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Joey Pang
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Decks in this class (42)
theme 2
What is the circular flow of income,
What are the three withdrawals fr...,
What is the effect of withdrawals
93
cards
Theme 1
What is a ppf,
What does resource depletion mean,
What is potential growth
52
cards
globalisation
What is the definition of globali...,
What are the causes of globalisation,
What are the pros of globalisation
17
cards
specialisation and trade + pattern of trade
What is the definition of compara...,
What is the definition of absolut...,
How do you calculate opportunity ...
23
cards
trading blocs + free trade
What is the impact of growth of t...,
When does trade creation occur,
When does trade diversion occur
50
cards
terms of trade
How is the terms of trade calculated,
What is featured in the terms of ...,
What is the terms of trade
17
cards
restrictions on free trade/ protectionism
What is protectionism,
What are different types of prote...,
What are the arguments for protec...
29
cards
balance of payments
What is the balance of payments,
What does the current account con...,
What does income measure as part ...
48
cards
exchange rates
What is a fixed exchange rate,
What is needed for a fixed exchan...,
What does the govt need to do if ...
57
cards
international competitiveness
What is the definition of interna...,
Why is international competitiven...,
What are the factors that affect ...
24
cards
absolute and relative poverty
What is one of the biggest critic...,
Name the two types of poverty,
What is absolute poverty
14
cards
inequality and measures of development
What is income,
What is wealth,
What are assets
43
cards
factors influencing growth and development
Recall the factors affecting grow...,
What is primary product dependency,
What are the issues with primary ...
25
cards
strategies influencing growth and development
What are market orientated strate...,
Recall the market orientated stra...,
How does trade liberalisation inf...
45
cards
role of financial markets
What is exchanged in a financial ...,
Recall the roles of financial mar...,
How do financial markets facilita...
20
cards
market failure in the financial sector
What is an example of market fail...,
How does asymmetric information c...,
What are pecuniary externalities
13
cards
role of central banks
What does the central bank do,
How does the central bank impleme...,
How does the central bank act as ...
20
cards
pubic expenditure
What is current govt expenditure,
What is capital govt expenditure,
What are transfer payments
22
cards
taxation
Recall the different types of taxes,
What is a proportional tax,
What is a progressive tax
15
cards
public sector finances
What are automatic stabilisers,
Give examples of automatic stabil...,
How are benefits used as a stabil...
48
cards
macroeconomic policies in a global context
What are direct controls,
What can the govt do to reduce fi...,
How can the govt use austerity to...
42
cards
sizes and types of firms, business growth
Why may a firm want to grow,
Why may a firm want to stay small,
What is public sector
28
cards
demergers and business objectives
What is a demerger,
What are the reasons for a demerger,
What is the impact of a demerger ...
27
cards
revenue
What is revenue,
How do you calculate tr,
How do you calculate ar
15
cards
costs
What are factors in the short run,
What are factors in the long run,
Why are all factor variable in th...
28
cards
economies and diseconomies of scale
What is the nature of economies o...,
Draw the economies of scale diagram,
What is the minimum efficient sca...
20
cards
profits
What does economic profit take in...,
How do you calculate profit,
What does it mean if profit is 0
23
cards
efficiency
What is allocative efficiency,
What does it mean if demand equal...,
What is productive efficiency
9
cards
perfect competition, monopolistic competition
What is perfect competition,
What are the characteristics of a...,
Draw a diagram to show perfect co...
33
cards
Oligopolies
What are the characteristics of o...,
What is market share,
How do you calculate firm concent...
50
cards
Monopoly
What are the characteristics of a...,
What does the cma deem a working ...,
What is a dominant firm
65
cards
monopsony
What is a monopsony,
What are the characteristics of a...,
Draw a diagram for a monopsony
15
cards
contestability
What is contestability based on,
What are the characteristics of c...,
How does the absence of entry exi...
19
cards
supply + demand for labour
What is the supply of labour dete...,
What is the demand of labour dete...,
What does it mean when labour is ...
53
cards
wage determination in competitive and non competitive markets
How are wages determined in a hig...,
Draw a wage diagram,
What happens when the demand for ...
82
cards
government intervention
What is the role of the cma,
How are mergers assessed in the uk,
When will a merger be approved
44
cards
the impact of govt intervention
Recall what government interventi...,
How may govt intervention affect ...,
How may govt intervention affect ...
14
cards
saturday- first hour of AS revision
What is a positive statement,
What is a normative statement,
What is the basic economic problem
58
cards
saturday- second hour of AS revision
What are the 4 functions of money,
How can money act as a medium of ...,
How can money act as a unit of ac...
50
cards
saturday- third hour of AS revision
What is excess supply,
What is excess demand,
Draw excess supply and demand on ...
57
cards
the distribution of income
What is wealth,
What is income,
What is meant by the distributon ...
55
cards
labour market issues and imperfections (which impact wage determinaton)
What are the labour market failures,
What policies can be used to tack...,
What policies cant he government ...
59
cards
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[OBSELETE] S - Econ
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