This class was created by Brainscape user Fred Salcedo. Visit their profile to learn more about the creator.
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Fred Salcedo
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Decks in this class (13)
Behavioral Economics
What is behavioral economics 1,
What 4 factors bound consumer rat...,
What is asymmetric information 3
15
cards
Price Determination in Competitive markets
What are the factors affecting de...,
What is diminishing marginal util...,
What is the price elasticity of d...
17
cards
Production costs and Revenue
2 advantages of specialisation 1,
2 disadvantages of specialization 2,
How can the law of diminsishing r...
7
cards
Perfect, Imperfect markets and Monopoly
3 points why would a firm profit ...,
3 points why a firm would not pro...,
What is profit satisficing 3
45
cards
The Labour Market
What is demand for labour derived...,
What is mrp and its formula 2,
3 criticisms of mrp as a measure ...
32
cards
Distribution of Income Wealth Poverty and Inequality
What is income 1,
What is wealth 2,
4 reasons for differentials in in...
17
cards
Market Mechanism and Government intervention
What is an indirect tax 1,
What is a direct tax 2,
What are 3 drawbacks of indirect ...
51
cards
Macro Performance
What are the main macro objectives 1,
3 other macro objectives that are...,
3 different measure of gdp 3
66
cards
Financial Markets and Monetary policy
What is a financial market 1,
What are intermediates 2,
What are the 2 types of financial...
46
cards
Fiscal and Supply side policy
3 effects of expansionary fiscal ...,
3 effects of contractionary fisca...,
2 positives of automatic stabiliz...
34
cards
Globalization and Trade
Definition of globalization 1,
4 causes of globalization 2,
4 pros of globalization 3
36
cards
Exchange Rate Systems and Development
How is the exchange rate determin...,
3 causes of changes in demand for...,
3 causes of changes in supply to ...
28
cards
Micro Examples
Examples of collusive oligopoly 1,
What are opecs guidelines 2,
Negatives of opec 3
3
cards
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Economics
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