EDEXCEL Economics B Paper 1 Flashcards

Decks in this Class (11):

• 11 The Economic Problem

  1.1 The Economic Problem

  Sample Cards:

  define scarcity,

  what is the result of humans having unli,

  define the economic problem
  20 Cards
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• 12 Enterprise Business And The Economy

  1.2 Enterprise, Business and the Economy

  Sample Cards:

  define creative destruction,

  define entrepreneur,

  define innovation
  30 Cards
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• 13 Introducing The Market

  1.3 Introducing the market

  Sample Cards:

  define demand,

  name 5 factors that influence demand,

  how do substitutes influence demand
  44 Cards
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• 14 The Role Of Banks In The Economy

  1.4 The Role of Banks in the Economy

  Sample Cards:

  define the term bank,

  define financial intermediary,

  how do banks enhance the economy
  51 Cards
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• 15 Market Failure And Government Interve

  1.5 Market Failure and Government Intervention

  Sample Cards:

  define external cost,

  define private cost,

  define social cost
  22 Cards
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• 16 Revenue Costs Profits And Cash

  1.6 Revenue, Costs, Profits and Cash

  Sample Cards:

  whats the formula for sales revenue,

  whats the formula for total costs,

  whats the formula for profit
  36 Cards
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• 41 Competition And Market Power

  4.1 Competition and Market Power

  Sample Cards:

  what is the the spectrum of competition,

  define market structure,

  what is perfect competition
  69 Cards
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• 42 Market Power And Market Failure

  4.2 Market Power and Market Failure

  Sample Cards:

  draw the graph for a positive externalit,

  draw the graph for a negative externalit,

  define market failre
  22 Cards
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• 43 Market Failure Across The Economy

  4.3 Market Failure Across the Economy

  Sample Cards:

  define public good,

  define non excludable,

  define merit good
  20 Cards
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• 44 Macroeconomic Policy And Impact On Fi

  4.4 Macroeconomic Policy and impact on firms and individuals

  Sample Cards:

  what is the largest component of ad,

  define aggregate supply,

  give 4 things that increase long run agg
  62 Cards
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• 45 Risk In The Financial Sector

  4.5 Risk in the Financial Sector

  Sample Cards:

  define shock,

  define uncertainty,

  define risk
  56 Cards
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