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Grant Akuoko
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Decks in this class (25)
Microeconomics
Scarcity,
Finite resources,
Needs
125
cards
Microeconomics PT2
When does the income elasticity c...,
When is a good inferior,
When is a good normal
101
cards
Microeconomics PT3
Where is the tax per unit,
Subsidy,
How does a subsidy work
53
cards
Macroeconomics
What is the circular flow of income,
List the injections in an economy,
List the leakages in an economy
81
cards
Macroeconomics key terms
Nominal value,
Value of an economic variable tak...,
Index number
68
cards
New macroeconomics key terms
Nominal value,
Real value,
Index number
197
cards
Financial Markets/crash
Main purpose of banks and other f...,
What do banks do to make money av...,
Everyday forms of borrowing for i...
66
cards
Exam questions
Why might incentives not be effec...,
Why might incentives be effective...,
What is the rationing function
60
cards
Economics - 1.3.1 - Business Objectives
What is profit maximisation,
What is the definition of normal ...,
What are the assumptions of profi...
18
cards
Economics- 1.3.2a- Costs
What is sales revenue and profit,
What is variable and fixed cost,
What is the sales volume formula ...
9
cards
Economics- 1.3.2b - Returns to a factor
What is production,
What is the definition of short a...,
What is the definition of total a...
6
cards
Economics - 1.1.2 - The allocation of resources
What are incentives,
What are the advantages of incent...,
What are the disadvantages of inc...
27
cards
Economics - 1.2.6b - Income Elasticity of Demand
What is the formula for yed,
What is the formula for change in...,
What is the significance of yed
12
cards
Economics - 1.2.6a - Price Elasticity of Demand
What is the formula for ped,
What is the formula for change in...,
What are the steps in answering a...
14
cards
Economics - 1.2.6c - Cross Elasticity of Demand (XED)
What is the formula for cross ela...,
What is the formula for change in...,
What are substitutes
12
cards
Economics - 2.1.1 - Circular Flow Of Income
What is gdp,
What are the 3 ways to calculate gdp,
What is national income
15
cards
Microeconomics - Government Intervention
Why would an underconsumption of ...,
How will meeting basic needs caus...,
How can an overconsumption of dem...
64
cards
Quick Exam
Short run economic growth draw di...,
Long run economic growth draw dia...,
Causes of short run economic growth
34
cards
labour markets
Relationship between wage rate an...,
Elasticity of labour demand,
Factors affecting labour demand
32
cards
Context
Vertical intergration,
Horizontal integration,
Conglomerate integration
131
cards
Econplusdal Theme 1
Basic economic problem,
Factors of production,
Choices in allocation of resource...
120
cards
ECONPLUSDAL THEME 3
Short run,
Law of diminishing returns,
Long run
139
cards
ECONPLUSDAL THEME 2
Macroeconomic objectives,
Firms households,
Households firms
113
cards
THEME 4
Globalisation,
Impacts of globalisation on consu...,
Impacts of globalisation on produ...
143
cards
Equations
Total product,
Average product,
Marginal product
35
cards
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OCR economics
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