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Decks in this class (15)
Topic 1: Central Economic Problem
Define scarcity 1,
State the four factors of product...,
Define opportunity cost 3
11
cards
Topic 2: Demand and Supply
What is the signalling function t...,
What is consumer sovereignty in t...,
Define ceteris paribus 3
31
cards
Topic 3: Elasticity
Define ped 1,
How to calculate ped 2,
What does it mean if ped 1 3
27
cards
Topic 4: Government Intervention and the Labour Market
In general govenments intervene i...,
What is a direct tax 2,
What is the rationale of direct t...
30
cards
Chapter 5: Market Failure
How is allocative efficiency achi...,
How is equity achieved 2,
Define market failure 3
15
cards
Chapter 6: Key Economic Indicators
What are the four macroeconomics ...,
What is the economic indicator of...,
What is the economic indicator of...
35
cards
Chapter 7: Macroeconomics Model
Define aggregate demand 1,
What causes a movement along the ...,
What is the formula for non price...
14
cards
Topic 8: Economic Growth
Define actual growth 1,
When does an incease in ad have a...,
Define potential growth 3
19
cards
Topic 9: Unemployment
Define unemployment 1,
State the equation to calculate u...,
Who are the people included and n...
12
cards
Topic 10: Price Stability
Define price stability 1,
Define inflation 2,
Explain the difference between he...
17
cards
Topic 11: Fiscal Policy
Define fiscal policy 1,
What is the government budget 2,
What is fiscal sustainability 3
13
cards
Topic 12: Monetary Policy
What is a monetary policy 1,
State the purpose of an expansion...,
How does the expansionary monetar...
16
cards
Topic 13: Side Supply Policy
Define side supply policy 1,
How does government developmental...,
How does government spending and ...
14
cards
Firms and Decisions
Define market structure 1,
Define barriers to entry 2,
What is the characteristics of a ...
25
cards
Objectives of Firms
Why do some firms adopt profit sa...,
Why do some firms adopt revenue m...,
Why do some firms focus on market...
6
cards
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