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economics as level

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

By: Terry Hughes
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Decks in this class (5)

Theme 1: Nature Of Economics
What is a social science,
What is an economic model,
Why do economists use models
35  cards
Theme 1: Demand and Supply
What is utility,
What do consumers seek to maximise,
What do firms seek to maximise
33  cards
Theme 1: Elasticities
What is the definition of price e...,
Give the formula for ped,
What is meant by price elastic de...
56  cards
Theme 1: Market Failure
What is the definition of market ...,
Name 3 types of market failure,
What is an external benefit
15  cards
Theme 1: Government Intervention and Failure
Does a minimum price create a sho...,
Explain 2 disadvantages of inform...,
Explain 2 disadvantages of regula...
6  cards

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economics as level

  • Class purpose General learning

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