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Decks in this class (18)
The Economic Problem 1.1
Describe what is meant by the bas...,
What is a shortage 2,
Distinguish between economic good...
6
cards
Production Possibilites Diagram 1.2
0
cards
Demand and Supply 1.3
Explain the shape of a normal dem...,
What are some determinants of inc...,
What are exceptions to the law of...
9
cards
Markets 1.4
What is joint demand 1,
What is joint supply 2,
What is competitive demand 3
4
cards
Production 1.5
Describe 2 ways uk firms could im...
1
cards
Costs 1.6
Explain an average fixed cost afc...,
Explain an average variable cost ...,
Explain an average total cost atc...
13
cards
Market Structures 1.7
Describe the characteristics of p...,
Describe the characteristics of m...
2
cards
Market Intervention 1.8
0
cards
Goverment Finance 2.1
What is income tax 1,
What is national insurance contri...,
What is corporation tax 3
15
cards
Goverment Aims 2.2
What are the governments 4 main p...,
What are the goverments microecon...,
Inflation vs low unemployment 3
14
cards
Goverment Policies 2.3
Explain measures of fiscal policy 1,
Explain what expansionary monetar...,
Explain monetary tightening policy 3
12
cards
National Income 2.4
Describe what is meant by the mul...,
What is the formula for the multi...,
How do you calculate the effect o...
6
cards
Place of Scotland in the UK Economy 2.5
0
cards
Introduction to Global Trade 3.1
What is globalisation 1,
What is absolute advantage give a...,
What is comparative advantage giv...
11
cards
Multinations 3.2
What is a multinational company 1,
What are reasons to become a mult...,
Why locate in a particular country 3
8
cards
Exchange Rates 3.3
What is exchange rate 1,
Why does a currency have to be ex...,
Describe factors which increase t...
6
cards
Balance of Payments 3.4
Describe the components of the uk...
1
cards
Understanding the Impact of the Global Economy 3.5
Compare economic features of a de...,
Describe the role of the world ba...,
Describe the role of the internat...
3
cards
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H Economics
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