- decks
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Decks in this class (18)
Chapter 1.1 – Economics As a way of thinking
Positive economic statements 1,
Normative economic statements 2,
Single market 3
6
cards
Chapter 1.2 – Economic Concepts of Scarcity and Choice
Economics 1,
Opportunity cost 2,
Incentive 3
7
cards
Chapter 1.3 – Economic, Social and Environmental Sustainability
Sustainable development 1,
Environmental sustainability 2,
Economic sustainability 3
6
cards
Chapter 2.1 – The Market Economy
Individual demand 1,
Market demand 2,
Derived demand 3
26
cards
Chapter 2.2– The Consumer
Utility 1,
Rational consumer 2,
Consumer sentiment 2
13
cards
Chapter 2.3 - The Firm (Costs, Economies of Scale, Revenue)
Implicit costs 1,
Explicit costs 2,
Private costs 3
15
cards
Chapter 2.4 – Government Intervention in the Market
Demerit good 1,
Externality 2,
Carbon tax 3
5
cards
Chapter 3.1 – Market Structures
Market 1,
Normal profit 2,
Supernormal profit 3
21
cards
Chapter 3.2 – The Labour Market
Land 1,
Economic rent 2,
Supply price of a fop 3
23
cards
Chapter 3.3 – Market Failure
Market failure 1,
Externalities 2,
Public good 3
4
cards
Chapter 11 – National Income
National income 1,
Recession 2,
The circular flow of income 3
23
cards
Chapter 12 – Fiscal Policy and the Budget Framework
Direct taxes 1,
Indirect taxes 2,
Equity 3
27
cards
Chapter 13 – Employment and Unemployment
Full employment 1,
Underemployment 2,
The live register 3
7
cards
Chapter 14 – Monetary Policy and the Price Level
Inflation 1,
Deflation 2,
Nominal wage 3
8
cards
Chapter 15 – The Financial Sector
Interest rate 1,
Reserve ratio 2
2
cards
Chapter 16 – Economic Growth and Development
Economic growth 1,
Economic development 2,
Official development assistance o...
3
cards
Chapter 17 – Globalisation
Globalisation 1,
Multinational corporation mnc 2
2
cards
Chapter 18 – International Trade and Competitiveness
International trade 1,
Visible exports 2,
Invisible exports 3
21
cards
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Economics
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