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hannah sb
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Decks in this class (20)
CEP Chain (Week 1)
What are the 4 factors of production,
What are the three outputs cep,
What are the two efficiencies
17
cards
PPC Theory (Week 1)
What is the shape of the graph in...,
What does decreasing return mean,
What is the line called on both p...
10
cards
Economic Methodology (Week 1)
What is scientific method based on,
What does watering down mean,
What is a positive statement
14
cards
Resources (Week 1)
What is a renewable source,
What can non renewable resources ...,
Why is clean air and water scarce...
9
cards
Production Possibility Frontier (Week 1)
What does the ppf curve show,
Given that resources and capacity...,
What is economic growth
10
cards
Micro And Macro (Week 1)
What is macro economics,
What is micro economics
2
cards
The Theory Of Demand (Week 2)
What is utility,
What is a consumer s objective in...,
What does the theory of demand ex...
22
cards
Non-price Determinants Of Demand (Week 2)
What is disposable income,
What will an increase in disposab...,
What happens to peoples disposabl...
20
cards
Key Words (Week 2)
Submarkets,
Normal good,
Inferior good
20
cards
Demand (Week 2)
Price down,
Price up,
What does a shift on a demand cur...
7
cards
Micro Economics (Week 2)
When is value judgement needed,
How can we find out the opportuni...,
What happens as economies develop
6
cards
NICs (Week 2)
What are the current nics,
What are the old nics
2
cards
Supply (Week 2)
What is the relationship between ...,
What happens if the product has a...,
When is there excess demand
12
cards
Unit 1 Definitions
Demand,
Supply,
Macroeconomics
52
cards
Consumer & Producer Surplus (Week 3)
What is consumer surplus,
What is producer surplus,
Where is the consumer surplus on ...
8
cards
Functions Of Price (Week 3)
What is the rationing allocating ...,
What is the signalling function o...,
Example of incentive function of ...
5
cards
Tax (Week 3)
Example of indirect tax,
Example of direct tax
2
cards
Price Elasticity of Supply (Week 4)
What does price elasticity of sup...,
How is price elasticity of supply...,
Is pes generally positive or nega...
7
cards
Price Elasticity Of Demand (Week 4)
How do you calculate ped,
What is it when the ped is valued...,
What is it when the ped is valued...
8
cards
Income Elasticity Of Demand (Week 4)
How is yed calculated,
What is yed
2
cards
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Economics
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