This class was created by Brainscape user Ceara Hodges. Visit their profile to learn more about the creator.
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Ceara Hodges
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Decks in this class (14)
Chapter 1 - Intro
Economics 1,
Scarcity 2,
Adam smith 3
33
cards
Chapter 2 - Choice in a World of Scarcity
Budget constraint 1,
Opportunity set 2,
Equation for budget constraint 3
16
cards
Chapter 3 - Supply and Demand
Demand 1,
Quantity demanded 2,
A rise in price does what to quan...
34
cards
Chapter 4 - Labour and Financial Markets
6 factors that shift labour demand 1,
3 factors that shift labour supply 2,
Derived demand 3
7
cards
Chapter 5 - Elasticity
Elasticity 1,
Price elasticity 2,
Price elasticity of demand 3
25
cards
Chapter 6 - The Macroeconomic Perspective
Gross domestic product gdp 1,
Four main parts of demand 2,
Investment expenditure 3
35
cards
Chapter 7 - Economic Growth
Modern economic growth 1,
Industrial revolution 2,
Rule of law 3
23
cards
Chapter 8 - Unemployment
Out of the labour force 1,
Employed 2,
Unemployed 3
25
cards
Chapter 9 - Inflation
Basket of goods and services 1,
Percentage change equation 2,
Base year 3
29
cards
Chapter 10 - International Trade and Capital Flows
Merchandise trade balance 1,
Current account balance 2,
Four components of current accoun...
31
cards
Chapter 11 - The Aggregate Supply and Demand Model
Say s law 1,
Neoclassical economists 2,
Keynes law 3
32
cards
Chapter 12 - Aggregate Demand in Keynesian Analysis
Recessionary gap 1,
Inflationary gap 2,
3 factors that affect consumption 3
21
cards
Chapter 13 - The Neoclassical Perspective
Neoclassical perspective 1,
2 building blocks of neoclassical...,
Adaptive expectations 3
12
cards
Chapter 14 - Money and Banking
Barter 1,
Double coincidence of wants 2,
Medium of exchange 3
38
cards
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Macroeconomics
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