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Elliot Jones
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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...
29
cards
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Economics
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