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Economics a level

This class was created by Brainscape user Sholto Harris Stuart. Visit their profile to learn more about the creator.

By: Sholto Harris Stuart
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Decks in this class (23)

inflation and deflation
Inflation definition 1,
Deflation definition 2,
2 different causes of inflation 3
11  cards
market failure
Market failure definition 1,
What are the 3 main causes of mar...,
How externalities cause market fa...
5  cards
public goods, private goods, quasi goods
Public good definition 1,
Two characteristics of public goo...,
What is a non excludable good 3
11  cards
fiscal policy
Fiscal policy definition 1,
Aim of fiscal policy 2,
Expansionary fiscal policy defini...
11  cards
Labour Markets
Labour markets definition 1,
Factors effecting the demand for ...,
How do wage rates influence the d...
30  cards
Monopsony in the labour market
What is a monopsony in the labour...,
How do firms determine how many w...,
Diagram 3
3  cards
gov intervention in labour markets
How has the government intervened...,
Information about the minimum wag...,
Arguments for the national minimu...
4  cards
trade unions
What are trade unions 1,
Trade union control 2
2  cards
exchange rates
What is a floating exchange rate 1,
Floating exchange rate on a diagr...,
Advantages of floating exchange r...
12  cards
balance of payments
What is the balance of payments 1,
What are exports 2,
What are imports 3
27  cards
oligopoly
4 characteristics of an oligopoly 1,
What is concentration ratio 2,
What is collusive behaviour 3
11  cards
externalities
Definition of an externality 1,
Negative externalities 2,
Positive externalities 3
10  cards
price discrimination
What is price discrimination 1,
What is the elasticity of the dem...,
What is first degree price discri...
9  cards
trade
What is comparative advantage 1,
What is absolute advantage 2,
What is free trade 3
22  cards
deflation
Deflation definition 1,
When did uk experience deflation 2,
Deflation effect on spending 3
6  cards
gov int reduce poverty
What are 5 gov policies to reduce...,
How does income redistribution oc...,
How does national minimum wage re...
5  cards
public good an and ev
Public good 2 characteristics 1,
What does non excludable mean 2,
What does non rivalrous mean 3
9  cards
regulation to solve market failure
0  cards
free market
0  cards
Stats For Macro
Annual growth rate 1,
Annual growth forecast 2,
Output gap 3
37  cards
Globalisation
Definition of globalisation 1,
What does it create between count...,
Developing countries 3
16  cards
Comparative + Absolute Advantage
What is absolute advantage 1,
What is comparative advantage 2,
What is needed for trade to take ...
12  cards
Mcqs
How do you calculate real gdp 1,
How do you calculate real gdp cap...,
How do you rock out index number 3
10  cards

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Economics a level

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A Level Economics
  • 50 decks
  • 1987 flashcards
  • 1176 learners
Decks: Section 1 The Economic Problem, Section 2 Competitive Markets, Section 3 Business Economics, And more!
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