This class was created by Brainscape user Michelle FOSTER. Visit their profile to learn more about the creator.
By:
Michelle FOSTER
- decks
- flashcards
- learners
Decks in this class (33)
Theme 1: Nature of Economics
Define ceteris paribus 1,
Explain the difference between a ...,
Define opportunity cost 3
22
cards
Theme 1: How markets work
0
cards
Theme 1: Market Failure
0
cards
Theme 1: Government Intervention
0
cards
Theme 2: Measures of Economic Performance
List the macroeconomic objectives 1,
Explain the main 4 macroeconomic ...,
Explain economic growth and how i...
26
cards
Theme 3.1: Business Growth
Why might firms choose to stay sm...,
Why might some firms grow 2,
Explain the principal agent probl...
28
cards
Theme 3.2: Business Objectives
What is the most common assumptio...,
List all potential business objec...,
Describe profit maximisation 3
20
cards
Theme 3.3: Costs and Revenue
Total fixed costs tfc 1,
Average fixed costs afc 2,
Variable costs 3
35
cards
Theme 3.4: Market Structures
What are the four key characteris...,
Give the four assumptions and imp...,
Give three examples of monopolist...
83
cards
Theme 3.5: Labour Market
What is demand for labour 1,
List the four main factors influe...,
How does labour productivity infl...
46
cards
Theme 3.6: Government Intervention
What are the variants for price r...,
Give the arguments in favour of p...,
Give the arguments against price ...
41
cards
Microeconomics Section A
With reference to the information...,
Which economic thinker supported ...,
Which of the following would be m...
38
cards
Macroeconomics Section A
Which one of the following is the...,
Explain one likely reason for the...,
Explain one likely cost of uk rea...
61
cards
Theme 1 Section A
Given two examples or an extract ...,
Explain one advantage of the divi...,
One disadvantage a sandwich makin...
3
cards
2021 Section A
Define a fiscal deficit 1,
Using the classical long run aggr...,
Explain the likely impact on aggr...
5
cards
Theme 3 Section B Questions
Examine 2 reasons for a firm to s...,
Evaluate 2 reasons for a horizont...,
Evaluate 2 reasons for a vertical...
7
cards
Geoff Tricky Microeconomics
Reasons why firms choose to profi...,
Possible effects of profit satisf...,
What are the key aims of price co...
3
cards
Geoff Evaluation
What are the 8 evaluation techniq...,
What does challenging assumptions...,
What does consider multiple persp...
9
cards
SECTION A MICRO
What does a country operating ins...,
Why is the pes of houses more ine...,
Why has there been a fall in the ...
24
cards
SECTION A MACRO
Explain the likely effect of a fa...,
Explain one possible reason for t...,
Explain one likely reason for the...
5
cards
Section B Macro
Assess the causes of globalisation 1,
Discuss the impact of globalisati...,
Assess the possible problems of a...
10
cards
4.3. Measures of development
Define potential growth 1,
Define actual growth 2,
Define economic development 3
8
cards
4.3. Factors influencing Growth and Development
What are the 12 factors which inf...,
What is primary product dependency 2,
How does primary product dependen...
49
cards
4.3. Strategies influencing growth and development
What are examples of trade barrie...,
Decribe trade liberalisation 2,
How does trade liberalisation aff...
75
cards
Globalisation
Define globalisation 1,
What are the characteristics of g...,
What are the causes of globalisat...
22
cards
Absolute and comparative advantages
Define comparative advantage 1,
Define absolute advantage 2,
What are the assumptions of the t...
11
cards
Benefits / costs of trade
List the benefits of trade 1,
List the costs of trade 2,
Explain comparative advantage as ...
9
cards
Pattern of trade
Difference between pattern of tra...,
What factors affect the global pa...,
Explain how trade agreements affe...
7
cards
Terms of Trade
Define terms of trade 1,
Give the calculation for terms of...,
What do terms of trade tell us 3
13
cards
Rwanda babyy
Poor rwanda 1,
Average rwanda growth 2010 20 2,
Rwanda inflation rate 2025 and ta...
8
cards
How's the UK doing
Uk annual growth 2024 1,
Uk q3 q4 growth 2,
Uk annual growth forecast 2025 3
25
cards
Last minute theme 2
What are the limitations of the c...,
Explain rpi as an alternative mea...,
Define purchasing power parities 3
8
cards
Financial Sector
What are the roles of financial m...,
What are the different types of m...,
Define market rigging 3
22
cards
More about
Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Michelle FOSTER'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 (Tina)
- 27 decks
- 726 flashcards
- 9 learners
Decks:
Production Possibility Curves And Opport, Demand Supply And Equilibrium, Government Intervention Micro, And more!
Economics
- 25 decks
- 1413 flashcards
- 1706 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
