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By:
Adrian Lee
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Decks in this class (23)
Chapter 1: The Nature of the Economic Problem
Resources 1,
The economic problem 2,
Scarcity 3
4
cards
Chapter 2: Factors of Production
Factors of production 1,
Land 2,
Labour 3
31
cards
Chapter 3: Opportunity Cost
Opportunity cost 1,
Opportunity cost and consumers 2,
Opportunity cost and workers 3
6
cards
Chapter 4: Production Possibility Curves
A production possibility curve 1,
Production points 2,
Movements along a ppc 3
6
cards
Chapter 5: Microeconomics and Macroeconomics
Microeconomics 1,
Macroeconomics 2,
Decision makers 3
6
cards
Chapter 6: The Role of Markets in Allocating Resources
The three key allocation decisions 1,
Different economic systems 2,
Different economic systems planne...
10
cards
Chapter 7: Demand
Demand and price 1,
Individual demand 2,
Market demand 3
12
cards
Chapter 8: Supply
Supply 1,
Market supply 2,
Individual supply 3
16
cards
Chapter 9: Price Determination
Equilibrium price 1,
Excess supply 2,
Disequilibrium 3
4
cards
Chapter 10: Price changes
Chapter 10 1
1
cards
Chapter 11: Price Elasticity of Demand
Price elasticity of demand 1,
Interpretation of ped 2,
Determinants of ped 3
10
cards
Chapter 12: Price Elasticity of Supply
Price elasticity of supply 1,
Interpreting values of pes 2,
Determinants of pes 3
5
cards
Chapter 13: Market Economic System
Private sector 1,
Public sector 2,
State owned enterprises 3
11
cards
Chapter 14: Market Failure
Market failure 1,
Third parties 2,
Social benefits 3
18
cards
Chapter 15: Mixed Economy
Mixed economic system 1,
Benefits of government interventi...,
Types of government intervention ...
7
cards
Chapter 16: Money and Banking
Money 1,
Functions of money 2,
Characteristics of money 3
8
cards
Chapter 17: Households
Wealth 1,
Disposable income 2,
Rate of interest 3
12
cards
Chapter 18: Workers
Factors that influence an individ...,
Wage factors 2,
Wage salary 3
28
cards
Chapter 19: Trade Unions
Types of trade unions 1,
Types of trade unions craft unions 2,
Types of trade unions general uni...
12
cards
Chapter 20: Firms
Primary sector 1,
Secondary sector 2,
Tertiary sector 3
35
cards
Chapter 21: Firms and production
Demand for factors of production 1,
Factors influencing demand for ca...,
Demand for land 3
7
cards
Chapter 22: Firms, costs, revenue and objectives
Total cost 1,
Average total cost 2,
Fixed costs 3
14
cards
Chapter 24: The Role of Government
Local government 1,
Government role as producer 2,
Government and private firms 3
3
cards
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Economics
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