This class was created by Brainscape user Dhruvi Chotai. Visit their profile to learn more about the creator.

Decks in this class (10)

Unit 1.1 - Nature of Economics
Define ceteris paribus 1,
What is positive statements from ...,
What is the economic problem of s...
26  cards
Unit 1.2 - How Markets work
Why is there still demand even th...,
What is demand and what affects d...,
What is elastic and inelastic dem...
10  cards
Unit 1.3 - Market Failure
What is market failure with examp...,
What are externalities and draw a...,
What is a merit and demerit good 3
7  cards
Unit 1.4 - Government Intervention
What is indirect taxes 1,
What does government indirect tax...,
Draw incidence of tax for elastic...
10  cards
Unit 2.1 - Measure of Economics Peformance
What is economic growth with anal...,
What is gdp what is real gdp what...,
Advantage of using gdp to measure...
21  cards
Unit 2.2 - Aggregate Demand
What s is aggregate demand 1,
Chains of analysis for ad 2,
What is the income effect 3
8  cards
Unit 2.3 - Aggregate Supply
What is aggregate supply 1,
Whats the difference between lras...,
What factors affect sras and expa...
7  cards
Unit 2.4 - National Income
What is the circular flow of money 1,
What national output national exp...,
Define wealth and income 3
11  cards
Unit 2.5 - Economic Growth
What is economic growth and what ...,
What causes a change in economic ...,
What is actual and potential grow...
10  cards
Unit 2.6 - Macroeconomic Objectives and Policies
What are some macroeconomic objec...,
What is monetary policy 2,
How does a rise in interest lower...
11  cards

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Economics

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