This class was created by Brainscape user Seth Lau. Visit their profile to learn more about the creator.
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Seth Lau
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Decks in this class (17)
Terminology
Allocative efficiency 1,
Appreciation 2,
Australian competition and consum...
72
cards
1.0 - what is economics
The economic problem 1,
Types of wants 2,
Key economic issues 3
12
cards
2.0 how economies operate
Good and services 1,
4 factors of production 2,
Land natural resources 3
22
cards
3.0 - how economies differ
sorry, past Seth decided not include 3.3, hope it didn't end up being a pain
13
cards
4.0 - consumers in the market economy
Explain the effects of consumer s...,
Average propensity 2,
How do businesses reduce consumer...
10
cards
5.0 - businesses in the market economy
Define businesses firms and indus...,
Factors businesses consider when ...,
Factors businesses consider when ...
15
cards
6.0 - demand
Name the various factors of marke...,
Explain the forms of external inf...,
Describe the ceteris paribus assu...
11
cards
7.0 - supply
Name the factors of market supply 1,
Define the supply schedule 2,
Outline the factors that cause sh...
6
cards
8.0 - market equilibrium
Explain the concept of market equ...,
Explain the tendency of the econo...,
Describe the dynamics of a produc...
14
cards
9.0 - labour demand and supply
Define labour market 1,
Describe the nature of the demand...,
Note the factors that affect labo...
20
cards
10.0 - labour market outcomes
Decribe the trends within labour ...,
Explain differences in wage outco...,
Explain differences in wage outco...
18
cards
11.0 - the changing australian labour market
Explain the workplace relations s...,
Describe the types of trade unions 2,
What are most current unions affi...
12
cards
12.0 - types of financial markets
0
cards
13.0 - money and interest rates
0
cards
14.0 - the limits of markets
0
cards
15.0 - the role of government in australia
0
cards
16.0 - government in action
0
cards
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ECONOMICS
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