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Macro And Micro Economics A Level 1st Year Topics

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

By: Maryam Naj
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Decks in this class (7)

3.1.1 Economic methodology and the economic problem
Why is economics a social science,
What similarities do economists h...,
What differences do economists ha...
23  cards
3.1.2 Price determination in a competitive market
What are the factors that determi...,
Define demand,
What does a demand curve show
25  cards
3.1.5 The market mechanism, market failure and government intervention in markets
What is the price mechanism,
What does the price mechanism do,
What are the 3 functions of the p...
34  cards
3.2.1 The measurement of macroeconomic performance
What are the main objectives of g...,
What are the 2 main measurements ...,
What are some limitations of cpi ...
20  cards
3.2.2 How the macroeconomy works: the circular fow of income, aggregate demand/aggregate supply analysis, and related concepts
What data is used to measure the ...,
Define boom recession slump and d...,
How is the change in gdp measured
34  cards
3.2.3 Economic performance
What are the 4 main objectives of...,
What are some other objectives th...,
What is the difference between sr...
24  cards
3.2.4 Macroeconomic policy
What is the monetary policy,
What is the 2 types of monetary p...,
What is the aim of monetary policy
10  cards

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Macro And Micro Economics A Level 1st Year Topics

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