Economics Unit 1

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Decks in this class (27)

1) Basic Economic Problem
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7  cards
2) Specialisation And Division Labour
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4  cards
3)Production Possibility Frontier
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13  cards
11) PED
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12  cards
4) Types Of Economy: Ree Market And Mixed
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8  cards
5) Positive And Normative Statements
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2  cards
6) The Role Of Prices In An Economy
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5  cards
7) Theory Of Demand
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9  cards
8) Theory Of Supply
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8  cards
9) Equilibrium & Excess Demand And Supply
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9  cards
10) Economic Welfare: Consumer And Producer Surplus
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4  cards
12) PED And Revenue
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7  cards
13) Cross Elasticity Of Demand
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9  cards
14) Income Elasticity Of Demand
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5  cards
15) Price Elasticity Of Supply
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6  cards
16) Indirect Taxes And Subsidies
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6  cards
17) Labour Markets
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19  cards
18) Market Failure
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2  cards
19) Externalities
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9  cards
20) Diagram Showing A Negative Externality Of Production
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5  cards
21) Diagram Showing A Positive Externality Of Consumption
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5  cards
22)missing Markets:public Goods
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9  cards
23) Imperfect Market Information
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6  cards
24) Government Intervention To Correct Market Failure Caused By Externalities And Missing Markets
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23  cards
25) Labour Market Immobility
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9  cards
26) Unstable Commodity Markets
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21  cards
27) Government Failure And Cost Benefit Analysis
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13  cards

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