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Laura Brady
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Decks in this class (23)
U1 AOS1 - Lesson 1 - Intro to Economics
What is economics 1,
Microeconomics 2,
Macroeconomics 3
12
cards
U1 AOS1 - Lesson 2 - Relative Scarcity
Basic economic problem relative s...,
Impact of relative scarcity 2,
Three factors of production 3
12
cards
U1 AOS1 - Lesson 3 - Opportunity Costs & PPF
Opportunity cost 1,
Cost benefit analysis 2,
Production possibility frontier 3
21
cards
U1 AOS 1 - Lesson 4 - Basic Economic Questions
The three basic economic questions 1,
True false one of the three basic...,
How is what and how much to produ...
8
cards
U1 AOS1 - Lesson 5 - Circular Flow Model
The three sectors of the circular...,
True false households only provid...,
The first flow between households...
14
cards
U1 AOS1 - Lesson 6 - Trade Offs
Trade off 1,
Production possibility frontier 2,
True false the production foregon...
9
cards
U1 AOS 1 - Lesson 7 - Consumer Behaviour ✓
The traditional view of the consu...,
A consumer aims to maximise their 2,
Paying your mortgage before buyin...
15
cards
U1 AOS1 - Lesson 8 - Internal Factors Influencing Consumer Behaviour
List of internal factors influenc...,
Define utility maximisation 2,
Define budget constraints 3
11
cards
U1 AOS1 - Lesson 9 - External Factors Influencing Consumer Behaviour
List external factors influencing...,
Positive incentives 2,
Negative incentives 3
6
cards
U1 AOS1 - Lesson 10 - Behavioural Economics
Bounded rationality 1,
Bounded willpower 2,
Bounded self interest 3
15
cards
U1 AOS1 - Lesson 11 - Traditional Viewpoint of Businesses
Traditional view of business 1,
Consumer sovereignty 2,
Comparative advantage 3
9
cards
U1 AOS1 - Lesson 12 - Corporate Social Responsibility
Corporate social responsibility 1
1
cards
U1 AOS1 - Lesson 13 - Impact of Technology on Consumer and Business Behaviour
0
cards
U1 AOS 1 - Revision 2
In australia resources are alloca...,
What does the production possibil...,
True or false points inside the p...
18
cards
U1 AOS1 Revision 3
What is economics 1,
True or false microeconomics focu...,
Fill in the blank the basic econo...
18
cards
U1 AOS 2 - Lesson 1 - What is a market?
What is a market in microeconomics 1,
True or false a market can only e...,
A __________ is an arrangement th...
24
cards
U1 AOS 2 - Lesson 2 - Law of Demand and Demand Curve
What does the law of demand state 1,
True or false the law of demand i...,
The law of demand is represented ...
29
cards
U1 AOS 2 - Lesson 3 - NPF Influencing Demand (Movement)
Which of the following will not c...,
What is meant by decrease in dema...,
Point of difference between subst...
12
cards
U1 AOS2 - Lesson 4 - NPF Influencing Demand (Shift)
Vcaa 2024 question 3 which of the...,
What is a shift in the demand cur...,
True or false a shift to the righ...
30
cards
U1 AOS2 - Lesson 5 - Law of Supply and Supply Curve
Supply 1,
Supply curve is represented by an...,
Law of supply 3
16
cards
U1 AOS2 - Lesson 6 - NPF Influencing Supply (Movement)
Vcaa 2023 sample question 4 an in...,
Vcaa 2022 question 2 a movement a...,
Vcaa 2023 question 4b construct a...
18
cards
U1 AOS2 - Lesson 7 - NPF Influencing Supply (Shift)
Non price factor change in cost o...,
Non price factor technology 2,
Vcaa 2023 sample question 3 which...
18
cards
U1 AOS2 - Lesson 8 - Market Equilibrium
Equilibrium price 1,
Equilibrium quantity 2,
Shortage 3
39
cards
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Unit 1/2 - Economics
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