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a level economics year 1 ✅

This class was created by Brainscape user Mia Discenza. Visit their profile to learn more about the creator.

By: Mia Discenza
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Decks in this class (16)

MICRO - 1. the economic problem ✅
Define positive economics,
Define normative economics,
How can data help in economics
13  cards
MICRO - 2. demand and supply ✅
What is demand and individual demand,
What is derived demand,
What is involved within the law o...
14  cards
MICRO - 3. price system ✅
What is price equilibrium,
What can cause equilibrium price ...,
What is excess demand and supply
13  cards
MICRO - 4. elasticity ✅
What is price elasticity of demand,
How can you tell level of elastic...,
Factors affecting ped
19  cards
MICRO - 5. market mechanism ✅
What are complements,
What are substitutes,
What is involved in derived demand
10  cards
MICRO - 6. market failure ✅
What are the types of market fail...,
What is an externality,
Benefits of economic activity
21  cards
MICRO - 7. government intervention ✅
What are the forms of government ...,
How can market failure be approached,
Pro free market economy views vs ...
52  cards
MACRO - 1. introduction ✅
What are the four main objectives...,
What is inflation,
How is inflation measured
19  cards
MACRO - 2. economic growth ✅
What is economic growth and how i...,
What is involved with output gaps,
How do factors of production infl...
25  cards
MACRO - 3. inflation and deflation ✅
What is the difference between in...,
What is the difference between hy...,
What is reflation
20  cards
MACRO - 4. unemployment ✅
What is the difference between un...,
What is long term unemployment an...,
What statistics are important wit...
25  cards
MACRO - 5. globalisation ✅
What is globalisation,
Causes of globalisation,
Consumer impacts of globalisation
7  cards
MACRO - 6. ad/as ✅
What is aggregate demand,
What are shocks to aggregate demand,
What is ad curve and what does it...
35  cards
MICRO - 8. distribution of income ✅
Difference between income and wealth,
How does distribution of income a...,
What creates differences in the d...
41  cards
MICRO - 9. behavioural theory ✅
What is bounded rationality,
What is the administrative man,
What are the assumptions of this ...
27  cards
MACRO - 8. development economics ✅
Difference between growth and dev...,
How can growth increase development,
How is human capital a measure of...
24  cards

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a level economics year 1 ✅

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