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

Decks in this class (35)

Unit 3: Legal Structures
What is meant by a sole trader,
What are the advantages of being ...,
What are the disadvantages of bei...
19  cards
Unit 3: Business Objectives
What is meant by behavioural econ...,
Why don t firms choose profit max...,
What is sales maximisation
7  cards
Unit 3: Monopoly
What is a monopoly,
What are the assumptions characte...,
What does a monopoly look like in...
15  cards
Unit 3: Monopolistic Competition
What are the similarities between...,
What are the differences between ...,
What is product differentiation
9  cards
Unit 3: Oligopoly
What is an oligopoly,
What are the characteristics of a...,
What are some examples of oligopo...
33  cards
Unit 3: Monopsony
What is a pure monopsony,
What is meant by monopsony power,
What is an assumption about monop...
6  cards
Unit 3: Government Intervention (U)
0  cards
Unit 4: Specialisation and Trade
What is comparative advantage,
What is absolute advantage,
What are the assumptions made in ...
9  cards
Unit 4: World Trade Organisation
0  cards
Unit 4: Single Currency
What is meant by convergence crit...,
What is the convergence criteria,
What are the microeconomic reason...
4  cards
Unit 4: Balance of Payments
What is meant by balance of payments,
What does the bop structure the l...,
What does the current account con...
16  cards
Unit 4: Exchange Rate
What is the exchange rate,
What is meant by the nominal exch...,
What is meant by the effective ex...
20  cards
Unit 4: Government Policies
0  cards
Unit 4: Inequality
What is income and what is wealth,
Why do people receive different i...,
Why is wealth more unevenly distr...
13  cards
Unit 4: Poverty
What is meant by relative poverty,
What is meant by absolute poverty,
What is the absolute poverty line
16  cards
Unit 4: Measuring Development
What are the measurements of econ...,
How does gdp gdp per capita show ...,
Why is gdp not the best measure o...
18  cards
Unit 4: Limits to Development
0  cards
Unit 4: Economic Development & Growth
What is economic development and ...,
What are the factors of economic ...,
How is economic development and e...
6  cards
Unit 4: Restrictions on Free Trade
What are the reasons in favour of...,
What is the infant and geriatric ...,
What is meant by retaliation
20  cards
Unit 4: Globalisation
Define globalisation,
What are the 7 causes of gloabali...,
How does globalisation impact con...
9  cards
Unit 4: Patterns & Terms of Trade
What is meant by terms of trade,
How do you calculate the terms of...,
What factors influence terms of t...
6  cards
Unit 2: Great Depression
0  cards
Unit 2: Global Financial Crisis
0  cards
Learning: Systematic Desensitisation
When was systematic desensitisati...,
Who developed systematic desensit...,
What are the 4 stages of systemat...
8  cards
Unit 3: Perfect Competition
What is the level of competition ...,
What are the types of goods which...,
Are they price takers or price ma...
13  cards
Unit 3: Labour Markets
What is derived demand,
Who supplies demands for labour,
What factors affect demand for la...
13  cards
Clinical: 4D's of Diagnosis
What are the 4 ds of diagnosis,
What is meant by deviance when di...,
What is meant by dysfunction when...
8  cards
Cognitive: Experimental Key Terms
What is an independent variable,
What is a dependent variable,
What is meant by operationalisation
17  cards
Learning: Human Research
0  cards
Learning: Phobias
0  cards
Social: Self Reported Data
0  cards
Unit 1: Market Mechanism
0  cards
Unit 1: Health
0  cards
Biological: Individual Differences
0  cards
Unit 1: Road Congestion
0  cards

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