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Dany Malik
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Decks in this class (22)
1.1.1: Economics As A Social Science
What are the aims of economics 1,
What are some difficulties of eco...,
What is ceteris paribus 3
5
cards
1.1.2: Positive & Normative Statements
What is a positive statement 1,
What is a normative statement 2,
What are some key words for norma...
4
cards
1.1.3: The Economic Problem
What are non renewable resources 1,
What are renewable resources 2,
What is opportunity cost 3
17
cards
1.1.4: Production Possibility Frontiers
What are ppfs 1,
What is the maximum potential in ...,
How does opportunity cost link wi...
16
cards
1.1.5: Specialisation And The Division Of Labour
What is specialisation 1,
What is the division of labour 2,
What did adam smith believe in 3
14
cards
1.1.6: Types Of Economies
What is a free market economy 1,
What are the features of a free m...,
What are market mechanisms 3
14
cards
1.2.1: Rational Decision Making
What is economic welfare 1,
What is utility 2,
What is homo economicus 3
14
cards
1.2.2: Demand
What is demand 1,
What causes a movement along the ...,
What is the relationship between ...
14
cards
1.2.3: Price, Income & Cross Elasticities Of Demand
What is the shorthand of price el...,
What is the shorthand of income e...,
What is the shorthand of cross el...
33
cards
1.2.4: Supply
What is supply 1,
What causes a movement along the ...,
What is the relationship between ...
7
cards
1.2.5: Elasticities Of Supply
What is the shorthand of price el...,
What are price elasticities of su...,
What is the formulae of price ela...
12
cards
1.2.6: Price Determination
What is equilibrium price also kn...,
What is equilibrium price 2,
In what situation would the equil...
9
cards
1.2.7: Price Mechanism
In a _______ ______ _______ the p...,
What is price mechanism 2,
What are the three functions of t...
9
cards
1.2.8: Consumer And Producer Surplus
What is consumer surplus 1,
What is producer surplus 2,
Consumer surplus producer surplus 3
10
cards
1.2.9: Indirect Taxes & Subsidies
What is indirect tax 1,
What is ad valorem tax vat 2,
What is specific unit tax 3
19
cards
1.2.10: Alternate Views Of Consumer Behaviour
We assume that consumers act ____...,
What are three ways that make con...,
What is computation 3
6
cards
1.3.1: Types Of Market Failure
What is market failure 1,
What are the three types of marke...,
What is partial market failure 3
4
cards
1.3.2: Externalities
What is an externality 1,
What is a private cost benefit 2,
What is a social cost benefit 3
13
cards
1.3.3: Public Goods
What are public goods 1,
What is non rivalry 2,
What is non excludability 3
11
cards
1.3.4: Information Gaps
What is symmetric information 1,
What is symmetric information als...,
What is asymmetric information 3
12
cards
1.4.1: Government Intervention In Markets
What are the three methods graphi...,
How does the government intervene...,
How does the government intervene...
28
cards
1.4.2: Government Failure
What is government failure 1,
What are four types of government...,
What is distortion of price signa...
10
cards
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Economics A-Level Theme 1: Introduction To Markets & Market Failure (Edexcel)
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