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Decks in this class (22)
Exam question structures
What is the acronym to use for pa...,
How to make points and evaluate q...,
What to link to when talking abou...
9
cards
Theme 1: How do markets work
What do consumers and firms aim t...,
Consumer utility 2,
What are the two ways of making a...
38
cards
Theme 1: Nature of economics
Positive statements 1,
Normative statements 2,
Basic economic problem 3
33
cards
Theme 1: Government intervention
Why do governments intervene 1,
What are the two types of indirec...,
What are the ways in which the go...
18
cards
Theme 1: Market failure
What are 3 types of market failur...,
Private benefit 2,
Social benefit 3
23
cards
Theme 2: Measures of economic performance
Economic growth 1,
What is gdp 2,
Real gdp 3
46
cards
Theme 2: Aggregate demand
What is the equation for aggregat...,
What is c in the equation for agg...,
What is i in the equation for agg...
24
cards
Theme 2: Aggregate supply
What is the difference between lo...,
What shape is the classical lras ...,
What are the axis for lr diagrams 3
13
cards
Theme 2: National income
What do households supply firms w...,
What does national income equal 2,
What are the 3 examples of withdr...
18
cards
Theme 2: Economic growth
Economic growth 1,
What are 6 factors that cause eco...,
When does a country have a compar...
19
cards
Theme 2: Macroeconomic objectives and policies
The 4 main macroeconomic objectiv...,
What is the uk s long run trend o...,
What is the aim for rate of unemp...
46
cards
Theme 3: Business growth
Why do some firms decide to stay ...,
Why do firms decide to grow 2,
Principle agent theory 3
26
cards
Theme 3: Business objectives
Profit maximisation 1,
When does profit increase 2,
When does profit decease 3
9
cards
Topic 3: Revenues, costs and profits
How do you calculate total revenue 1,
Marginal revenue 2,
Where on a diagram is marginal re...
30
cards
Theme 3: Market structures
Allocative efficiency 1,
Productive efficiency definition ...,
Dynamic efficiency 3
42
cards
Theme 3: Labour markets
What are the factors that effect ...,
Factors that effect the supply of...,
Geographical immobility 3
23
cards
Theme 3: Government intervention
How do governments control monopo...,
What is privatisation and what do...,
What is deregulation and what doe...
32
cards
Theme 4: International economics
Characteristics of globalisation 1,
What factors have contributed to ...,
What are 2 strengths of globalisa...
85
cards
Theme 4: Emerging and developing economies
What is the human development ind...,
What are the 3 components to the ...,
Advantages of using the hdi to co...
46
cards
Theme 4: Poverty and inequality
Absolute poverty 1,
How is absolute poverty measured 2,
Relative poverty 3
14
cards
Theme 4: Financial markets
What finance is provided by finan...,
Types of financial markets 2,
What are the different purposes o...
21
cards
Theme 4: Role of the state in the macroeconomy
What is the total amount that the...,
3 types of public expenditure 2,
What of gdp in 2018 19 was planne...
46
cards
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Economics
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