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Introduction To Economics

This class was created by Brainscape user Michael Agwu. Visit their profile to learn more about the creator.

By: Michael Agwu
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Decks in this class (7)

Scarcity & Opportunity Cost
What is economics all about 1,
What is scarcity 2,
Define economics 3
9  cards
Participants & Marginal Analysis
What is law 1 of economics 1,
What is law 2 of economics 2,
What is law 3 of economics 3
29  cards
Economic Systems
What is an economic system 1,
What are the three economic quest...,
What are social values goals 3
14  cards
Production Possibilities
What does scarcity exists tell you 1,
What does ceteris paribus mean 2,
Expand on what ceteris paribus me...
4  cards
Production Possibilities Curve
What does productive efficiency m...,
What does it mean when a producti...,
What is the most common type of p...
13  cards
Specialisation & Trade
What is trade 1,
What are the benefits of trade 2,
Why would two nations engage in a...
10  cards
Thr Circular Flow Model
What 4 elements are included in t...,
How do consumers link to the fact...,
How do firms link to factor market 3
17  cards

More about
Introduction To Economics

  • Class purpose General learning

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