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econ topics 1 & 2

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

By: Sofia Lister
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Decks in this class (11)

1.1 nature of economics key words
Meaning of ceteris paribus what i...,
Three main economic agents 2,
What are social sciences 3
36  cards
1.2 how markets work
Rational decision making 1,
Ped equation 2,
Ped 1 3
21  cards
1.3 market failure key words
What is market failure 1,
Define complete market failure 2,
Define partial market failure 3
14  cards
1.4 government intervention
What is an ad valorem tax 1,
Top 3 moves of govt intervention 2,
How can indirect taxation reduce ...
12  cards
2.1 measuring economic performance
Define inflation 1,
Define recession 2,
Define macroeconomics 3
22  cards
2.2 aggregate demand
What is the shape of your bogstan...,
Define aggregate demand 2,
4 components of aggregate demand 3
12  cards
2.3 aggregate supply
Whats the direction of a sras dia...,
What is a rise in price level on ...,
What is a fall in price level on ...
14  cards
2.4 national income
Define the circular flow of income 1,
Define income 2,
Define wealth 3
14  cards
2.5 economic growth
Short run cause for economic grow...,
Short run cause for increase in s...,
Long run reason for economic grow...
20  cards
2.6 macroeconomic policies & objectives
Name macroeconomic objectives els...,
Key benefits of economic growth a...,
Key benefits of unemployment as a...
22  cards
wo
Quantitative easing 1,
Contractionary monetary policy 2,
Price level 3
10  cards

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econ topics 1 & 2

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