This class was created by Brainscape user Lefika ratlou. Visit their profile to learn more about the creator.
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Lefika ratlou
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Decks in this class (16)
The Nature of Economics
Microeconomics 1,
Macroeconimics 2,
Scarcity 3
7
cards
Intro part 2: Production possibilities curves
Free goods 1,
Economic goods 2,
Production possibility chart 3
9
cards
Intro part 3: Basic econimics
Basic economic question 1 1,
Basic economic question 2 2,
Basic economic question 3 3
10
cards
Intro into part 4: The Methods of Economics
Positive statements 1,
Normative statements 2,
Positive economics 3
7
cards
2.2 Demand
Learning outcomes 1,
Demand schedule why dies demand s...,
Demand 3
9
cards
2.3 Supply
Supply 1,
Why supply slopes up 2,
Law of supply 3
8
cards
Market structures
Learning outcomes 1,
Factors that effect pricing and t...,
Market structures perfect competi...
7
cards
Income elasticity
0
cards
Elasticity of Demand
Learning outcomes 1,
Elasticity of demand 2,
Types of elasticity 3
5
cards
7.1 Introduction to firms, industries and market structures.
Market power 1,
Perfect competition 2,
Monopoly 3
13
cards
Market failure
Factors of productions 1,
Allocative efficiency 2,
Marginal cost 3
23
cards
Macroeconomics
Aggregate demand 1,
Aggregate demand 1 2,
Components of aggregate demand 3
9
cards
8.1 Economic activity
Households 1,
Firms 2,
Household income 3
6
cards
Macroeconomics objective I: Low unemployment, low and stable rate inflation
Unemployment 1,
Unemployment rate 2,
Cost unemployment 3
17
cards
Macroeconomics objective Il: Low unemployment, low and stable rate inflation
Inflation 1,
Deflation 2,
Disinflation 3
3
cards
Chapter 13. Demand side policies
Monetary policy 1,
What is a central bank 2,
What is a central bank 3
12
cards
More about
IB Economics
- Class purpose General learning
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