macroeconomic ...,
What is the difference between ex...,
What is the difference between mo...
30  cards
3.1 Business Growth
Why do firms wish to grow 1,
What is the principle agent probl...,
What is an example of the princip...
22  cards
3.2 Business Objectives
Why should firms profit maximize 1,
At what point does profit maximiz...,
Why should firms revenue maximise 3
8  cards
3.3 Revenues, Costs and Profits
What is revenue 1,
What is total revenue 2,
What is average revenue 3
23  cards
3.4 Market Structures
What is allocative efficiency 1,
What is productive efficiency 2,
What is dynamic efficiency 3
47  cards
3.5 Labour Markets
What does the demand curve for la...,
What is derived demand 2,
What are 6 factors which affect t...
26  cards
3.6 Government Intervention
What are the four roles of the cma 1,
What three things can the cma do 2,
When would the cma investigate a ...
21  cards

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Economics

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