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Economics A Level (Edexcel)

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

By: Sam Clear
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Decks in this class (27)

Theme 1 - Introduction to Markets and Market Failure
Ceteris paribus 1,
Positive statement 2,
Normative statement 3
124  cards
1.1 - Nature of Economics
Ceteris paribus 1,
Positive statement 2,
Normative statement 3
30  cards
1.2 - How Markets Work
Rational decision making 1,
Demand 2,
Conditions of demand 3
55  cards
1.3 - Market Failure
Types of market failure 1,
Externality 2,
Public goods 3
19  cards
1.4 - Government Intervention
Advantages of using indirect taxa...,
Disadvantages of using indirect t...,
Advantages of using subsidies to ...
20  cards
Theme 2 - The UK Economy, Performance and Policies
Economic growth 1,
Gross domestic product 2,
Total gross domestic product 3
187  cards
2.1 - Measures of Economic Performance
Economic growth 1,
Gross domestic product 2,
Total gross domestic product 3
52  cards
2.2 - Aggregate Demand
Aggregate demand 1,
Formula for aggregate demand 2,
Components of aggregate demand 3
35  cards
2.3 - Aggregate Supply
Aggregate supply 1,
Short run 2,
Long run 3
15  cards
2.4 - National Income
Circular flow of income 1,
Households in the circular flow o...,
Firms in the circular flow of inc...
14  cards
2.5 - Economic Growth
Economic growth 1,
Causes of economic growth 2,
Land as a cause of economic growth 3
29  cards
2.6 - Macroeconomic Objectives and Policies
Possible macroeconomic objectives 1,
Demand side policies 2,
Expansionary policy 3
42  cards
Theme 3 - Business Behaviour and the Labour Market
0  cards
3.1 - Business Growth
Reasons some firms choose to grow 1,
Reasons some firms choose to stay...,
Principal agent problem 3
33  cards
3.2 - Business Objectives
Profit maximisation 1,
Revenue maximisation 2,
Sales maximisation 3
8  cards
3.3 - Revenues, Costs and Profits
0  cards
3.4 - Market Structures
0  cards
3.5 - Labour Markets
0  cards
3.6 - Government Intervention
0  cards
Theme 4 - A Global Perspective
Blank 1,
Globalisation 2,
Factors contributing to globalisa...
73  cards
4.1 - International Economics
Globalisation 1,
Factors contributing to globalisa...,
How improvements in transport inf...
60  cards
4.2 - Poverty and Inequality
Absolute poverty 1,
Relative poverty 2,
Poverty trap 3
12  cards
4.3 - Emerging and Developing Economies
0  cards
4.4 - The Financial Sector
0  cards
4.5 - Role of the State in the Macroeconomy
0  cards
Microeconomics
0  cards
Macroeconomics
0  cards

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Economics A Level (Edexcel)

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