A Level Economics Flashcards

Decks in this Class (39):

• 10 Economic Efficiency

  1.0. Economic Efficiency

  Sample Cards:

  economic efficiency static efficiency,

  features of economic efficiency,

  productive efficiency
  11 Cards
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• 11 Costs And Benefits

  1.1. Costs and Benefits

  Sample Cards:

  social costs,

  private costs,

  external costs
  18 Cards
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• 12 Cost Benefit Analysis

  1.2. Cost benefit analysis

  Sample Cards:

  cba,

  cba definition,

  social costs consist of
  12 Cards
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• 13 Market Failure And Externalities

  1.3. Market Failure and Externalities

  Sample Cards:

  market failure,

  reasons for market failure,

  geographical immobility
  15 Cards
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• 14 Government Intervention To Correct Ma

  1.4. Government intervention to correct market failure

  Sample Cards:

  methods of government intervention to co,

  indirect taxes,

  subsidies
  34 Cards
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• 20 Law Of Diminishing Marginal Utility

  2.0. Law of Diminishing Marginal Utility

  Sample Cards:

  law of diminishing marginal utility marg,

  how does human nature explain marginal u,

  law of diminishing marginal utility assu
  16 Cards
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• 21 Equi Marginal Principle

  2.1. Equi-marginal Principle

  Sample Cards:

  equimarginal principle,

  mu a p a,

  what happens when the equi marginal prin
  10 Cards
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• 22 Indifference Curves And Budget Lines

  2.2. Indifference Curves and Budget Lines

  Sample Cards:

  indifference curve,

  indifference,

  how indifference is shown on indifferenc
  19 Cards
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• 23 Indifference Curve Analysis

  2.3. Indifference Curve Analysis

  Sample Cards:

  consumer equilibrium,

  3 ways to find out consumer equilibrium,

  consumer equilibrium for dmu
  26 Cards
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• 24 Production And Costs In The Short Run

  2.4. Production and Costs in the Short Run

  Sample Cards:

  production definition,

  time periods short run,

  total product
  19 Cards
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• 25 Production And Costs In The Long Run

  2.5. Production and Costs in the Long Run

  Sample Cards:

  time period long run,

  time period very long run,

  deriving the long run average cost lrac
  23 Cards
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• 26 Revenue And Profit

  2.6. Revenue and Profit

  Sample Cards:

  total revenue tr,

  total revenue,

  average revenue ar
  20 Cards
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• 27 Market Structures

  2.7. Market Structures

  Sample Cards:

  types of market structures,

  market structures with imperfect competi,

  comparing market structures bbinnp
  11 Cards
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• 28 Perfect Competition Contestable Marke

  2.8. Perfect Competition + Contestable Markets

  Sample Cards:

  perfect competition assumptions,

  perfect competition revenue curves,

  long run equilibrium normal profits draw
  18 Cards
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• 29 Monopoly

  2.9. Monopoly

  Sample Cards:

  monopoly,

  monopolist,

  pure monopoly
  22 Cards
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• 210 Monopolistic Competition

  2.10. Monopolistic Competition

  Sample Cards:

  monopolistic competition assumptions,

  monopolistic outcomes,

  monopolistic competition examples
  8 Cards
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• 211 Oligopoly

  2.11. Oligopoly

  Sample Cards:

  oligopoly assumptions,

  non collusive oligpoly,

  significance of non price price competit
  3 Cards
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• 212 Growth And Survial Of Firms

  2.12. Growth and Survial of Firms

  Sample Cards:

  reasons for small firms,

  reasons for growth of firms,

  internal growth organic growth
  12 Cards
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• 213 Objectives Of Firms

  2.13. Objectives of Firms

  Sample Cards:

  profit maximisation,

  revenue maximisation,

  sales maximisation
  24 Cards
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• 31 Demand For Labour

  3.1. Demand for Labour

  Sample Cards:

  derived demand,

  demand for labour,

  total physical product
  18 Cards
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• 32 Supply Of Labour

