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

Decks in this class (22)

Micro 1
What s scarcity 1,
What s the basic economic problem 2,
What are basic economic questions 3
8  cards
Micro 4
What is labour productivity 1,
What is capital productivity 2,
What is land productivity 3
11  cards
Micro 5
What is a command economy 1,
Whats a mixed economy 2,
Whats a free market economy 3
32  cards
Micro 6
What is yed 1,
What is the formula for yed 2,
What is a normal good 3
16  cards
Micro 7
When does profit maximisation occ...,
When does productive efficiency o...,
When does allocative frequency oc...
17  cards
Types of costs Micro 7
What is total cost 1,
What is fixed costs 2,
What are variable costs 3
10  cards
Micro 8
How should i remember how a consu...,
What is a consumer surplus 2,
What is the producer surplus 3
8  cards
Micro 9
What is the long run 1,
What is the short run 2,
How can firms increase output 3
11  cards
Micro 10
What are all the price functions 1,
What does rationing do 2,
What does signaling do 2
15  cards
Micro 11
What is market failure 1,
What is complete market failure 1,
What is partial market failure 2
18  cards
Micro 12
What are the 4 types of tax 1,
What does direct tax mean 2,
What does indirect tax mean 3
8  cards
Micro 13
What are behavioural economics 1,
What is traditional neoclassical ...,
What are subsidy s 3
26  cards
Behavioural economics
What is bounded rationality 1,
What is bounded self control 2,
What is an example of bounded rat...
8  cards
Macro 1
What is gdp 1,
Why is gdp important 2,
What is unemployment rate 3
13  cards
Macro 2
What is national income 1,
What is nominal income 2,
What is real income 3
16  cards
Macro 3
What is aggregate 1,
What are capital goods 2,
What are consumer goods 3
21  cards
Macro 4
What is bop 1,
What is bop made up of 2,
What does bop record 3
12  cards
Macro 5
What does it mean to be in a stat...,
What does sras mean 2,
What doe lras mean 3
3  cards
Macro 6
What are demand side shocks 1,
What are possible causes of a dem...,
What is the result of a demand si...
15  cards
Macro 7
What is the target for steady eco...,
What is the aim for unemployment 2,
What is the target for inflation 3
6  cards
Macro 8
What does ilo stand for 1,
What are the 4 types of unemploym...,
What is frictional unemployment 3
11  cards
Macro 9
What is inflation 1,
What is deflation 2,
What is hyperinflation 3
11  cards

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Economics

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