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Decks in this class (28)
Microeconomics - Demand
Ped calculation 1,
Yed calculation 2,
Xed calculation 3
40
cards
Macro - measures of economc performance
What is economic growth 1,
How is economic growth typically ...,
What is gdp 3
13
cards
Macro - unemployment
What are the types of unemployment 1,
What is underemployment 2,
What is frictional unemployment 3
18
cards
Macro - Macroeconomic Objectives & Policies
What are the four key macroeconom...,
What are the other macroeconomic ...,
What are demand side policies 3
13
cards
Microeconomics - Externalities
What is market failure 1,
What are the three main types of ...,
What is underprovision of public ...
21
cards
Macro- AD
What is ad 1,
What are the components of ad 2,
What is consumption 3
23
cards
macroeconomics- AS
What is aggregate suply 1,
Why is producing more in the shor...,
Is short run likely to be more el...
10
cards
Micro- Business growth
Why do some firms grow 1,
Why do some firms remain small 2,
Blank 3
3
cards
3.3.1 Revenue
Total revenue 1,
Average revenue 2,
Marginal revenue 3
4
cards
4.1.6 Restrictions on free trade
What are the reasons for restrict...,
What are the types of restrictions 2,
What is the infant industry argum...
17
cards
4.1.2 Specialisation & Trade
What is the theory of comparative...,
What is absolute advantage 2,
What is comparative advantage 3
8
cards
4.1.5 Trading Blocs and WTO
What is a regional trading bloc 1,
What are the four trading blocs 2,
What is a free trade area fta 3
13
cards
1.1.1 Economics as a social science
Why do economicsts developmodels 1,
What is ceteris paribus 2
2
cards
1.1.2 Positive & Normative statements
What is a positive statement 1,
What is a normative statement 2,
What is the role of a value judge...
3
cards
3.4.1 Efficiency
What is allocative efficiency 1,
What is productive efficiency 2,
What is dynamic efficiency 3
8
cards
3.2.1 Business Objectives
What is the goal of firms 1,
Why would a firm want to short ru...,
Where do firms profit maximise 3
8
cards
4.2.1 Poverty
What is absolute poverty 1,
How does the world bank define ab...,
How does economic development cor...
12
cards
4.2.2 Inequality
What is income 1,
What is wealth 2,
What does income inequality refer...
5
cards
2.6.1 Macoeconomic objectivs
What are the four main macroecono...,
What are the three secondary macr...,
What is the long run trend of eco...
5
cards
4.3.1 Measures of Development
What are the 3 factors of the hum...,
How is health measured for the hdi 2,
How is education measured for the...
10
cards
4.3.2 Factors affecting growth and development
What economic factors influence g...,
How does primary product dependen...,
What does the prebisch singer hyp...
19
cards
2.6.2 Demand Side Policies
What do demand side policies aim ...,
What does expansionary policy do 2,
What does deflationary policy att...
23
cards
3.1.1 Sizes and types of firms
3 reasons why firms grow 1,
Reasons why firms remain small 2,
What is the divorce of ownership ...
8
cards
4.4.1 Role of Financial Markets
What are the 5 roles of the finan...,
How does the financial market fac...,
How does the financial market len...
7
cards
3.5.1 Demand for Labour
What are the 6 factors that infue...,
How does wage rates influence the...,
How does demand for the product i...
10
cards
4.4.2 Market failure in the finanial sector
Explain the market failure of asy...,
Explain the market failure of mor...,
Explain the market failure of ext...
5
cards
3.5.2 Supply of Labour
What are the factors that influen...,
Blank 2
2
cards
4.3.3 a) Strategies influencing growth and development - market-oriented strategies
What are the market oriented stra...,
Explain trade liberalisation as a...,
Blank 3
3
cards
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