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Economics

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

By: Julia Odina
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Decks in this class (19)

Society
Frictional unemployment,
Seasonal unemployment,
Structural unemployment
110  cards
Economic Systems
Characteristics of planned economy,
Characteristics of market economy,
Traditional economy characteristics
52  cards
Basics
Monopoly,
Duopoly,
Oligopoly
22  cards
Efficiency
Deadweight loss,
Consumer surplus,
Types of government intervention
15  cards
Elasticity
What must the midpoint value be t...,
What must the midpoint value be t...,
What must the midpoint value be t...
24  cards
Market Failure
Restrictive trade practice,
What are the 4 types of market fa...,
Characteristics of a competitive ...
39  cards
Markets
Factor market,
Product market,
Who sets prices in market economies
7  cards
Macroeconomics
Macroeconomics,
Households,
Firms
49  cards
Business Cycle
Stages of business cycle,
Boom,
Recession
19  cards
Economic growth
What s the ideal inflation rate,
What are some benefits of economi...,
What causes demand pull inflation
24  cards
Trade/BoP
How many jobs in australia are ex...,
What is the australian economy ra...,
What does australia specialise in
62  cards
Income Distribution
Wealth,
What is the ideal angle of the lo...,
How is the gini coefficient measured
3  cards
Taxation
Where is tax sourced from,
Purpose of tax,
Impact
31  cards
Globalisation
Globalisation,
What caused globalisation to rise,
Wto
29  cards
Protection
Protection,
Goal of protection,
Who doesn t benefit from protection
6  cards
Specialisation
What will a nation specialise in,
What is done with surplus from do...,
Why is self sufficiency not widel...
12  cards
Exchange Rates
Exchange rate,
Why do we have exchange rates,
Twi
30  cards
Terms Of Trade
How is tot measured,
How does tot worsen,
When was the largest sustained bo...
8  cards
Foreign Investment
Fia,
Aia,
Why does australia rely on net in...
45  cards

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Economics

  • Class purpose General learning

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