This class was created by Brainscape user fart >. Visit their profile to learn more about the creator.
By:
fart >
- decks
- flashcards
- learners
Decks in this class (22)
2.1 markets-demand
What determines price 1,
Definition of market 2,
Definition of demand 3
32
cards
2.2 market-supply
Supply 1,
Law of supply 2,
Law of diminishing marginal return 3
18
cards
2.3 competitive market equilibrium
Market equilibrium 1,
Qs qd qs qd qs,
Explain excess demand 3
14
cards
2.8 market failure & externalities of production
Define externalities and give exa...,
Taking into account externalities...,
3rd parties 3
39
cards
2.8 common pool resources
Common pool resources def 2charac...,
Two characteristics that common p...,
Rivalrous and non excludable reso...
12
cards
2.11a market failure - market power
Market power 1,
Perfect competition 2,
Imperfect competition 3 kinds 3
11
cards
2.11b profit maximisation
Revenues 1,
Total revenues tr 2,
Average revenue ar 3
16
cards
2.11e
Characteristics of monopolistic c...,
Free entry and exit leads to 2,
In the short run 3 types of profit 3
3
cards
1.1 (idk)
Goods 1,
Services 2,
Resources 3
21
cards
1.1 ppc+circular flow of income
Ppc 1,
Assumptions of ppc 5 2,
Efficiency def 2kinds of efficien...
36
cards
1.2 how economists approach the world//????
Ceteris paribus 1,
Positive economics 2,
Normative economics 3
20
cards
2.4 critique of the maximising behaviour of consumers and producers
Assumptions about consumer behavi...,
Imperfect information 2,
Bounded rationality 3
16
cards
2.5 elasticities of demand
Elasticity 1,
Ped def calculation 2,
Ped 1 3
42
cards
2.6 elasticity of suppyl
Pes 1,
Law of supply 2,
Why is pes alw ve 3
15
cards
2.7 role of govt. in micro
Ways govt can intervene 6 1,
Why does govt intervene 2,
Gst 3
69
cards
3.1 measuring economic activity and illustrating its variations
National income 1,
Circular flow of income 2,
Who spends money in an open econo...
44
cards
3.2 AD
Ad def formula 1,
Reasons for ve ad curve slope 2,
The wealth effect 3
16
cards
2.9 market failure - public goods
Public goods 2 characteristics 1,
Private goods 2characteristics 2,
Rivalrous goods 3
17
cards
2.10 market failure - asymmetrical information (HL)
Perfect information 1,
Asymmetric information 2,
Two types of asymmetries in infor...
16
cards
3.3c unemployment
from the slides haha
21
cards
3.2 AS
As 1,
Short run as conditions 2,
Factors causing shifts in short r...
6
cards
3.3d the government (national) debt
Government debt 1,
Bond 2,
Budget surplus 3
12
cards
More about
hl econs
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study fart >'s hl econs flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
econ
- 37 decks
- 702 flashcards
- 19 learners
Decks:
Economics As A Social Science 111, Market Failure 13 Gov Intervention 14, Theme 2 21 Measures Of Economic Performa, And more!
[OBSELETE] S - Econ
- 42 decks
- 1521 flashcards
- 3 learners
Decks:
Theme 2, Theme 1, Globalisation, And more!
ECON 203
- 50 decks
- 1566 flashcards
- 6 learners
Decks:
41 Key Macroeconomic Variables, 42 Growth Versus Fluctuations, 51 National Output And Value Added, And more!
