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Ioanna Stylianou
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Decks in this class (20)
Module 1 - Economic Concepts
Scarcity,
Consumption,
Production
30
cards
Module 2 - Demand And Supply
Law of demand,
Income effect,
Substitution effect
38
cards
Module 3 - Elasticity And Uncertainty
Price elasticity of demand ped,
Elastic inelastic,
Unit elasticity
21
cards
Module 4 - Consumer Demand And Uncertainty
Total utility,
Marginal utility,
Principle of diminishing marginal...
25
cards
Module 5 - Production And Costs
Explicit costs,
Implicit costs,
Historic costs
49
cards
Module 6 - Revenue And Profit
Total revenue tr,
Average revenue ar,
Marginal revenue
11
cards
Module 7 - Perfect Competition And Monopoly
Perfect competition,
Monopolistic competition,
Oligopoly
29
cards
Module 8 - Imperfect competition
Independence of firms in a market,
Product differentiation,
Assumptions under monopolistic co...
49
cards
Module 9 - Products, marketing and advertising
Non price competition,
Vertical product differentiation,
Horizontal product differentiation
11
cards
Module 10 - Growth strategy
Describe the possible constraints...,
Explain the relationships between...,
Internal funds
37
cards
Module 11 - Pricing strategies
Outline the factors that influenc...,
Limit pricing,
Average cost or mark up pricing
19
cards
Module 12 - Government intervention in markets
Social efficiency,
Equity,
Explain why the social optimum oc...
34
cards
Module 13 - Government and the firm
Describe why the use of market po...,
Describe possible benefits of mar...,
Describe the three areas of compe...
14
cards
Module 14 - Supply - side policy
Supply side policies,
Discuss the aims of supply side p...,
Describe the ways in which produc...
11
cards
Module 15 - International trade
Outline what is meant by the term...,
Outline the four main drivers for...,
Discuss the benefits and costs of...
24
cards
Module 16 - The balance of payments and exchange rates
Balance of payments account,
Current account of the balance of...,
Trade in goods account
32
cards
Module 17 - The macroeconomic environment
State the six main macroeconomic ...,
Give examples of macroeconomic po...,
Explain how financial well being ...
72
cards
Module 18 - Money and interest rates
Describe the functions of money,
Monetary financial institutions,
Retail banking
69
cards
Module 19 - Business activity, unemployment and inflation
Full employment level of gdp,
Recessionary or deflationary gap,
Inflationary gap
42
cards
Module 20 - Demand-side macroeconomic policy
Fiscal policy,
Budget deficit budget surplus and...,
Current and capital expenditure
43
cards
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Economics for Business
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