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Decks in this class (9)
Study field of economics
What is economics 1,
What is scarcity 2,
Resources are classified in three...
23
cards
Economists' tool kit
Economics as a social science 1,
Scientific method 2,
Models in economics 3
8
cards
Economic systems
Main economic systems 1,
Three main types of economic syst...,
Traditional system 3
9
cards
Production possibilities curve
Assumptions of ppc 1,
A production possibilities table 2,
Drawing a production possibilitie...
11
cards
Circular flow model
Three major flows 1,
Production flow 2,
Income flow 3
13
cards
Demand, supply and prices
Economist s definition of demand 1,
Willing to purchase 2,
Main aspects of economist s defin...
38
cards
Consumer and producer surplus
Consumer surplus 1,
Total consumer surplus 2,
A change in price and consumer su...
6
cards
Government intervention
Price ceiling 1,
Price floor 2,
Purpose of a price ceiling 3
9
cards
Price elasticity of demand
Description of price elasticity o...,
Empirical economics 2,
Price elasticity coefficient 3
4
cards
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ECS1501
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Looking for something else?
ECS1501 - Economics 1
- 4 decks
- 19 flashcards
- 3 learners
Decks:
Ch 01 The Study Field Of Economics, Ch 02 The Economists Tool Kit, Ch 03 Economic Systems, And more!
ECS1501 - The study field of economics
- 3 decks
- 27 flashcards
- 2 learners
Decks:
Topic 1 11 The Economic Problem Of Scarc, 14 The Three Fundamental Questions, 15 Factors Of Production Natural Resourc, And more!
