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Decks in this class (18)
Economic Methodology (micro)
Y1 progress exams
30
cards
PPF curves (micro)
What is ment by the term ppf 1,
What 2 things does a ppf show 2,
What is found on the axis of a mi...
11
cards
Supply, Demand and the demand theory (micro)
What is meant by the term demand 1,
What is stated by the law of dema...,
What effects explain the inverse ...
61
cards
Market Equilibrium and interrelationships (micro)
What is a market 1,
What is meant by equalibruim 2,
What does it mean if the line p2 ...
13
cards
Production, Costs and Revenue (micro)
GO OVER THIS TOPIC BEFORE THE EXAM!
54
cards
How the macroeconomy works
What are the determinants of cons...,
Determinants of saving 2,
Determinants of investment 3
40
cards
Economic performance
What are the 4 main points on the...,
What are the two types of growths...,
State the shape of the actual gro...
85
cards
Objectives Of Firms
What are the main objectives of f...,
Why mighy a firm maximise profits 2,
Where does profit maximisation oc...
57
cards
The measurement of macroeconomic performance
What does gdp stand for 1,
What is gdp 2,
What can gdp measure 3
29
cards
Market mechanism, market failure and government intervention in markets
How do markets allocate resources 1,
What is meant by the rationing fu...,
What is meant by the signalling f...
76
cards
Government spending and taxation
What is meant by current spending 1,
What is meant by capital spending 2,
What is meant by welfare spending 3
29
cards
Macroeconomic policy
What is the aim of a fiscal policy 1,
What are the two types of fiscal ...,
What occurs under an expansionary...
28
cards
Monopolies and competitive markets
What is meant by the term market ...,
What are the properties of a mark...,
What is imperfect competition 3
32
cards
EVALUATION
What type of approach is regulati...,
Examples of commands 2,
Examples of control 3
18
cards
Last Min
Positive externalities result in ...,
Negative externalities result in ...,
Why does a dwl occur for a positi...
4
cards
Super last min (Supply side policy)
What is a supply side policy 1,
If a supply side policy is succes...,
What are the two types of supply ...
8
cards
Efficeincies
What is productive efficiency 1,
Allocative efficiency 2,
X inefficiency 3
4
cards
Wider UK application
(Unsorted, just temporary for mocks)
25
cards
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economics
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