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Economics Edexcel A Level

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

By: Sophie McCusker
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Decks in this class (10)

1.1 Nature of Economics
What is a model why are models used,
Why can we not construct scientif...,
What does ceteris paribus mean wh...
52  cards
1.2 How Markets Work
What are the underlying assumptio...,
Define demand,
What is the difference between in...
72  cards
1.3 Market Failure
Define market failure,
Define an externality,
How can externalities lead to mar...
45  cards
1.4 Government Intervention
How can the government correct ma...,
How can the government correct ma...,
How can the government correct ma...
34  cards
2.1 Measures of Economic Performance
Define nominal value,
Define real value,
How do you calculate a price inde...
80  cards
2.2 Aggregate Demand
Define aggregate demand,
What are the components of ad,
What is the calculation of ad
41  cards
2.3 Aggregate Supply
Define aggregate supply,
Why is there a difference between...,
What are the common ways of firms...
24  cards
2.4 National Income
What are the two main economic ag...,
Describe what the circular flow o...,
Draw a simple circular flow model
27  cards
2.5 Economic Growth
What is potential economic growth,
What is actual economic growth,
How can actual and potential grow...
57  cards
2.6 Macroeconomic Objectives and Policies
Define fiscal policy,
What is an example of expansionar...,
What reinforces the effects of ex...
39  cards

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Economics Edexcel A Level

  • Class purpose General learning

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