  3.2. Supply of Labour

  Sample Cards:

  individual worker s supply of labour,

  individual worker s supply of labour ass,

  individual worker s supply of labour cur
  28 Cards
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• 33 Wage Determination In A Labour Market

  3.3. Wage Determination in a Labour Market and Perfect Imperfect Labour Market

  Sample Cards:

  labour market equilibrium curve draw,

  equilibrium in labour markets,

  why are there changes in market wages
  28 Cards
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• 34 Policies Towards Income And Wealth Re

  3.4. Policies towards income and wealth redistribution

  Sample Cards:

  what does equity mean,

  horizontal equity,

  vertical equity
  25 Cards
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• 40 Government Macro Policy Aims

  4.0. Government macro policy aims

  Sample Cards:

  the main government macroeconomic policy,

  guilt ex main government macroeconomic p,

  other government macroeconomic aims
  22 Cards
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• 41 Economic Growth Economic Development

  4.1. Economic growth, economic development and sustainability

  Sample Cards:

  economic growth,

  short term actual growth,

  long term growth
  30 Cards
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• 42 National Income Statistics

  4.2. National Income Statistics

  Sample Cards:

  national income definition,

  3 measures of national income,

  gross domestic product gdp definition
  31 Cards
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• 43 Indicators Of Living Standards

  4.3. Indicators of Living Standards

  Sample Cards:

  economic development meaning,

  monetary indicators,

  non monetary indicators
  24 Cards
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• 44 Characteristics Of Development

  4.4. Characteristics of development

  Sample Cards:

  economic development definition,

  developing economies,

  emerging economies brics
  16 Cards
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• 45 Development Policies

  4.5. Development Policies

  Sample Cards:

  development policies,

  bilateral aid,

  multilateral aid
  28 Cards
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• 46 Employment And Unemployment

  4.6. Employment and Unemployment

  Sample Cards:

  employment,

  unemployment,

  unemployment rate
  53 Cards
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• 47 Unemployment Policies

  4.7. Unemployment Policies

  Sample Cards:

  unemployment policies,

  reflationary expansionary fiscal policy,

  reflationary expansionary fiscal policy
  14 Cards
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• 48 The Phillips Curve

  4.8. The Phillips Curve

  Sample Cards:

  the phillips curve meaning,

  the phillips curve diagram draw diagram,

  the phillips curve background
  11 Cards
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• 49 Circular Flow Of Income

  4.9. Circular Flow of Income

  Sample Cards:

  circular flow of income models,

  circular flow of income simple model,

  circular flow of income two sector close
  16 Cards
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• 410 Aggregate Expenditure Ae

  4.10. Aggregate Expenditure (AE)

  Sample Cards:

  aggregate expenditure,

  aggregate expenditure formula,

  aggregate expenditure curve
  42 Cards
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• 411 Equilibrium National Income

  4.11. Equilibrium national income

  Sample Cards:

  equilibrium national income,

  3 approaches to equilibrium national inc,

  aggregate demand and aggregate supply
  9 Cards
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• 412 Money Supply Theory

  4.12. Money supply (theory)

  Sample Cards:

  the quantity theory of money shows what,

  the quantity theory of money equation,

  the quantity theory of money concept
  18 Cards
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• 413 Keynesian And Monetarist Schools

  4.13. Keynesian and Monetarist Schools

  Sample Cards:

  key proponent of the keynesian view,

  key proponent of the monetarist view,

  market equilibrium in keynesian and mone
  25 Cards
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• 414 Demand For Money Interest Rate Deter

  4.14. Demand for Money, Interest Rate Determination and Paradox of Thrift

  Sample Cards:

  liquidity preference theory definition,

  liquidity preference theory shows what,

  transactions motive
  24 Cards
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• 415 Policies Towards Developing Economie

  4.15. Policies towards Developing Economies; Policies of Trade and Aid

  Sample Cards:

  government macro policy aims,

  low inflation aim conflicts,

  balanced budget aim conflicts
  4 Cards
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