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Edexcel Economics A-level

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

By: Tom Ward
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Decks in this class (10)

1.1 Nature of Economics
1.1.1 Economics as a social science, 1.1.2 Positive and normative economic statements, 1.1.3 The economic problem, 1.1.4 Production possibility frontiers, 1.1.5 Specialisation and the division of labour, 1.1.6 Free market economies, mixed economy and command economy
33  cards
1.2 How Markets Work
What is homo economicus 1,
What does a rational consumer do 2,
What does a rational producer do 3
103  cards
1.3 Market Failure
What is marginal cost 1,
What is marginal benefit 2,
What are private costs 3
42  cards
1.4 Government Intervention
What is government failure 1,
What is the consequence of govern...,
What are the causes of government...
6  cards
2.1 Measures of Economic Performance
2.1.1 Economic Growth, 2.1.2 Inflation, 2.1.3 Employment and unemployment, 2.1.4 Balance of payments
85  cards
2.2 Aggregate Demand
What is the definition of ad 1,
Equation for ad 2,
What does it mean if ad increases 3
34  cards
2.3 Aggregate Supply
Why is the as curve upward sloping 1,
What causes a move along the as c...,
What is short run aggregate suppl...
11  cards
2.4 National Income
What is the circular flow of inco...,
What is the definition of nationa...,
What do injections do in an econo...
18  cards
2.5 Economic Growth
2.5.1 Causes of growth, 2.5.2 Output gaps, 2.5.3 Trade (business) cycle, 2.5.4 The impact of economic growth
27  cards
2.6 Macroeconomic Objectives & Policies
2.6.1 Possible macroeconomic objectives, 2.6.2 Demand-side policies, 2.6.3 Supply-side policies, 2.6.4 Conflicts and tradeoffs between objectives and policies
72  cards

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Edexcel Economics A-level

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