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Decks in this class (25)
Chapter 1: The basic economic problem
What is the basic economic problem,
What does a society have to decid...,
What are the four factors of prod...
57
cards
Aggregate Demand And Supply
What is aggregate demand,
What is the formula for ad,
What does aggregate mean
181
cards
Chapter 3: Elasticity
When is a product price inelastic,
What would be the result of an in...,
What does price elasticity of dem...
79
cards
Chapter 4: Taxes And Subsidies
What is an indirect tax,
What are the two types of indirec...,
How is tax represented on a deman...
23
cards
Chapter 2: The determination of prices
What is the law of demand,
What is effective demand and does...,
What are determinants of demand
47
cards
Chapter 1: Introduction to macroeconomics
What relationships does macroecon...,
What does the circular flow of in...,
Where will household income go
21
cards
Economic Growth and GDP
Why does the government take the ...,
What three calculations does the ...,
What does the expenditure method ...
44
cards
Measures of economic performance
What is the formula for a price i...,
What is the formula for inflation,
Which products in the uk economy ...
227
cards
Chapter 5: Market failure and negative externalities
What is market failure,
When is market failure said to exist,
What is the price mechanism
60
cards
Chapter 6: Positive externalities
When do positive externalities exist,
Give an example of when a private...,
Give some examples of goods that ...
39
cards
Chapter 7: Public goods
Why can a market system fail,
What goods does the market system...,
What are private goods
16
cards
Chapter 8: Information failure
What needs to happen if markets a...,
What is known as symmetric inform...,
What do consumers need informatio...
16
cards
Chapter 9: Factor immobility
What should the market system ens...,
What should the market do in term...,
What assumptions does perfect fac...
39
cards
Chapter 10: Unstable commodity markets
What happens to prices on commodi...,
Give some examples of commodity m...,
Why are commodity markets conside...
45
cards
Inflation
What are the effects of inflation...,
What is demand pull inflation,
What is cost push inflation
47
cards
The Balance of Payments
What causes a ca deficit in terms...,
What causes a ca deficit in terms...,
What causes a ca deficit in terms...
22
cards
Unemployment
What is real wage unemployment,
What causes real wage unemployment,
What problems face the unemployed
29
cards
Conflicts between macroeconomic objectives
What is the conflict between pric...,
What is stagflation,
What was the nice decade and why ...
18
cards
Fiscal Policy
What are injections into the circ...,
What is the multiplier effect,
What does the mpc represent
30
cards
Monetary policy
What does the mpc consider,
What is monetary policy,
Who sets the interest rates in th...
25
cards
Supply-side policies
What are supply side policies,
What does a rightwards shift in t...,
What is the problem with fiscal p...
30
cards
Unit 4: Chapter 1 - Why trade?
What is free trade,
What is an example of a barrier t...,
What is a benefit of free trade i...
76
cards
Unit 4: Chapter 2 - Growing Economic Integration
What is the primary purpose of th...,
What does the wto promote,
What is the wto responsible for
74
cards
Unit 4: Chapter 3 - Exchange rates and the balance of payments
What do exchange rates express,
What is the interaction between d...,
What is the effect of a fall in t...
102
cards
Unit 3: Chapter 1 - The birth and growth of firms
What are ways in which you can me...,
What are the stages of a product,
What is horizontal integration
66
cards
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zEconomics
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