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Economics

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

By: Thomas Jia
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Decks in this class (14)

Micro - The basic economic problem
What is the basic economic problem,
What is opportunity cost,
Name describe and give examples f...
23  cards
Micro - What are competitive markets
Define competitive market,
Describe the causes of monopoly p...,
Describe the benefits of a compet...
33  cards
Micro - How do firms operate in competitive markets
What are some business objectives 6,
What is total revenue and how to ...,
What is average revenue and how t...
43  cards
Macro - What are the economic objectives of a government
What are the 4 main objectives of...,
What is economic growth,
What is gdp 2
35  cards
Macro - How does the UK government raise and spend its money
Describe direct taxes,
Describe indirect taxes,
What are the main areas of uk gov...
28  cards
Macro - Which policies can the UK government use
What is fiscal policy,
How can a government achieve a ba...,
How can a government achieve a bu...
18  cards
Globalisation - Why do countries trade
What is globalisation,
Describe some causes of globalisa...,
What are multinational companies ...
22  cards
Globalisation - Why is the UK in the European Union
Identify 5 member countries of th...,
What is the aim of the eu 2,
What are the advantages of a sing...
6  cards
Globalisation - How is the UK's international trade recorded
What are the components of the cu...,
Calculate the balance of trade in...,
Explain what is meant by a curren...
5  cards
Globalisation - How important is the value of currency
What is exchange rate,
What can influence exchange rates...,
Describe the economic effects of ...
5  cards
Globalisation - How does a country become more competitive
Describe some factors which influ...,
How can a government increase com...,
What are the benefits of globalis...
4  cards
Globalisation - Why do some less developed countries struggle to achieve growth and benefit from international trade
What is absolute poverty,
What is relative poverty,
Discuss and evaluate the impact o...
4  cards
Globalisation - What measures may be used to support growth for less developed countries?
What are some ways of promoting e...
1  cards
Globalisation - Stimulus analysis
Analyse page 2 highlighted points,
Analyse page 3 what does recessio...,
Analyse page 4
9  cards

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Economics

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