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A LEVEL ECONOMICS > The Circular Flow of Income > Flashcards

The Circular Flow of Income Flashcards

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A LEVEL ECONOMICS (51 decks)

SECTION 5- MARKET FAILURE

Merit and Demerit Goods

Imperfect Information

SECTION 6 - GOVERNMENT INTERVENTION

Privatisation, Regulation and Deregulation

Government Failure

Examples of Government failure

Section 8 - MEASURING ECONOMIC PERFORMANCE

Measuring Economic Growth

Measuring Inflation

Measuring Unemployment

Measuring the Balance of Payments

SECTION 9 - AGGREGATE DEMAND AND AGGREGATE SUPPLY

The Circular Flow of Income

The components of Aggregate Demand

Aggregate Demand Analysis

Aggregate Supply

Macroeconomics Equilibrium

Section 10- GOVERNMENT ECONOMIC POLICY OBJECTIVES

Economic growth

the Balance of Payments

Other Economic Policy Objectives

Conflicts Between Economic Objectives

Tackling Unemployment and Inflation

section 11- MACROECONOMIC POLICY INSTRUMENTS

Monetary policy

Supply- Side Policy

Section 1 - THE ECONOMIC PROBLEM

An introduction to Economics

The Economic Problem

Production Possibility fronteirs

Markets and Economies

Economic Objectives

Behavioural Economics

Section 3- BUSINESS ECONOMICS

Production and Productivity

The Costs of a Firm

Economies and Diseconomies of Scale

Long Run Average Cost

The Revenue of a Firm

The Objectives of Firms

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