Theme 1- Economics

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

Decks in this class (15)

PPF
What is a production possibility ...,
What are the assumptions of a ppf 2,
How to calculate opportunity cost...
8  cards
Specilisation And The Division Of Labour
What is the meaning of division o...,
What is adam smith s take on the ...,
What are the advantages of specia...
8  cards
Free Market Economy
What is a free market economy 1,
What are the characteristics of f...,
What is adam smith s take on free...
6  cards
Command Economy
What is a command economy 1,
What are the main characteristics...,
What is karl marx view of a comma...
5  cards
Mixed Economy
What is a mixed economy 1,
What are the characteristics of a...,
What is the role of the state in ...
3  cards
Demand
What is demand 1,
What is the substitution effect 2,
What is the income effect 3
4  cards
Diminishing Marginial Utility And Its Influence On The Demand Curve
What is total utility 1,
What is marginal utility 2,
What is the law of diminishing ma...
3  cards
Price Elasticity Of Demand
What is price elasticity of demand 1,
How to measure price elasticity o...,
How do you draw an inelastic dema...
15  cards
Cross Elasticity Of Demand
What is cross elasticity of demand 1,
How do you measure cross elastici...,
What does the positive sign mean ...
6  cards
Income Elasticity Of Demand
What is income elasticity of dema...,
How do you calculate yed 2,
What does it mean if the yed resu...
10  cards
Supply
What is the meaning of supply 1,
How does price affect supply 2,
What are factors that cause shift...
3  cards
Price Elasticity Of Supply
What is price elasticity of supply 1,
How do you calculate pes 2,
What value does price elasticity ...
10  cards
Consumer And Producer Surplus
What is consumer surplus 1,
What is producer surplus 2,
What are the factors affecting a ...
4  cards
Indirect Taxes and Subsidies
What are indirect taxes and the t...,
What is an ad valorem tax 2,
What is a specific tax flat rate ...
14  cards
Types Of Market Failure
What is the meaning of market fai...,
What are the types of market fail...,
What are the reasons for market f...
5  cards

More about
Theme 1- Economics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Julianna Godson's Theme 1- Economics flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Make Flashcards