This class was created by Brainscape user Elliot Jones. Visit their profile to learn more about the creator.
By:
Elliot Jones
- decks
- flashcards
- learners
Decks in this class (16)
THEME 1 - Topic 1 - The Nature of Economics
Define a model 1,
Why is a model helpful 2,
Define ceteris paribus 3
45
cards
THEME 1 - Topic 2 - The Nature of Demand
What do consumers aim to do 1,
What do producers aim to do 2,
What does marginal cost equal 3
53
cards
THEME 1 - Topic 3 - The Nature of Supply
Define supply 1,
Define a firm 2,
Define the law of supply 3
16
cards
THEME 1 - Topic 4 - Price determination
Define market equilibrium 1,
Define comparative static analysis 2,
Define excess supply 3
8
cards
THEME 1 - Topic 5 - The Price Mechanism in Action
Define an indirect tax 1,
Define a specific tax 2,
Define an ad valorem tax 3
16
cards
THEME 1 - Topic 6 - Market Failure and Externalities
Define market failure 1,
Define productive efficiency 2,
Define allocative efficiency 3
28
cards
THEME 1 - Topic 7 - Public Goods And Information Failure
Define a private good 1,
Define excludable 2,
Define rivalrous 3
14
cards
THEME 1 -Topic 8 - Government Intervention And Government Failure
Define internalising an externali...,
State 4 ways in which the governm...,
What is meant by a green tax 3
21
cards
THEME 2 - Topic 1 - Measures Of Economic Growth
Define macroeconomics 1,
Name 4 macroeconomics indicators 2,
Name 3 sources of economic data 3
22
cards
THEME 2 - Topic 2 - Inflation, U/E + Balance Of Payments
Define inflation 1,
What method is inflation in the u...,
Define a cpi 3
71
cards
THEME 2 - Topic 3 - Aggregate Demand
Name the components of aggregate ...,
Define aggregate demand 2,
Define the aggregate demand curve 3
16
cards
THEME 2 - Topic 4 - Aggregate Supply
Define aggregate supply 1,
Define short run aggregate supply...,
Why does the sras curve slope upw...
13
cards
THEME 2 - Topic 5 - National Income + Macroeconomic Equilibrium
Define the circular flow of incom...,
Explain the 2nd paragraph closed ...,
Explain the 3rd paragraph of desc...
22
cards
THEME 2 - Topic 6 - Economic growth
Define actual economic growth 1,
Define potential economic growth 2,
What type of economic growth is o...
18
cards
THEME 2 - Topic 7 - Macroeconomic Policy Objectives
What are the 6 macroeconomic poli...,
What 2 characteristics should inf...,
What 2 characteristics should eco...
17
cards
THEME 2 - Topic 8 - Macroeconomic Policies
What is fiscal policy also known ...,
Define fiscal policy 2,
What are the 4 forms of governmen...
24
cards
More about
Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Elliot Jones'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
- 8 learners
Decks:
Production Possibility Curves And Opport, Demand Supply And Equilibrium, Government Intervention Micro, And more!
Economics
- 25 decks
- 1413 flashcards
- 1704 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
