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Decks in this class (12)
introduction : basics
What is economics 1,
What are resources 2,
What do we call this kind of situ...
31
cards
The PPF, the simple circular flow model and economic systems
What is accounting costs 1,
What is example of accounting cos...,
What is opportunity cost 3
43
cards
Supply and demand (part 1)
What is quantity demanded qd 1,
What is demand d 2,
What will p be used as an abbrevi...
20
cards
supply and demand (part 2)
What are the 5 assumptions in sup...,
What does supply and demand look ...,
What is surplus where would this ...
20
cards
unemployment, inflation and interest rates
What is unemployment 1,
What does it mean to actively loo...,
What is the labour force who is p...
43
cards
personal finance
Blank 1
1
cards
the gross domestic product
What is the gross domestic produc...,
What do economists use gdp for 2,
The gdp is expressed in monetary ...
34
cards
real GDP, economic fluctuations and the budget balance
Real gdp can give us some indicat...,
What does the real gdp per capita...,
What are a few limitations of rea...
34
cards
Money and Banking
What is money 1,
What are the 3 functions of money 2,
What is medium of exchange 3
41
cards
aggregate supply and aggregate demand
What does the word aggregate mean 1,
What is the aggregate demand ad 2,
What does the term output refer to 3
38
cards
monetary and fiscal policy
What do we say when qp q about th...,
What happens when we have recessi...,
What do we say about the economy ...
34
cards
International trade
What is international trade 1,
What is an open economy 2,
Why is trading important 3
12
cards
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economics
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