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Ioanna Stylianou
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Decks in this class (20)
Module 1 - Economic Concepts
Scarcity 1,
Consumption 2,
Production 3
30
cards
Module 2 - Demand And Supply
Law of demand 1,
Income effect 2,
Substitution effect 3
38
cards
Module 3 - Elasticity And Uncertainty
Price elasticity of demand ped 1,
Elastic inelastic 2,
Unit elasticity 3
21
cards
Module 4 - Consumer Demand And Uncertainty
Total utility 1,
Marginal utility 2,
Principle of diminishing marginal...
25
cards
Module 5 - Production And Costs
Explicit costs 1,
Implicit costs 2,
Historic costs 3
49
cards
Module 6 - Revenue And Profit
Total revenue tr 1,
Average revenue ar 2,
Marginal revenue 3
11
cards
Module 7 - Perfect Competition And Monopoly
Perfect competition 1,
Monopolistic competition 2,
Oligopoly 3
29
cards
Module 8 - Imperfect competition
Independence of firms in a market 1,
Product differentiation 2,
Assumptions under monopolistic co...
49
cards
Module 9 - Products, marketing and advertising
Non price competition 1,
Vertical product differentiation 2,
Horizontal product differentiation 3
11
cards
Module 10 - Growth strategy
Describe the possible constraints...,
Explain the relationships between...,
Internal funds 3
37
cards
Module 11 - Pricing strategies
Outline the factors that influenc...,
Limit pricing 2,
Average cost or mark up pricing 3
19
cards
Module 12 - Government intervention in markets
Social efficiency 1,
Equity 2,
Explain why the social optimum oc...
34
cards
Module 13 - Government and the firm
Describe why the use of market po...,
Describe possible benefits of mar...,
Describe the three areas of compe...
14
cards
Module 14 - Supply - side policy
Supply side policies 1,
Discuss the aims of supply side p...,
Describe the ways in which produc...
11
cards
Module 15 - International trade
Outline what is meant by the term...,
Outline the four main drivers for...,
Discuss the benefits 6 and costs ...
24
cards
Module 16 - The balance of payments and exchange rates
Balance of payments account 1,
Current account of the balance of...,
Trade in goods account 3
32
cards
Module 17 - The macroeconomic environment
State the six main macroeconomic ...,
Give examples of macroeconomic po...,
Explain how financial well being ...
72
cards
Module 18 - Money and interest rates
Describe the functions of money 1,
Monetary financial institutions 2,
Retail banking 3
69
cards
Module 19 - Business activity, unemployment and inflation
Full employment level of gdp 1,
Recessionary or deflationary gap 2,
Inflationary gap 3
42
cards
Module 20 - Demand-side macroeconomic policy
Fiscal policy 1,
Budget deficit budget surplus and...,
Current and capital expenditure 3
43
cards
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Economics for Business
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