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

Decks in this class (17)

1.1
Uses of opportunity cost 3 1,
Causes of economic growth 3 2,
What things can cause a point to ...
34  cards
1.4
Government intervention is when t...,
What can governments use to chang...,
Main reasons for government inter...
60  cards
1.2.6 + 1.2.7 + 1.2.8
Equilibrium means 1,
Demand increases means what movem...,
Demand decreases means what movem...
29  cards
1.2.1 + 1.2.2
Rational consumers make their cho...,
Utility definition 2,
Bounded rationality 3
25  cards
2.3.3
What is the lras 1,
Main factors causing a shift in l...,
How are the maximum output level ...
25  cards
2.3.1 + 2.3.2
What is aggregate supply 1,
What happens to sras when gpl ris...,
What happens when gpl is falling 3
25  cards
2.2.3 + 2.2.4 + 2.2.5
What is investment 1,
What are capital goods 2,
Difference between gross and net ...
24  cards
2.2.1 + 2.2.2
Aggregate demand 1,
Aggregate demand curve shows a re...,
Lower gpl 3
26  cards
2.1.3 + 2.1.4
Labour force survey lfs 1,
What is the lfs 2,
To be classed as unemployment a p...
53  cards
2.1.1 + 2.1.2
What does gdp measure 1,
Output 2,
Value of output 3
62  cards
1.2.3 + 1.2.4 + 1.2.5
Price elasticity of demand ped me...,
Formula for calculating co effici...,
Ped 0 means 3
42  cards
1.2.9 + 1.2.10
What is an indirect tax 1,
How is tax shown on a diagram 2,
What does the impact of the tax o...
21  cards
1.3
The main role of the price mechan...,
Complete market failure happens w...,
Partial market failure happens wh...
70  cards
2.4
Intro to circular flow 1,
What do households do in the circ...,
What do governments do in the cir...
44  cards
2.5
What is economic growth 1,
What are the main drivers of long...,
Short run economic growth 3
68  cards
2.6
Key macro objectives 1,
3 broad categories of macroeconom...,
Budget fiscal deficit 3
96  cards
AS LEVEL EXAM TECHNIQUE
Section a 1,
Section b 2,
4 mark explain calculate 3
8  cards

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Econ

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