This class was created by Brainscape user owen south. Visit their profile to learn more about the creator.
By:
owen south
- decks
- flashcards
- learners
Decks in this class (21)
1.1
Explain the difference between a ...,
Define the term opportunity cost 2,
List 4 factors of production 3
28
cards
2.1
Define economic growth and explai...,
Distinguish between nominal and r...,
What does per capita mean 3
40
cards
Economic thinkers
Explain adam smith view of self i...,
Explain karl marx s view of capit...,
Explain john maynard keynes view ...
5
cards
1.2
In economics what assumptions are...,
Explain how herd mentality may pr...,
Explain how habitual behaviour ma...
60
cards
2.2 2.3
What is the formula for aggregate...,
Explain how disposable income inf...,
Explain how rate of savings influ...
33
cards
1.3
Define market faliure 1,
Why would negative externalities ...,
Why would positive externalites b...
20
cards
2.4
Explain whats meant by the circul...,
Explain the difference between in...,
Define the multipier effect 3
20
cards
2.5
Define actual growth 1,
Explain the causes of actual grow...,
Define potential growth 3
15
cards
1.4
Define minimum price and explain ...,
Outline the details of minimum pr...,
Explain the problems that might b...
23
cards
2.6
Explain the role of demand side p...,
Define monetary policy 2,
Explain the tools involved in mon...
35
cards
4.3
Explain the three dimension of th...,
Explain the advantages and limita...,
Explain the two alternatives to h...
48
cards
3.1
Explain why some firms tent to re...,
Explain the meaning of the divorc...,
Explain the potential problems th...
27
cards
3.4
List the characteristics of perfe...,
List the characterisitcs of a mon...,
Similarities between monopolistic...
42
cards
4.1
5 characteristics of globalisation 1,
5 causes of globalisation 2,
Explain absolute and comparative ...
40
cards
3.3
Define total revenue 1,
Define average revenue 2,
Define marginal revenue 3
21
cards
3.5
Explain the factors which could i...,
Explain the factors affecting the...,
Explain the factors which could i...
22
cards
3.6
Explain the role of the cma 1,
Summarise details of 2 mergers cm...,
Explain the impact of merger prev...
27
cards
3.2
Profit maximisation 1,
Why might firms not profit maximi...,
Sales maximisation 3
12
cards
4.2
Explain the distinction between a...,
Absolute poverty causes 2,
Relative poverty causes 3
16
cards
4.5
Explain and give examples of the ...,
Microeconomic failure as a reason...,
Macroeconomic failure as a reason...
30
cards
4.4
5 roles of financial markets 1,
5 types if market failure that ca...,
What is market rigging and how ca...
11
cards
More about
Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study owen south's Economics flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics
- 25 decks
- 1413 flashcards
- 1698 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
Economics (Tina)
- 27 decks
- 726 flashcards
- 6 learners
Decks:
Production Possibility Curves And Opport, Demand Supply And Equilibrium, Government Intervention Micro, And more!
