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

Decks in this class (22)

1.1: Nature of Economics
What is the key assumption made b...,
What are positive statements 2,
What are normative statements 3
30  cards
1.2 How Markets Work
What is demand in economic terms 1,
What are the factors that can shi...,
What is derived demand 3
60  cards
1.3 Market Failure
What is market failure 1,
What are the types of market fail...,
Define externality 3
21  cards
1.4 Government Intervention
What is the purpose of government...,
What are indirect taxes 2,
What is an example of an ad valor...
20  cards
3.1 Business Growth
What determines the size of firms...,
What are economies of scale 2,
What is diseconomies of scale 3
20  cards
3.2 Business Objectives
What is profit maximisation 1,
What happens to profits when mr mc 2,
What happens to profits when mc mr 3
9  cards
3.3 Revenues, Costs and Profits
What is the formula for total rev...,
What does marginal revenue repres...,
How is average revenue calculated 3
13  cards
3.4 Market Structures
What is allocative efficiency 1,
What is productive efficiency 2,
What is static efficiency 3
97  cards
3.5 Labour Markets
Blank 1,
What is the labour market 2,
What does derived demand mean in ...
29  cards
3.6 Government Intervention
What is the main competition regu...,
What are the key aims of competit...,
What happens if a merger is deeme...
33  cards
Microeconomic Cast Studies
What percentage of global e comme...,
What is the projected percentage ...,
What is amazon s share of the us ...
32  cards
2.1 Measures of Economic Performance
What occurs when there is a rise ...,
What is real gdp 2,
What does nominal gdp represent 3
40  cards
2.2 Aggregate Demand
Blank 1,
What is aggregate demand ad 2,
What are the components of aggreg...
19  cards
2.3 Aggregate Supply
What does the aggregate supply as...,
Why is the short run aggregate su...,
What leads to movements along the...
22  cards
2.4 National Income
What does national income equal 1,
What are the factors of productio...,
What is the circular flow of inco...
21  cards
2.5 Economic Growth
What is economic growth 1,
What factors cause economic growt...,
What is the difference between ac...
19  cards
2.6 Macroeconomic Objectives and Policies
Blank 1,
What are the four main macroecono...,
What is the long run trend of eco...
49  cards
4.1 International Economics
What is globalisation 1,
List the key characteristics of g...,
What has resulted from the spread...
80  cards
4.2 Poverty and Inequality
What is absolute poverty 1,
What is relative poverty 2,
What is one cause of changes in a...
20  cards
4.3 Emerging and Developing Economies
What are the three dimensions of ...,
What does the education component...,
What life expectancy range is use...
42  cards
4.4 The Financial Sector
What are financial markets 1,
What is the role of financial mar...,
How do financial markets facilita...
18  cards
4.5 Role of the State in the Macroeconomy
What is the difference between cu...,
What are transfer payments 2,
What factors influence the changi...
39  cards

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Economics 2.0

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