This class was created by Brainscape user Amy Skitt. Visit their profile to learn more about the creator.
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Amy Skitt
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Decks in this class (13)
1.1 - Nature Of Economics
What is an economic model 1,
Examples of economic agents 2,
What is an economic assumption 3
106
cards
1.2 - how markets work
121 what does rational mean 1,
What is utility 2,
What is marginal utility 3
114
cards
1.3 - market failure
What happens when markets work pe...,
What are scarce resources 2,
What is equilibrium 3
51
cards
1.4 - gov intervention
141 gov intervention 1,
Why do we need property rights 2,
Coase theorem 3
38
cards
2.1 - measures of economic performance
211 what is inflation 1,
What is economic growth 2,
Measuring economic growth 3
87
cards
2.2 - characteristics of aggregate demand
What is aggregate demand 1,
How is the value of ad calculated 2,
Components of aggregate demand 3
95
cards
2.3 - aggregate supply
231 characteristics of as 1,
What is a supply side 2,
Sras 3
35
cards
2.4 - national income
241 national income 1,
Key components of circular flow o...,
What do households own 3
49
cards
2.5 - Economic growth
251 causes of growth 1,
Causes of economic growth 2,
Explaining causes of economic gro...
38
cards
2.6 - macroeconomic objectives and policies
261 possible macroeconomic object...,
Economic growth 2,
What is the definition of economi...
111
cards
3.1 - business growth
311 sizes and types of firms 1,
What is an economy of scale 2,
What is a social enterprise 3
45
cards
3.2 - business objectives
What is profit maximisation 1,
What is revenue maximisation 2,
Is sales maximisation 3
10
cards
3.3 - Costs, revenues and profits
331 revenue what is revenue 1,
What is average revenue 2,
What is marginal revenue 3
45
cards
More about
Economics
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