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Economics

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

By: Tom Robjohns
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Decks in this class (24)

Micro: Market Failure
Market failure,
Complete market failure,
Partial market failure
11  cards
Macro: Growth
Economic growth,
How do we measure growth,
What is real gdp
20  cards
Micro: Market Failures
Market failures,
What is a market failure
2  cards
Macro: Trade
Exchange rate,
Determinants of the exchange rate,
What is a floating exchange rate
18  cards
Micro: Economic Basic tings
Positive statement,
Normative,
Basic economic problem
12  cards
Behavioural Economics
Bounded rationality,
Bounded self control,
Rules of thumb
12  cards
Labour Markets
Demand for labour,
Marginal productivity,
Determinants of labour demand
15  cards
Idk
Division of labour,
Advantages of division of labour,
Negatives of division of labour
9  cards
Innequality
Income and wealth,
Factors leading to an unequal dis...,
Factors leading to an unequal dis...
13  cards
Elasticity
Price elasticity of demand,
Income elasticity of demand yed,
Cross elasticity of demand xed
5  cards
Government Failure
Gov failure,
Regulatory capture,
Political self interest
12  cards
Production Costs And Revenue
Production,
Productivity,
Costs
12  cards
Market Structures
Perfect competition,
Monopolistic competition,
Oligopoly
6  cards
Protectionism
Protectionism,
Tariffs,
Quotas
6  cards
Economic Unions
Customs union,
Free trade area,
Single market
7  cards
Balance Of Payments
Bop,
The capital account,
The financial account
11  cards
Macro
Marginal propensity to consume,
Short run and long run growth,
Costs of economic growth
12  cards
Unemployment
Involuntary cyclical,
Involuntary frictional,
Involuntary structural
10  cards
Financial Markets
Functions of money,
Characteristics of money,
Types of money
22  cards
Fiscal
Direct and indirect taxation,
Why governments levy taxes,
Hypothecated tax
10  cards
Supply Side
Free market supply side policies,
Interventionist supply side policies,
Other supply side policies
7  cards
Banking
Commercial banks,
Investment banks,
Objectives of commercial banks
3  cards
Monetary Policy
Functions of a central bank,
Objectives of monetary policy,
Effect of interest rates on other...
5  cards
Macro Statistics
Growth in uk,
Unemployment,
Inflation rate
10  cards

More about
Economics

  • Class purpose General learning

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