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Hannah K
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Decks in this class (18)
Exam: Introduction to Economics
Define relative scarcity 1,
How does relative scarcity force ...,
What does it mean to make a trade...
41
cards
Exam: Demand
What is the law of demand 1,
Why does the law of demand happen 2,
What is the substitution effect 3
24
cards
Exam: Supply
What is the law of supply 1,
Why does law of supply occur 2,
What is profit motive 3
26
cards
Exam: Market Equilibrium
What is market equilibrium 1,
What does the market do at equili...,
Where does equilibrium occur on a...
27
cards
Exam: Market Efficiency
- Understanding Market Equilibrium
- Efficiency in Market Equilibrium
- Government Intervention
63
cards
Exam: Market Failure
What is market failure 1,
When does market failure occur 2,
What are the four main types of m...
83
cards
Exam: Elasticity
- Price Elasticity of Demand/Supply
- Applications & Importance
78
cards
Law & Demand
Week 3
18
cards
Demand & Supply
Week 3
27
cards
Price Elasticity of Demand
What is price elasticity 1,
What are the main types of elasti...,
Describe the law of demand 3
41
cards
Price Elasticity of Supply
Define price elasticity of supply 1,
What does pe of supply measure 2,
How do you calculate the pe of su...
23
cards
Market Failure Extended Answer - Intro
1 topic sentence 1,
2 elaborating sentence 2,
3 example 3
4
cards
Market Failure Extended Answer - BP1
1 topic sentence 1,
2 elaborating sentence exclude 2,
3 elaborating sentence rival 3
11
cards
Market Failure Extended Answer - BP2
1 topic sentence 1,
2 elaborating sentence 2,
3 explanation 3
7
cards
Market Failure Extended Answer - BP3
1 topic sentence 1,
2 elaborating sentence 2,
3 example 3
8
cards
Market Failure Extended Answer - BP4
1 topic sentence 1,
2 elaborating sentence 2,
3 example 3
7
cards
Market Failure Extended Answer - BP5
1 topic sentence 1,
2 example fhog 2,
3 explain fhog 3
7
cards
Market Failure Extended Answer - Conc
1 topic sentence 1,
2 re state thesis 2,
3 solution 3
4
cards
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Year 11 Economics ATAR
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