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Jonny AB
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Decks in this class (24)
Theme 1: How do Markets Work
When making economic decisions co...,
Consumer utility,
Limitations of rational decision ...
39
cards
Theme 1: Nature of Economics
Positive statement,
Normative statements,
Basic economic problem
32
cards
Theme 1: Government Intervention
Why do governments intervene,
Two types of indirect tax,
Ways in which the government corr...
17
cards
Theme 1: Market Failure
3 types of market failures,
Private benefit,
Social benefit
23
cards
Theme 2: Measures of Economic performance
Economic growth,
Real gdp,
Nominal gdp
53
cards
Theme 2: Aggregate Demand
What is the equation for aggregat...,
C in the equation for aggregate d...,
I in the equation for aggregate d...
27
cards
Theme 2: Aggregate Supply
Difference between long run and s...,
What shape is the classical lras ...,
What are the axis for lr diagrams
13
cards
Theme 2: National Income
What do households supply firms with,
National income equals,
What are the 3 examples of withdr...
18
cards
Theme 2: Economic Growth
Economic growth,
6 factors that cause economic growth,
When does a country have a compar...
20
cards
Theme 2: Macroeconomic Objectives and Policies
The 4 main macroeconomic objectives,
What is the uk s long run trend o...,
What is the aim for rate of unemp...
46
cards
Theme 3: Business Growth
Why do some firms decide to stay ...,
Why do firms decide to grow,
Principle agent theory
26
cards
Theme 3: Business Objectives
Profit maximisation,
When does profit increase,
When does profit decease
9
cards
Topic 3: Revenues, Costs and Profits
How do you calculate types of rev...,
Marginal revenue,
Where on a diagram is marginal re...
26
cards
Theme 3: Market Structures
Allocative efficiency,
Productive efficiency,
Dynamic efficiency
40
cards
Theme 3: Labour markets
Factors that effect the demand fo...,
Factors that effect the supply of...,
Geographical immobility
24
cards
Theme 3: Government Intervention
How do governments prevent monopo...,
How does the government intervene...,
How does competitive tendering fo...
14
cards
Theme 4: International Economics
Characteristics of globalisation,
What factors have contributed to ...,
What are 2 strengths of globalisa...
84
cards
Theme 4: Emerging and Developing Economies
What is the human development index,
Wh,
Advantages of using the hdi to co...
47
cards
Theme 4: Poverty and Inequality
Ab,
How is absolute poverty measured,
Relative poverty
14
cards
Theme 4: Financial Markets
What,
Types of financial markets,
What are the different purposes o...
21
cards
Theme 4: The role of the state in the macro-economy
What is the total amount that the...,
3 types of public expenditure,
What of gdp in 2018 19 was planne...
47
cards
Theme 3: Business Growth COPY
Why do some firms tend to remain ...,
What are the 6 types of internal ...,
What do internal economies of sca...
4
cards
Microeconomic key terms
Ad valorem tax,
Asymmetric information,
Capital
79
cards
Macroeconomic key terms
Actual growth,
Aggregate demand ad,
Aggregate supply as the total amo...
94
cards
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Economics Edexcel A A level
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