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IBDP Economics Vocab

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

By: hugo 🏐
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Decks in this class (17)

Unit 1.1: Introduction To Economics
Factors of production 1,
Basic economic problem line 2,
Opportunity cost 3
6  cards
Unit 2.1: Demand
Demand 1,
Law of demand 2,
Non price determinants of demand 3
8  cards
Unit 2.2: Supply
Supply 1,
Law of supply 2,
Non price determinants of supply 3
5  cards
Unit 2.3: Competitive Market Equilibrium
Market equilibrium 1,
Reallocation of resources 2,
Roles of price mechanism 3
13  cards
Unit 2.5, 2.6: Elasticity Of Demand
Price elasticity of demand ped 1,
Price elasticity of demand formula 2,
Price elastic demand 3
23  cards
Unit 2.7: Government Intervention
Price ceilings 1,
Consequences of price ceilings fo...,
Direct taxes 3
19  cards
Unit 2.7: Government intervention Diagrams
Using an supply and demand diagra...,
Using an supply and demand diagra...,
Using an supply and demand diagra...
5  cards
Unit 2.8: Market Failure
Market failure 1,
Externalities 2,
Positive externalities 3
21  cards
Unit 2.8: Market Failure Diagrams
Using an externalities diagram ex...,
Using an externalities diagram ex...,
Using an externalities diagram ex...
15  cards
2.8 Real life examples [15]
Market failure 1,
Externalities 2,
Positive externalities of consump...
17  cards
3.1 Measuring Economic Activity
National income 1,
The output method 2,
The income method 3
12  cards
3.2 Aggregate Demand and Aggregate Supply
Aggregate demand 1,
Aggregate supply 2,
Inflationary gap 3
6  cards
3.3: Macroeconomic Objectives
Unemployment 1,
Economic growth 2,
Labour force 3
13  cards
3.4: Economics of Inequality and Poverty
0  cards
3.5: Monetary Policy
Demand side policies 1,
Monetary policy 2,
Central bank 3
8  cards
3.6: Fiscal Policy
Fiscal policy 1,
Expenditures 2,
Transfer payments 3
5  cards
3.7: Supply-Side Policy
Supply side policies 1
1  cards

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IBDP Economics Vocab

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